SOUN Options History — December 2025

In December 2025, SOUN traded between $9.91 and $12.79. ATM implied volatility averaged 74.5%, placing in the 5.7% IV rank vs the trailing year. The 30-day expected move averaged 21.6%. IV traded above realized volatility by 12.2% (HV 20d: 62.4%). Max pain ranged from $12.00 to $13.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.35.

Notable Days

2025-12-04: Highest Volume — 112,122 contracts
2025-12-31: Largest IV drop — 5.4% change
2025-12-01: Highest IV Rank — 12.2%
2025-12-01: Largest Expected Move — 24.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.37	$9.91	$12.79	$11.71	$9.91
Max Pain	$12.14	$12.00	$13.00	$13.00	$12.00
ATM IV	74.5%	61.7%	83.3%	83.3%	61.7%
Expected Move	21.6%	17.8%	24.1%	24.1%	17.8%
HV 20d	62.4%	54.5%	72.6%	72.4%	54.9%
HV 60d	72.7%	66.3%	75.9%	75.3%	66.3%
IV Rank	5.7%	0.0%	12.2%	12.2%	0.0%
IV Percentile	6.4%	0.0%	14.3%	13.9%	0.0%
Term Structure	1.2%	-3.0%	7.6%	-0.2%	7.6%
VWIV	81.0%	67.1%	89.6%	89.5%	67.1%
Skew 25d	-6.7%	-10.6%	-3.4%	-10.6%	-3.8%
Skew 10d	-8.7%	-54.3%	24.2%	2.0%	2.4%
Call IV 25d	80.8%	67.8%	90.5%	85.5%	67.8%
Put IV 25d	74.1%	64.0%	83.5%	74.9%	64.0%
Bid-Ask Spread %	15.89	5.05	43.81	41.20	7.06
Gamma HHI	0.08	0.07	0.10	0.08	0.10
Net GEX	1.8M	480.7K	4.3M	1.9M	480.7K
Net DEX	-104.5M	-224.2M	-16.3M	-126.9M	-16.3M
Net VEX	-1.1M	-1.3M	-811.2K	-1.2M	-811.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.35	0.20	0.57	0.43	0.35
Total Volume	54,210.636	28,627	112,122	53,771	46,303
Total OI	812,462.773	747,989	877,191	760,504	765,587

