SOUN Options History — March 2025

In March 2025, SOUN traded between $8.14 and $10.25. ATM implied volatility averaged 105.6%, placing in the 37.1% IV rank vs the trailing year. The 30-day expected move averaged 32.3%. IV traded below realized volatility by 25.6% (HV 20d: 131.2%). Max pain ranged from $10.00 to $12.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.44.

Notable Days

2025-03-03: Highest Volume — 172,731 contracts
2025-03-10: Largest IV spike — 10.1% change
2025-03-10: Highest IV Rank — 46.1%
2025-03-10: Largest Expected Move — 37.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$9.48	$8.14	$10.25	$10.13	$8.14
Max Pain	$11.15	$10.00	$12.00	$12.00	$10.00
ATM IV	105.6%	92.7%	116.6%	106.2%	93.3%
Expected Move	32.3%	29.1%	37.9%	31.9%	29.9%
HV 20d	131.2%	97.2%	164.4%	153.6%	97.2%
HV 60d	136.7%	122.9%	154.3%	154.2%	122.9%
IV Rank	37.1%	25.6%	46.1%	25.6%	29.8%
IV Percentile	51.8%	41.7%	63.1%	51.6%	42.5%
Term Structure	0.7%	-5.5%	13.6%	-0.1%	13.6%
VWIV	115.8%	100.0%	139.0%	118.7%	107.7%
Skew 25d	-7.9%	-20.1%	-1.1%	-20.1%	-7.5%
Skew 10d	-10.1%	-69.9%	50.9%	-34.9%	-12.1%
Call IV 25d	111.5%	94.7%	124.9%	120.3%	100.3%
Put IV 25d	103.6%	88.6%	116.0%	100.2%	92.8%
Bid-Ask Spread %	18.86	6.96	70.20	14.70	10.96
Gamma HHI	0.07	0.06	0.10	0.06	0.06
Net GEX	730.3K	68.0K	1.5M	837.8K	264.2K
Net DEX	-47.4M	-105.0M	1.6M	-81.0M	-4.5M
Net VEX	-1.1M	-1.3M	-906.3K	-1.2M	-906.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.31	0.68	0.43	0.34
Total Volume	76,886.19	42,044	172,731	172,731	66,100
Total OI	877,665.714	752,337	976,624	881,753	752,337

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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-03-03	$10.13	$12.00	106.2%	31.9%	153.6%	25.6%	118.7%	-20.1%	-0.1%	837.8K	-81.0M	-1.2M	0.43	14.70	N/A	N/A	120,830	51,901	545,365	336,388
2025-03-04	$9.84	$12.00	114.2%	35.1%	153.1%	29.4%	128.6%	-11.8%	-0.3%	596.5K	-61.4M	-1.2M	0.68	26.38	N/A	N/A	86,696	59,235	579,712	349,900
2025-03-05	$10.09	$12.00	111.7%	34.1%	148.7%	42.6%	125.4%	-16.8%	1.9%	835.1K	-78.6M	-1.3M	0.39	6.96	N/A	N/A	55,992	21,993	587,216	358,951
2025-03-06	$9.46	$12.00	110.6%	33.1%	149.1%	41.9%	118.3%	-13.3%	-2.0%	300.6K	-36.4M	-1.2M	0.35	16.75	N/A	N/A	56,439	19,820	601,076	364,196
2025-03-07	$9.79	$12.00	105.9%	31.6%	150.4%	38.6%	113.4%	-10.4%	-0.5%	599.4K	-50.0M	-1.2M	0.34	15.35	N/A	N/A	73,945	25,414	610,986	365,638
2025-03-10	$8.43	$12.00	116.6%	37.9%	156.6%	46.1%	139.0%	-5.2%	-1.9%	100.3K	1.6M	-1.0M	0.54	13.46	N/A	N/A	58,259	31,204	526,444	331,648
2025-03-11	$8.55	$12.00	114.8%	37.4%	157.4%	44.8%	133.7%	-1.1%	3.2%	306.0K	-3.7M	-1.0M	0.58	20.10	N/A	N/A	39,861	23,227	544,657	333,753
2025-03-12	$9.25	$12.00	111.8%	34.3%	159.5%	42.7%	122.3%	-5.4%	-1.7%	834.7K	-34.0M	-1.1M	0.42	14.81	N/A	N/A	53,323	22,476	551,620	338,722
2025-03-13	$8.93	$12.00	115.2%	35.2%	159.3%	45.1%	125.0%	-7.3%	-1.2%	554.0K	-18.2M	-1.1M	0.66	19.45	N/A	N/A	31,508	20,781	562,579	343,342
2025-03-14	$10.21	$12.00	114.7%	35.1%	164.4%	44.8%	125.8%	-6.1%	-1.7%	863.8K	-105.0M	-1.2M	0.43	12.89	N/A	N/A	112,287	48,120	574,520	355,687
2025-03-17	$10.09	$11.00	111.3%	31.1%	114.8%	42.4%	111.8%	-5.2%	5.8%	1.2M	-76.6M	-1.2M	0.36	9.91	N/A	N/A	48,468	17,559	543,421	334,273
2025-03-18	$9.57	$11.00	110.6%	31.4%	115.0%	42.0%	111.3%	-7.1%	-5.5%	1.0M	-49.3M	-1.1M	0.57	24.81	N/A	N/A	26,811	15,233	556,718	336,961
2025-03-19	$9.82	$11.00	108.0%	31.0%	115.5%	40.2%	110.9%	-5.6%	-2.5%	1.2M	-52.0M	-1.2M	0.34	14.55	N/A	N/A	33,418	11,290	574,167	354,717
2025-03-20	$9.64	$0.00	104.8%	30.5%	115.5%	37.9%	100.0%	-5.4%	-4.9%	1.1M	-36.4M	-1.1M	0.31	70.20	N/A	N/A	39,652	12,471	582,153	356,876
2025-03-21	$9.82	$10.00	100.3%	30.6%	112.6%	34.7%	107.7%	-3.6%	-1.4%	806.7K	-42.1M	-1.1M	0.33	20.29	N/A	N/A	53,645	17,823	591,281	356,278
2025-03-24	$10.25	$10.00	93.9%	29.5%	109.4%	30.2%	106.5%	-5.2%	2.4%	1.2M	-89.1M	-1.1M	0.32	11.67	N/A	N/A	47,062	15,143	473,492	279,004
2025-03-25	$10.13	$10.00	94.7%	30.4%	107.5%	30.8%	107.1%	-5.6%	1.3%	1.5M	-92.2M	-1.1M	0.44	16.67	N/A	N/A	33,306	14,506	496,278	281,177
2025-03-26	$9.43	$10.00	94.0%	30.2%	108.7%	30.3%	107.6%	-6.8%	3.0%	925.7K	-53.4M	-1.1M	0.44	22.80	N/A	N/A	35,564	15,539	509,257	285,499
2025-03-27	$9.00	$10.00	93.1%	29.9%	109.6%	29.7%	107.0%	-9.6%	2.0%	236.6K	-29.0M	-1.0M	0.39	16.56	N/A	N/A	31,389	12,270	510,539	289,053
2025-03-28	$8.46	$10.00	92.7%	29.1%	97.9%	29.4%	104.1%	-6.1%	4.5%	68.0K	-4.4M	-931.8K	0.54	16.80	N/A	N/A	35,062	18,988	515,714	289,385
2025-03-31	$8.14	$10.00	93.3%	29.9%	97.2%	29.8%	107.7%	-7.5%	13.6%	264.2K	-4.5M	-906.3K	0.34	10.96	N/A	N/A	49,165	16,935	472,118	280,219