SOUN Options History — January 2026

In January 2026, SOUN traded between $8.41 and $11.68. ATM implied volatility averaged 73.5%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 19.9%. IV traded above realized volatility by 19.1% (HV 20d: 54.4%). Max pain ranged from $10.00 to $12.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.42.

Notable Days

2026-01-14: Highest Volume — 161,661 contracts
2026-01-26: Largest IV spike — 10.6% change
2026-01-30: Highest IV Rank — 28.2%
2026-01-20: Largest Expected Move — 22.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.58	$8.41	$11.68	$10.57	$8.41
Max Pain	$10.80	$10.00	$12.00	$12.00	$10.00
ATM IV	73.5%	67.7%	85.3%	67.7%	85.3%
Expected Move	19.9%	19.1%	22.0%	19.2%	19.4%
HV 20d	54.4%	49.1%	64.6%	59.3%	64.6%
HV 60d	63.9%	61.4%	68.5%	68.1%	64.1%
IV Rank	14.1%	7.0%	28.2%	7.0%	28.2%
IV Percentile	11.2%	1.6%	32.1%	1.6%	32.1%
Term Structure	3.8%	-1.3%	15.9%	0.5%	-0.1%
VWIV	72.4%	69.0%	77.4%	69.2%	73.3%
Skew 25d	-5.8%	-21.9%	-2.3%	-3.5%	-3.6%
Skew 10d	-5.6%	-36.3%	41.8%	-1.7%	-21.0%
Call IV 25d	78.5%	70.7%	91.3%	70.7%	91.3%
Put IV 25d	72.6%	60.9%	87.7%	67.2%	87.7%
Bid-Ask Spread %	26.55	9.44	49.13	17.33	37.20
Gamma HHI	0.10	0.07	0.16	0.16	0.07
Net GEX	1.4M	-146.2K	2.5M	1.7M	304.7K
Net DEX	-61.7M	-141.4M	32.4M	-54.0M	32.4M
Net VEX	-945.2K	-1.1M	-814.2K	-871.5K	-814.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.20	0.76	0.26	0.74
Total Volume	72,759.65	43,069	161,661	70,775	70,525
Total OI	701,775.1	511,543	875,747	775,512	640,163

Daily Data (20 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
2026-01-02	$10.57	$12.00	67.7%	19.2%	59.3%	7.0%	69.2%	-3.5%	0.5%	1.7M	-54.0M	-871.5K	0.26	17.33	N/A	N/A	56,313	14,462	553,827	221,685
2026-01-05	$11.02	$10.00	70.3%	20.0%	49.9%	10.2%	72.5%	-4.7%	-1.1%	1.7M	-77.8M	-909.0K	0.28	9.44	N/A	N/A	59,270	16,444	534,947	215,823
2026-01-06	$11.25	$10.00	68.4%	19.9%	50.8%	8.0%	72.2%	-5.6%	4.9%	2.4M	-104.2M	-942.2K	0.39	21.60	N/A	N/A	34,529	13,376	556,321	221,460
2026-01-07	$11.05	$10.00	68.5%	19.9%	51.0%	8.1%	71.2%	-6.0%	1.8%	2.1M	-80.9M	-913.2K	0.36	12.00	N/A	N/A	33,093	11,789	562,774	225,384
2026-01-08	$11.00	$11.00	68.6%	19.7%	50.7%	8.2%	70.1%	-5.0%	-0.4%	2.1M	-76.5M	-902.6K	0.39	11.59	N/A	N/A	32,212	12,492	570,033	230,178
2026-01-09	$11.68	$11.00	69.4%	20.0%	55.3%	9.2%	71.6%	-4.9%	-1.1%	2.5M	-141.4M	-968.5K	0.22	25.28	N/A	N/A	126,857	27,620	576,388	235,717
2026-01-12	$11.63	$11.00	72.0%	20.8%	55.2%	12.3%	73.9%	-4.9%	1.7%	2.2M	-117.1M	-953.5K	0.20	15.57	N/A	N/A	69,130	13,849	555,009	221,115
2026-01-13	$11.09	$11.00	72.0%	20.4%	57.2%	12.3%	73.9%	-7.6%	0.4%	1.7M	-77.4M	-914.4K	0.30	24.08	N/A	N/A	49,866	14,956	575,445	227,898
2026-01-14	$11.29	$11.00	71.1%	20.6%	49.1%	11.2%	74.2%	-21.9%	-1.3%	2.0M	-86.0M	-919.9K	0.76	11.46	N/A	N/A	91,735	69,926	592,180	234,194
2026-01-15	$11.02	$11.00	70.7%	20.2%	49.2%	10.7%	71.8%	-6.0%	0.2%	1.5M	-80.1M	-1.0M	0.48	18.40	N/A	N/A	33,944	16,170	612,244	251,511
2026-01-16	$11.16	$11.00	71.6%	20.3%	49.3%	11.8%	73.0%	-5.2%	-0.8%	1.2M	-95.5M	-1.1M	0.30	11.14	N/A	N/A	67,199	20,463	619,075	256,672
2026-01-20	$10.48	$11.00	76.8%	22.0%	53.8%	18.0%	77.4%	-4.1%	3.4%	928.8K	-52.1M	-969.7K	0.45	42.11	N/A	N/A	43,399	19,314	347,821	163,722
2026-01-21	$10.52	$11.00	71.6%	20.5%	53.9%	11.9%	75.3%	-7.1%	14.3%	999.3K	-55.9M	-998.0K	0.30	42.15	N/A	N/A	33,007	10,062	367,164	174,298
2026-01-22	$10.80	$11.00	72.5%	20.1%	53.6%	12.9%	73.1%	-5.7%	15.9%	1.4M	-72.2M	-1.0M	0.32	40.68	N/A	N/A	36,151	11,444	377,315	178,479
2026-01-23	$10.25	$11.00	71.5%	19.2%	55.5%	11.6%	70.9%	-3.6%	15.6%	939.3K	-36.1M	-969.8K	0.45	39.09	N/A	N/A	53,908	24,268	389,623	183,432
2026-01-26	$9.86	$11.00	79.1%	19.3%	56.9%	20.7%	71.7%	-4.9%	-1.2%	517.4K	-24.6M	-932.5K	0.42	29.91	N/A	N/A	47,949	20,134	369,589	178,687
2026-01-27	$9.91	$11.00	80.2%	19.2%	56.3%	22.1%	72.4%	-2.7%	6.6%	545.8K	-28.7M	-962.7K	0.66	28.88	N/A	N/A	47,400	31,321	389,159	190,909
2026-01-28	$9.66	$11.00	78.8%	19.1%	56.2%	20.4%	69.0%	-7.3%	11.3%	330.2K	-20.7M	-960.4K	0.45	49.13	N/A	N/A	40,088	17,889	404,574	201,105
2026-01-29	$9.04	$10.00	84.8%	19.2%	60.2%	27.6%	71.0%	-2.3%	5.6%	-146.2K	15.7M	-886.5K	0.59	43.94	N/A	N/A	39,377	23,262	418,644	210,938
2026-01-30	$8.41	$10.00	85.3%	19.4%	64.6%	28.2%	73.3%	-3.6%	-0.1%	304.7K	32.4M	-814.2K	0.74	37.20	N/A	N/A	40,542	29,983	428,101	212,062