SOUN Options History — July 2025

In July 2025, SOUN traded between $10.38 and $12.89. ATM implied volatility averaged 99.8%, placing in the 31.7% IV rank vs the trailing year. The 30-day expected move averaged 29.4%. IV traded above realized volatility by 19.9% (HV 20d: 79.8%). Max pain ranged from $10.00 to $11.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.27.

Notable Days

2025-07-08: Highest Volume — 402,869 contracts
2025-07-07: Largest IV spike — 24.9% change
2025-07-09: Highest IV Rank — 51.7%
2025-07-23: Largest Expected Move — 32.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.59	$10.38	$12.89	$10.38	$10.43
Max Pain	$10.77	$10.00	$11.00	$10.00	$11.00
ATM IV	99.8%	82.2%	127.3%	87.1%	92.8%
Expected Move	29.4%	23.8%	32.9%	23.8%	30.9%
HV 20d	79.8%	64.8%	91.7%	64.8%	81.0%
HV 60d	87.1%	84.1%	94.6%	94.6%	87.5%
IV Rank	31.7%	18.9%	51.7%	22.4%	26.6%
IV Percentile	50.7%	26.2%	82.5%	34.5%	41.3%
Term Structure	-1.2%	-16.5%	13.0%	4.3%	-16.5%
VWIV	108.0%	88.1%	123.6%	88.1%	115.5%
Skew 25d	-21.0%	-34.5%	-6.8%	-16.0%	-18.1%
Skew 10d	-22.8%	-60.9%	22.0%	22.0%	-21.1%
Call IV 25d	114.5%	92.4%	136.2%	94.7%	110.9%
Put IV 25d	93.5%	76.1%	105.1%	78.7%	92.8%
Bid-Ask Spread %	17.35	3.28	32.01	15.10	7.99
Gamma HHI	0.13	0.07	0.35	0.13	0.07
Net GEX	3.8M	1.2M	7.0M	3.8M	1.2M
Net DEX	-231.1M	-387.4M	-104.8M	-169.1M	-111.8M
Net VEX	-1.1M	-1.2M	-987.4K	-1.0M	-999.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.27	0.12	0.44	0.28	0.22
Total Volume	134,980.318	53,217	402,869	112,202	63,610
Total OI	778,941.5	649,192	897,192	748,702	733,242

