SOFI Options History — March 2024

In March 2024, SOFI traded between $6.92 and $9.00. ATM implied volatility averaged 56.6%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded below realized volatility by 17.4% (HV 20d: 74.0%). Max pain ranged from $7.50 to $8.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.50.

Notable Days

2024-03-05: Highest Volume — 792,011 contracts
2024-03-05: Largest IV spike — 20.9% change
2024-03-05: Highest IV Rank — 39.8%
2024-03-05: Largest Expected Move — 18.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.47	$6.92	$9.00	$9.00	$7.30
Max Pain	$7.95	$7.50	$8.00	$8.00	$7.50
ATM IV	56.6%	50.6%	68.7%	54.8%	53.4%
Expected Move	16.0%	14.1%	18.5%	15.5%	14.1%
HV 20d	74.0%	49.2%	79.1%	49.2%	72.5%
HV 60d	77.3%	72.6%	81.2%	72.6%	75.9%
IV Rank	16.0%	4.0%	39.8%	12.4%	9.6%
IV Percentile	19.9%	2.4%	65.1%	8.7%	9.1%
Term Structure	3.6%	-1.3%	22.3%	-0.4%	22.3%
VWIV	57.4%	49.8%	66.9%	55.0%	49.8%
Skew 25d	-2.3%	-4.4%	-0.6%	-1.1%	-1.0%
Skew 10d	-4.6%	-7.7%	0.4%	-0.9%	-7.7%
Call IV 25d	58.6%	50.5%	69.6%	57.0%	50.5%
Put IV 25d	56.3%	49.5%	68.3%	55.9%	49.5%
Bid-Ask Spread %	23.88	3.16	45.19	12.70	29.95
Gamma HHI	0.13	0.09	0.34	0.14	0.12
Net GEX	1.9M	-6.0M	7.0M	7.0M	3.1M
Net DEX	-169.8M	-374.3M	-38.4M	-374.3M	-192.6M
Net VEX	-3.0M	-3.3M	-2.3M	-2.8M	-3.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.32	1.09	0.41	0.48
Total Volume	245,470.25	102,451	792,011	141,045	121,295
Total OI	2,480,260.3	2,039,086	2,855,502	2,180,164	2,476,788

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2024-03-01	$9.00	$8.00	54.8%	15.5%	49.2%	12.4%	55.0%	-1.1%	-0.4%	7.0M	-374.3M	-2.8M	0.41	12.70	100,319	40,726	1,337,830	842,334
2024-03-04	$8.61	$8.00	56.8%	16.6%	52.3%	16.4%	58.3%	-2.0%	-1.0%	5.1M	-272.5M	-2.7M	0.42	3.31	131,398	54,899	1,245,206	793,880
2024-03-05	$7.29	$8.00	68.7%	18.5%	79.1%	39.8%	66.9%	-1.2%	-1.3%	481.1K	-48.1M	-2.3M	1.09	25.49	378,788	413,223	1,276,183	815,287
2024-03-06	$7.34	$8.00	66.2%	18.2%	78.7%	34.9%	64.8%	-1.2%	-1.0%	-1.4M	-65.1M	-2.6M	0.33	12.17	356,205	117,671	1,372,885	1,013,448
2024-03-07	$7.42	$8.00	64.6%	18.0%	78.8%	31.8%	64.2%	-3.7%	-0.8%	1.7M	-134.1M	-2.8M	0.41	4.19	258,254	105,343	1,552,115	1,029,345
2024-03-08	$7.71	$8.00	62.2%	17.9%	78.0%	27.0%	63.0%	-3.4%	-1.0%	3.6M	-243.8M	-3.1M	0.49	3.92	197,273	96,410	1,653,280	1,070,895
2024-03-11	$7.64	$8.00	60.9%	17.6%	78.0%	24.4%	62.7%	-2.7%	0.1%	2.3M	-199.3M	-3.0M	0.50	20.83	143,856	71,351	1,558,513	1,033,644
2024-03-12	$7.49	$8.00	58.3%	16.7%	77.3%	19.3%	59.5%	-3.8%	0.0%	674.0K	-156.1M	-3.0M	0.39	3.16	106,650	41,573	1,599,391	1,070,987
2024-03-13	$7.37	$8.00	56.6%	16.5%	76.2%	15.9%	60.3%	-4.1%	0.4%	-736.0K	-127.6M	-2.9M	0.45	19.24	111,496	49,941	1,632,490	1,090,668
2024-03-14	$7.00	$8.00	57.9%	16.7%	75.4%	18.4%	61.0%	-3.1%	0.4%	-6.0M	-38.4M	-2.8M	0.79	26.33	180,793	143,371	1,671,350	1,092,180
2024-03-15	$7.00	$8.00	57.1%	16.3%	75.1%	16.9%	59.3%	-4.4%	-0.6%	583.1K	-79.7M	-2.9M	0.71	26.83	109,460	77,691	1,742,994	1,112,508
2024-03-18	$7.08	$8.00	53.6%	15.4%	75.4%	9.9%	54.6%	-1.6%	0.4%	431.0K	-119.7M	-2.9M	0.57	31.72	176,733	100,804	1,474,793	876,072
2024-03-19	$6.92	$8.00	52.4%	15.0%	75.3%	7.7%	54.6%	-2.4%	0.7%	-868.8K	-102.2M	-3.0M	0.47	32.01	100,448	47,048	1,539,095	922,845
2024-03-20	$7.37	$8.00	52.4%	15.0%	78.6%	7.7%	53.1%	-1.5%	-1.1%	3.7M	-208.0M	-3.1M	0.38	37.97	166,525	63,047	1,566,473	934,890
2024-03-21	$7.46	$8.00	51.5%	14.7%	78.8%	5.9%	52.5%	-2.0%	0.5%	5.8M	-233.4M	-3.2M	0.32	33.33	197,737	62,820	1,589,524	958,534
2024-03-22	$7.30	$8.00	50.6%	14.5%	79.0%	4.0%	51.3%	-2.1%	0.5%	2.9M	-193.1M	-3.2M	0.54	31.87	66,542	35,909	1,620,371	969,113
2024-03-25	$7.46	$8.00	51.9%	14.8%	77.3%	6.6%	52.3%	-1.6%	16.7%	3.6M	-224.0M	-3.2M	0.33	32.37	116,588	38,684	1,466,654	821,674
2024-03-26	$7.22	$8.00	51.7%	14.6%	72.7%	6.3%	53.5%	-3.4%	19.2%	2.8M	-179.6M	-3.1M	0.40	45.12	137,686	55,260	1,515,233	831,230
2024-03-27	$7.34	$7.50	50.8%	14.4%	73.0%	4.6%	50.8%	-0.6%	19.0%	4.2M	-203.8M	-3.3M	0.49	45.19	90,947	44,641	1,577,763	856,741
2024-03-28	$7.30	$7.50	53.4%	14.1%	72.5%	9.6%	49.8%	-1.0%	22.3%	3.1M	-192.6M	-3.3M	0.48	29.95	81,965	39,330	1,601,920	874,868