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
2025-12-01	$11.71	$13.00	83.3%	24.1%	72.4%	12.2%	89.5%	-10.6%	-0.2%	1.9M	-126.9M	-1.2M	0.43	41.20	N/A	N/A	37,634	16,137	546,487	214,017
2025-12-02	$11.32	$13.00	80.3%	24.0%	72.6%	9.8%	88.9%	-7.2%	-1.8%	1.4M	-103.5M	-1.1M	0.29	41.95	N/A	N/A	37,039	10,602	565,349	222,686
2025-12-03	$11.64	$13.00	81.1%	23.8%	62.8%	10.5%	89.6%	-4.5%	2.3%	2.0M	-121.4M	-1.2M	0.23	43.81	N/A	N/A	36,912	8,523	577,041	225,952
2025-12-04	$12.79	$12.00	81.0%	23.8%	72.4%	10.3%	86.9%	-7.5%	-1.4%	4.3M	-224.2M	-1.3M	0.29	13.55	N/A	N/A	86,645	25,477	589,059	228,591
2025-12-05	$12.77	$12.00	79.7%	23.8%	69.1%	9.4%	86.6%	-8.5%	1.9%	3.2M	-224.2M	-1.3M	0.40	15.93	N/A	N/A	50,307	20,146	608,094	235,927
2025-12-08	$12.66	$12.00	79.4%	24.0%	68.7%	9.1%	87.2%	-9.1%	7.6%	3.2M	-198.4M	-1.3M	0.33	8.09	N/A	N/A	40,986	13,468	574,372	221,156
2025-12-09	$12.41	$12.00	81.2%	22.9%	68.0%	10.5%	82.7%	-10.4%	-3.0%	3.1M	-175.5M	-1.3M	0.48	12.56	N/A	N/A	37,845	18,107	590,721	228,656
2025-12-10	$12.11	$12.00	79.4%	23.0%	65.1%	9.1%	86.7%	-5.1%	2.0%	2.4M	-149.2M	-1.2M	0.28	32.71	N/A	N/A	33,535	9,404	606,658	240,831
2025-12-11	$11.98	$12.00	78.1%	22.7%	65.0%	8.0%	85.2%	-6.7%	1.2%	2.2M	-136.3M	-1.2M	0.22	13.96	N/A	N/A	46,112	10,253	615,197	244,441
2025-12-12	$11.72	$12.00	75.3%	22.0%	57.7%	5.8%	80.8%	-8.4%	2.6%	2.1M	-123.4M	-1.2M	0.36	10.89	N/A	N/A	52,905	18,810	619,923	246,565
2025-12-15	$10.79	$12.00	76.9%	22.2%	64.4%	7.1%	81.3%	-8.3%	-2.4%	1.0M	-57.3M	-1.0M	0.44	7.16	N/A	N/A	50,378	22,250	579,830	230,424
2025-12-16	$11.07	$12.00	74.1%	21.3%	60.9%	4.9%	79.5%	-7.1%	-0.1%	1.4M	-71.0M	-1.0M	0.38	8.74	N/A	N/A	27,033	10,252	594,977	239,960
2025-12-17	$11.14	$12.00	76.1%	21.8%	60.5%	6.4%	79.9%	-4.9%	-0.6%	1.8M	-77.8M	-1.1M	0.31	6.98	N/A	N/A	33,731	10,488	604,242	242,450
2025-12-18	$10.93	$12.00	75.1%	21.6%	60.7%	5.7%	82.6%	-8.2%	-0.3%	1.3M	-62.8M	-1.0M	0.47	7.07	N/A	N/A	35,108	16,353	613,303	245,181
2025-12-19	$10.96	$12.00	73.7%	21.4%	60.7%	4.5%	81.4%	-9.2%	-0.9%	1.3M	-66.3M	-1.0M	0.31	5.05	N/A	N/A	52,901	16,576	625,833	251,358
2025-12-22	$11.29	$12.00	70.2%	20.4%	60.3%	1.8%	78.9%	-5.7%	-1.0%	2.0M	-97.7M	-1.1M	0.23	8.02	N/A	N/A	57,222	13,442	549,901	218,075
2025-12-23	$10.93	$12.00	68.2%	19.5%	55.2%	0.1%	73.7%	-3.5%	0.9%	1.5M	-66.8M	-984.5K	0.44	24.11	N/A	N/A	22,991	10,079	572,873	223,996
2025-12-24	$10.93	$12.00	68.1%	19.3%	54.5%	0.1%	75.9%	-5.9%	0.6%	1.5M	-69.8M	-987.0K	0.20	8.63	N/A	N/A	23,822	4,805	577,375	224,573
2025-12-26	$10.61	$12.00	66.8%	18.6%	55.1%	0.0%	75.1%	-5.0%	4.7%	804.4K	-52.2M	-938.2K	0.57	7.10	N/A	N/A	25,448	14,606	577,941	224,977
2025-12-29	$10.34	$12.00	64.7%	18.9%	55.5%	0.0%	72.2%	-4.4%	5.1%	935.9K	-44.8M	-888.2K	0.32	9.94	N/A	N/A	36,152	11,524	532,268	215,721
2025-12-30	$10.11	$12.00	65.2%	18.2%	55.6%	0.6%	70.8%	-3.4%	2.7%	862.9K	-32.3M	-868.2K	0.38	15.04	N/A	N/A	29,261	11,062	542,301	219,312
2025-12-31	$9.91	$12.00	61.7%	17.8%	54.9%	0.0%	67.1%	-3.8%	7.6%	480.7K	-16.3M	-811.2K	0.35	7.06	N/A	N/A	34,316	11,987	546,605	218,982