Daily Data (22 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
2025-07-01	$10.38	$10.00	87.1%	23.8%	64.8%	22.4%	88.1%	-16.0%	4.3%	3.8M	-169.1M	-1.0M	0.28	15.10	N/A	N/A	87,865	24,337	542,358	206,344
2025-07-02	$11.27	$10.00	97.6%	25.2%	70.7%	30.1%	92.3%	-16.4%	6.5%	5.1M	-269.7M	-1.1M	0.21	17.77	N/A	N/A	163,550	33,828	564,512	216,656
2025-07-03	$11.05	$10.00	82.2%	26.7%	71.2%	18.9%	94.8%	-16.4%	11.1%	7.0M	-242.7M	-1.1M	0.27	28.69	N/A	N/A	61,610	16,804	578,938	221,034
2025-07-07	$11.36	$10.00	102.6%	30.3%	67.1%	33.8%	112.2%	-19.7%	-1.2%	3.8M	-236.6M	-1.1M	0.24	28.32	N/A	N/A	149,932	36,255	529,770	207,093
2025-07-08	$12.77	$10.00	108.1%	32.3%	74.6%	37.7%	112.6%	-17.3%	2.9%	5.1M	-387.4M	-1.2M	0.23	27.57	N/A	N/A	326,895	75,974	575,721	221,868
2025-07-09	$12.89	$11.00	127.3%	31.8%	74.0%	51.7%	114.3%	-34.5%	-1.7%	5.3M	-372.4M	-1.2M	0.22	32.01	N/A	N/A	129,260	28,618	593,385	244,289
2025-07-10	$12.25	$11.00	102.1%	30.3%	76.8%	33.4%	110.9%	-23.2%	2.1%	5.2M	-306.6M	-1.2M	0.40	22.23	N/A	N/A	115,279	46,521	610,592	250,024
2025-07-11	$11.54	$11.00	100.9%	30.0%	80.4%	32.5%	107.7%	-6.8%	13.0%	6.7M	-228.6M	-1.1M	0.33	24.85	N/A	N/A	90,652	29,693	624,958	262,302
2025-07-14	$11.34	$11.00	98.6%	28.1%	80.3%	30.8%	103.6%	-20.5%	0.2%	3.2M	-193.8M	-1.1M	0.44	17.41	N/A	N/A	85,198	37,222	561,182	241,846
2025-07-15	$11.27	$11.00	96.6%	27.7%	77.7%	29.3%	100.7%	-19.3%	-0.1%	3.2M	-192.9M	-1.1M	0.23	18.97	N/A	N/A	59,487	13,535	579,460	257,705
2025-07-16	$11.77	$11.00	99.7%	28.6%	76.1%	31.6%	102.8%	-18.8%	-2.6%	4.5M	-243.2M	-1.1M	0.26	3.28	N/A	N/A	80,886	20,647	590,581	263,084
2025-07-17	$12.57	$11.00	101.7%	29.3%	76.7%	33.1%	104.8%	-19.1%	-2.4%	6.3M	-333.9M	-1.2M	0.23	18.35	N/A	N/A	155,222	36,455	598,765	268,881
2025-07-18	$12.86	$11.00	101.0%	29.3%	76.7%	32.6%	105.2%	-19.9%	-3.6%	3.7M	-363.6M	-1.2M	0.23	9.79	N/A	N/A	103,257	23,767	622,104	275,088
2025-07-21	$11.70	$11.00	99.7%	29.2%	86.1%	31.6%	112.8%	-21.0%	-2.5%	2.9M	-202.5M	-1.1M	0.24	15.47	N/A	N/A	162,133	38,279	463,760	185,432
2025-07-22	$11.32	$11.00	100.8%	30.0%	87.4%	32.5%	109.8%	-20.4%	-2.1%	2.3M	-167.0M	-1.1M	0.26	14.56	N/A	N/A	76,344	20,219	509,244	204,300
2025-07-23	$12.18	$11.00	108.7%	32.9%	89.9%	38.2%	122.2%	-28.7%	-14.5%	3.5M	-244.4M	-1.2M	0.12	19.33	N/A	N/A	152,677	17,847	516,345	210,713
2025-07-24	$11.98	$11.00	106.8%	32.3%	89.6%	36.8%	123.6%	-28.8%	1.5%	3.5M	-225.9M	-1.1M	0.14	12.89	N/A	N/A	92,670	13,004	531,416	215,435
2025-07-25	$11.77	$11.00	101.7%	30.5%	89.6%	33.1%	110.0%	-28.1%	-3.4%	2.8M	-203.3M	-1.1M	0.31	8.79	N/A	N/A	67,864	20,724	543,791	218,720
2025-07-28	$11.18	$11.00	94.8%	29.3%	91.7%	28.1%	112.5%	-25.1%	-13.4%	2.3M	-161.4M	-1.1M	0.40	11.17	N/A	N/A	63,236	25,127	480,130	192,839
2025-07-29	$10.67	$11.00	91.8%	28.6%	86.9%	25.9%	112.3%	-22.8%	-2.5%	1.5M	-122.8M	-1.0M	0.24	9.30	N/A	N/A	56,282	13,585	497,819	206,435
2025-07-30	$10.38	$11.00	92.3%	29.3%	86.6%	26.2%	108.3%	-22.1%	-2.1%	1.2M	-104.8M	-987.4K	0.39	17.92	N/A	N/A	38,153	15,064	508,534	210,018
2025-07-31	$10.43	$11.00	92.8%	30.9%	81.0%	26.6%	115.5%	-18.1%	-16.5%	1.2M	-111.8M	-999.5K	0.22	7.99	N/A	N/A	52,254	11,356	518,371	214,871