SOFI Options History — September 2023

In September 2023, SOFI traded between $7.44 and $9.05. ATM implied volatility averaged 54.5%, placing in the 8.6% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded above realized volatility by 16.4% (HV 20d: 38.1%). Max pain ranged from $8.00 to $9.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.54.

Notable Days

  • 2023-09-22: Highest Volume — 201,632 contracts
  • 2023-09-21: Largest IV spike — 10.7% change
  • 2023-09-29: Highest IV Rank — 22.9%
  • 2023-09-26: Largest Expected Move — 17.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.37$7.44$9.05$8.84$8.00
Max Pain$8.80$8.00$9.00$9.00$8.50
ATM IV54.5%48.5%62.2%51.5%62.2%
Expected Move15.7%13.8%17.6%13.8%16.3%
HV 20d38.1%34.1%42.8%36.7%42.8%
HV 60d60.7%58.3%66.7%66.7%59.7%
IV Rank8.6%0.0%22.9%0.0%22.9%
IV Percentile9.9%0.0%30.2%0.0%30.2%
Term Structure3.1%-1.1%11.8%0.1%11.8%
VWIV56.0%49.3%62.5%49.3%59.4%
Skew 25d2.3%0.6%3.9%1.3%1.7%
Skew 10d3.7%0.2%7.2%0.5%1.0%
Call IV 25d54.2%47.6%61.8%51.5%58.8%
Put IV 25d56.5%49.5%65.5%52.7%60.5%
Bid-Ask Spread %2.251.732.772.292.75
Gamma HHI0.140.100.360.110.26
Net GEX2.9M-1.2M11.0M3.3M7.0M
Net DEX-209.4M-334.1M-54.6M-302.1M-174.2M
Net VEX-2.2M-2.4M-2.0M-2.4M-2.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.291.110.390.38
Total Volume112,719.2575,044201,632109,873147,487
Total OI2,070,699.651,960,2152,191,4122,066,7992,191,412

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-09-01$8.84$9.0051.5%13.8%36.7%0.0%49.3%1.3%0.1%3.3M-302.1M-2.4M0.392.2978,92830,9451,248,323818,476
2023-09-05$8.79$9.0051.3%15.2%36.6%0.0%54.7%1.7%0.5%3.5M-278.1M-2.3M0.432.6975,85832,5891,189,778797,536
2023-09-06$8.52$9.0052.1%15.4%37.9%1.3%56.3%2.5%0.0%2.0M-224.6M-2.3M0.621.8560,81337,4901,205,791810,853
2023-09-07$8.54$8.0051.9%15.3%35.4%1.1%54.5%3.9%1.0%1.7M-233.4M-2.2M0.851.9643,15536,5661,222,784817,452
2023-09-08$8.57$8.0050.4%15.0%34.1%0.0%53.5%2.7%1.0%2.2M-236.5M-2.3M0.381.8977,56329,6341,230,226825,932
2023-09-11$8.89$9.0049.6%14.7%36.5%0.0%52.3%2.4%1.7%3.8M-292.6M-2.2M0.481.7377,12337,3191,189,753801,934
2023-09-12$8.98$9.0049.6%15.1%36.6%0.0%54.0%1.3%2.8%4.9M-314.3M-2.3M0.551.8279,66443,6461,219,007813,289
2023-09-13$8.79$9.0049.9%14.5%34.7%0.6%52.2%1.2%0.3%4.1M-275.7M-2.3M0.872.0747,23241,0341,233,196826,906
2023-09-14$9.05$9.0048.5%14.5%35.8%0.0%51.8%2.0%2.9%5.8M-334.1M-2.2M0.411.8665,22426,9891,240,189842,084
2023-09-15$8.98$9.0049.0%14.4%34.4%0.8%51.7%2.5%1.3%11.0M-312.8M-2.3M0.532.4372,60938,3161,252,285847,769
2023-09-18$8.68$9.0053.3%15.4%37.0%8.0%54.1%3.1%-0.7%3.5M-245.2M-2.2M0.482.0375,63736,4211,179,084781,131
2023-09-19$8.66$9.0052.8%15.2%36.8%7.1%54.4%1.4%-0.1%3.2M-245.0M-2.2M0.332.6069,98922,8011,203,018800,769
2023-09-20$8.39$9.0053.3%15.3%38.1%7.9%54.9%0.6%0.6%2.0M-196.9M-2.1M0.312.3070,30021,7151,233,121811,868
2023-09-21$7.92$9.0059.0%16.9%41.5%17.4%60.3%2.9%0.6%-282.7K-112.6M-2.1M1.112.5891,779102,2511,241,999847,633
2023-09-22$7.54$9.0060.0%17.3%42.7%19.2%61.3%2.5%-1.1%-1.2M-54.6M-2.0M0.612.27125,38376,2491,265,064877,535
2023-09-25$7.50$9.0060.3%17.2%41.7%19.7%61.2%2.6%10.4%-326.2K-79.2M-2.0M0.722.7779,99157,8981,220,834873,826
2023-09-26$7.44$8.5062.1%17.6%41.7%22.7%62.5%3.8%9.3%-172.4K-67.4M-2.0M0.652.3045,53329,5111,254,220878,744
2023-09-27$7.58$8.5061.5%17.4%41.5%21.7%61.9%3.7%9.3%403.8K-90.7M-2.1M0.292.2466,74819,1641,269,967880,839
2023-09-28$7.75$8.5061.7%16.9%40.6%22.1%60.3%2.8%10.2%1.1M-118.9M-2.1M0.372.6660,36522,4661,285,568883,798
2023-09-29$8.00$8.5062.2%16.3%42.8%22.9%59.4%1.7%11.8%7.0M-174.2M-2.2M0.382.75106,69940,7881,303,852887,560