SOUN Options History — May 2025

In May 2025, SOUN traded between $8.98 and $11.66. ATM implied volatility averaged 95.8%, placing in the 31.6% IV rank vs the trailing year. The 30-day expected move averaged 27.5%. IV traded below realized volatility by 2.3% (HV 20d: 98.1%). Max pain ranged from $9.00 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.41.

Notable Days

2025-05-12: Highest Volume — 278,161 contracts
2025-05-09: Largest IV drop — 18.5% change
2025-05-08: Highest IV Rank — 42.6%
2025-05-02: Largest Expected Move — 34.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.13	$8.98	$11.66	$9.23	$10.09
Max Pain	$9.67	$9.00	$10.00	$9.00	$10.00
ATM IV	95.8%	87.5%	111.6%	103.1%	87.5%
Expected Move	27.5%	24.3%	34.2%	33.8%	24.3%
HV 20d	98.1%	63.6%	110.0%	108.1%	110.0%
HV 60d	111.3%	104.0%	126.6%	119.7%	104.4%
IV Rank	31.6%	25.8%	42.6%	36.7%	25.8%
IV Percentile	46.4%	34.9%	66.7%	52.4%	34.9%
Term Structure	-0.9%	-8.8%	6.9%	-0.6%	6.9%
VWIV	98.4%	86.9%	120.9%	118.1%	86.9%
Skew 25d	-8.1%	-14.9%	1.9%	-2.0%	-12.4%
Skew 10d	-14.8%	-55.4%	43.9%	-9.6%	-26.3%
Call IV 25d	101.8%	91.8%	115.8%	103.9%	95.8%
Put IV 25d	93.6%	82.1%	114.8%	101.9%	83.4%
Bid-Ask Spread %	14.33	3.99	24.71	17.42	19.09
Gamma HHI	0.10	0.08	0.18	0.10	0.09
Net GEX	1.7M	126.9K	3.1M	1.3M	1.4M
Net DEX	-129.3M	-227.4M	-67.2M	-88.4M	-119.3M
Net VEX	-1.0M	-1.1M	-879.7K	-923.1K	-1.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.41	0.18	1.77	0.33	0.43
Total Volume	96,019.667	28,150	278,161	30,590	66,961
Total OI	659,273.333	566,924	742,583	585,604	717,125

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
2025-05-01	$9.23	$9.00	103.1%	33.8%	108.1%	36.7%	118.1%	-2.0%	-0.6%	1.3M	-88.4M	-923.1K	0.33	17.42	N/A	N/A	23,007	7,583	384,896	200,708
2025-05-02	$9.41	$9.00	101.4%	34.2%	106.9%	35.5%	120.9%	-5.5%	-8.8%	1.6M	-95.2M	-934.0K	0.32	17.67	N/A	N/A	52,512	16,858	388,708	202,303
2025-05-05	$9.29	$9.00	104.3%	28.8%	97.4%	37.5%	103.7%	-4.6%	-1.1%	1.1M	-89.3M	-915.5K	0.46	17.37	N/A	N/A	24,332	11,125	372,172	194,752
2025-05-06	$9.05	$9.00	104.3%	28.5%	98.0%	37.5%	102.2%	1.9%	6.1%	1.0M	-79.0M	-892.3K	0.40	3.99	N/A	N/A	20,085	8,065	383,470	201,188
2025-05-07	$9.21	$9.00	111.2%	29.8%	92.0%	42.4%	106.3%	-1.6%	-6.1%	1.1M	-89.5M	-929.2K	1.77	24.01	N/A	N/A	23,977	42,394	388,918	202,983
2025-05-08	$9.71	$9.00	111.6%	30.2%	63.6%	42.6%	107.8%	-1.0%	-5.0%	1.2M	-115.0M	-966.3K	0.38	4.54	N/A	N/A	66,088	25,198	399,076	236,141
2025-05-09	$8.98	$9.00	90.9%	26.1%	66.8%	28.1%	92.7%	-3.5%	-0.2%	126.9K	-67.2M	-879.7K	0.54	19.22	N/A	N/A	70,233	37,802	422,558	250,614
2025-05-12	$11.09	$10.00	94.7%	27.5%	99.0%	30.8%	98.8%	-7.0%	0.2%	1.9M	-178.7M	-1.0M	0.31	17.02	N/A	N/A	212,262	65,899	386,066	230,954
2025-05-13	$11.41	$10.00	97.3%	27.3%	98.9%	32.6%	97.3%	-7.5%	-1.8%	2.8M	-207.0M	-1.1M	0.31	6.34	N/A	N/A	106,653	33,008	433,092	247,496
2025-05-14	$11.66	$10.00	97.4%	27.9%	98.6%	32.7%	98.6%	-8.8%	0.2%	3.0M	-227.4M	-1.1M	0.19	15.08	N/A	N/A	133,052	25,452	449,460	263,983
2025-05-15	$11.02	$10.00	95.3%	27.2%	98.3%	31.2%	97.7%	-5.7%	1.3%	2.5M	-175.4M	-1.1M	0.38	5.11	N/A	N/A	49,413	18,653	465,957	269,525
2025-05-16	$11.13	$10.00	90.3%	25.8%	98.3%	27.7%	91.5%	-7.9%	-0.5%	2.7M	-186.6M	-1.1M	0.35	20.64	N/A	N/A	50,502	17,537	473,771	268,812
2025-05-19	$10.23	$10.00	89.1%	25.4%	102.7%	26.9%	94.4%	-12.7%	-0.1%	1.5M	-116.5M	-1.0M	0.35	11.73	N/A	N/A	66,473	23,126	422,505	201,480
2025-05-20	$9.98	$10.00	88.0%	25.2%	101.0%	26.1%	90.5%	-14.0%	-4.5%	1.4M	-102.7M	-1.0M	0.40	4.90	N/A	N/A	52,059	20,843	449,502	214,289
2025-05-21	$9.50	$10.00	87.6%	25.1%	100.3%	25.8%	90.9%	-14.1%	-0.4%	1.1M	-78.4M	-951.6K	0.27	6.74	N/A	N/A	69,242	18,961	462,168	213,775
2025-05-22	$9.59	$10.00	88.1%	25.2%	97.5%	26.1%	91.1%	-14.9%	1.7%	1.2M	-88.0M	-972.0K	0.24	5.41	N/A	N/A	103,314	25,259	478,324	212,893
2025-05-23	$9.61	$10.00	87.8%	25.1%	97.4%	26.0%	91.8%	-10.8%	-0.6%	745.6K	-87.5M	-984.9K	0.27	18.16	N/A	N/A	52,923	14,066	499,923	212,896
2025-05-27	$11.00	$10.00	95.7%	27.3%	108.3%	31.5%	98.2%	-13.6%	-8.4%	2.3M	-182.2M	-1.1M	0.18	24.71	N/A	N/A	163,450	29,436	445,939	197,878
2025-05-28	$10.98	$10.00	98.0%	27.4%	107.9%	33.1%	96.7%	-11.6%	2.5%	3.1M	-190.5M	-1.1M	0.39	23.00	N/A	N/A	62,098	24,490	484,723	206,889
2025-05-29	$10.50	$10.00	88.5%	25.0%	108.8%	26.5%	90.0%	-13.5%	-0.2%	2.6M	-152.2M	-1.1M	0.29	18.73	N/A	N/A	63,666	18,356	495,828	211,000
2025-05-30	$10.09	$10.00	87.5%	24.3%	110.0%	25.8%	86.9%	-12.4%	6.9%	1.4M	-119.3M	-1.0M	0.43	19.09	N/A	N/A	46,713	20,248	502,028	215,097