SOFI Options History — September 2025

In September 2025, SOFI traded between $24.51 and $29.77. ATM implied volatility averaged 60.3%, placing in the 22.5% IV rank vs the trailing year. The 30-day expected move averaged 17.0%. IV traded above realized volatility by 14.4% (HV 20d: 45.9%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.54.

Notable Days

2025-09-19: Highest Volume — 800,645 contracts
2025-09-29: Largest IV spike — 13.0% change
2025-09-29: Highest IV Rank — 35.4%
2025-09-23: Largest Expected Move — 17.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.02	$24.51	$29.77	$24.95	$26.32
Max Pain	$21.19	$20.00	$25.00	$21.00	$25.00
ATM IV	60.3%	56.4%	70.6%	59.8%	70.6%
Expected Move	17.0%	16.3%	17.9%	17.4%	17.6%
HV 20d	45.9%	36.7%	51.1%	49.3%	40.4%
HV 60d	46.6%	44.0%	50.7%	50.7%	45.1%
IV Rank	22.5%	17.4%	35.4%	22.0%	34.2%
IV Percentile	50.3%	34.1%	78.6%	50.8%	78.6%
Term Structure	2.5%	-0.8%	10.7%	-0.3%	0.8%
VWIV	60.6%	57.8%	63.9%	62.0%	62.3%
Skew 25d	-0.3%	-2.0%	0.8%	0.3%	-2.0%
Skew 10d	2.7%	-2.6%	15.6%	2.2%	-2.6%
Call IV 25d	61.5%	56.9%	74.1%	60.7%	74.1%
Put IV 25d	61.2%	56.3%	72.9%	61.0%	72.1%
Bid-Ask Spread %	11.96	4.99	24.29	6.69	8.35
Gamma HHI	0.10	0.07	0.16	0.08	0.07
Net GEX	29.7M	10.9M	49.5M	20.3M	10.9M
Net DEX	-3.60B	-4.80B	-2.82B	-3.02B	-2.82B
Net VEX	-12.6M	-13.3M	-12.0M	-12.1M	-13.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.36	0.77	0.58	0.64
Total Volume	402,635.571	221,205	800,645	320,830	639,047
Total OI	3,856,031.619	3,454,608	4,200,838	3,722,809	3,680,811

Daily Data (21 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
2025-09-02	$24.95	$21.00	59.8%	17.4%	49.3%	22.0%	62.0%	0.3%	-0.3%	20.3M	-3.02B	-12.1M	0.58	6.69	202,621	118,209	2,093,685	1,629,124
2025-09-03	$24.51	$21.00	57.8%	16.8%	50.0%	19.3%	59.9%	0.4%	0.3%	15.7M	-2.85B	-12.0M	0.53	5.78	161,909	85,363	2,137,302	1,682,632
2025-09-04	$25.36	$20.00	57.2%	16.6%	50.6%	18.5%	58.8%	-0.0%	0.3%	25.2M	-3.23B	-12.3M	0.44	4.99	221,753	98,651	2,184,415	1,717,965
2025-09-05	$25.61	$20.00	58.5%	16.8%	50.4%	20.3%	59.6%	0.4%	0.1%	37.4M	-3.40B	-12.4M	0.51	5.82	329,742	167,458	2,237,843	1,736,761
2025-09-08	$25.95	$20.00	57.1%	16.5%	50.4%	18.3%	58.6%	-0.0%	0.6%	31.3M	-3.45B	-12.2M	0.67	7.82	194,597	131,206	2,163,704	1,676,882
2025-09-09	$25.93	$20.00	57.1%	16.5%	50.5%	18.3%	58.8%	-1.1%	0.7%	32.2M	-3.42B	-12.3M	0.65	10.63	134,323	86,882	2,195,535	1,730,909
2025-09-10	$25.39	$20.00	58.1%	16.8%	48.6%	19.7%	59.5%	-0.5%	0.6%	26.3M	-3.21B	-12.2M	0.48	16.70	245,768	118,318	2,218,593	1,754,946
2025-09-11	$26.05	$20.00	56.4%	16.3%	49.2%	17.4%	57.9%	-0.7%	0.2%	37.4M	-3.52B	-12.4M	0.44	7.15	214,425	94,359	2,253,156	1,774,690
2025-09-12	$26.59	$20.00	56.8%	16.4%	49.2%	17.9%	57.8%	0.1%	0.8%	49.2M	-3.74B	-12.3M	0.48	6.42	277,955	134,661	2,270,146	1,789,358
2025-09-15	$27.71	$20.00	59.8%	17.2%	50.6%	22.1%	61.2%	-0.5%	-0.8%	38.1M	-4.08B	-12.4M	0.46	9.57	371,257	171,585	2,186,337	1,736,388
2025-09-16	$27.29	$20.00	60.5%	17.3%	51.1%	23.0%	61.2%	-0.6%	-0.7%	32.4M	-3.86B	-12.4M	0.39	19.26	270,810	105,048	2,208,450	1,799,728
2025-09-17	$27.19	$20.00	59.2%	17.0%	46.1%	21.3%	60.6%	0.1%	0.4%	34.8M	-3.86B	-12.4M	0.36	24.29	334,696	120,123	2,267,292	1,831,054
2025-09-18	$28.13	$20.00	58.0%	16.6%	46.0%	19.6%	60.0%	-0.3%	0.3%	49.5M	-4.32B	-12.8M	0.43	13.33	429,424	185,201	2,321,576	1,858,775
2025-09-19	$29.44	$21.00	59.6%	17.0%	47.2%	21.8%	61.7%	0.8%	0.3%	47.5M	-4.80B	-12.7M	0.47	13.54	544,486	256,159	2,303,560	1,897,278
2025-09-22	$29.77	$22.00	61.1%	17.5%	41.1%	23.9%	62.3%	-0.9%	8.5%	33.1M	-4.21B	-12.7M	0.56	10.77	302,672	169,448	2,027,245	1,427,363
2025-09-23	$29.16	$22.00	62.4%	17.9%	39.6%	25.7%	63.9%	0.6%	10.1%	28.8M	-3.95B	-13.2M	0.68	11.00	182,762	123,817	2,086,861	1,481,792
2025-09-24	$28.38	$23.00	61.0%	17.6%	40.1%	23.7%	62.8%	-0.7%	10.6%	21.7M	-3.63B	-13.0M	0.49	10.99	161,223	78,443	2,105,948	1,527,773
2025-09-25	$28.13	$23.00	63.2%	17.8%	38.9%	26.7%	62.2%	0.3%	10.0%	19.0M	-3.51B	-13.2M	0.58	21.92	191,748	111,123	2,134,528	1,553,756
2025-09-26	$27.93	$23.00	61.6%	16.4%	37.2%	24.2%	58.6%	-1.0%	10.7%	11.4M	-3.39B	-13.2M	0.68	20.40	178,342	120,517	2,159,609	1,583,226
2025-09-29	$27.66	$24.00	69.7%	17.3%	36.7%	35.4%	63.6%	-1.3%	-0.1%	21.1M	-3.34B	-13.3M	0.77	15.69	219,454	169,762	2,065,455	1,484,213
2025-09-30	$26.32	$25.00	70.6%	17.6%	40.4%	34.2%	62.3%	-2.0%	0.8%	10.9M	-2.82B	-13.3M	0.64	8.35	390,665	248,382	2,124,470	1,556,341