SLV Options History — February 2009

Name: SLV Options Analytics - February 2009
Creator: Options Analysis Suite

In February 2009, SLV traded between $12.21 and $14.34. ATM implied volatility averaged 47.9%. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 13.8% (HV 20d: 34.2%). Max pain ranged from $11.00 to $13.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 0.29.

Notable Days

2009-02-19: Highest Volume — 31,928 contracts
2009-02-12: Largest IV spike — 30.1% change
2009-02-24: Largest Expected Move — 15.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.27	$12.21	$14.34	$12.21	$12.88
Max Pain	$11.63	$11.00	$13.00	$11.00	$11.00
ATM IV	47.9%	38.6%	52.8%	47.1%	49.2%
Expected Move	14.1%	12.7%	15.1%	13.5%	14.1%
HV 20d	34.2%	26.5%	43.4%	43.4%	36.9%
HV 60d	40.6%	39.5%	41.7%	40.8%	41.4%
Term Structure	2.2%	-0.6%	6.4%	6.4%	3.8%
VWIV	50.3%	45.3%	55.0%	48.4%	50.4%
Skew 25d	-1.5%	-6.7%	3.1%	0.0%	-1.3%
Skew 10d	-1.2%	-7.5%	8.5%	0.6%	0.4%
Call IV 25d	51.9%	47.3%	56.4%	50.7%	51.6%
Put IV 25d	50.4%	45.8%	56.1%	50.7%	50.3%
Bid-Ask Spread %	13.96	8.36	23.13	17.12	11.61
Gamma HHI	0.27	0.17	0.43	0.24	0.17
Net GEX	2.0M	1.3M	2.9M	1.3M	1.8M
Net DEX	-71.4M	-112.3M	-39.2M	-39.2M	-60.9M
Net VEX	-292.1K	-417.0K	-207.5K	-207.5K	-417.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.29	0.10	0.63	0.30	0.28
Total Volume	17,184.842	5,242	31,928	11,567	17,948
Total OI	160,762.368	111,774	220,288	111,774	220,288

Daily Data (19 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 Vol	Put Vol	Call OI	Put OI
2009-02-02	$12.21	$11.00	47.1%	13.5%	43.4%	0.0%	48.4%	0.0%	6.4%	1.3M	-39.2M	-207.5K	0.30	17.12	8,874	2,693	82,189	29,585
2009-02-03	$12.32	$11.00	47.3%	13.6%	41.9%	0.0%	50.7%	0.8%	5.4%	1.4M	-41.5M	-209.9K	0.38	19.72	6,742	2,593	86,257	31,348
2009-02-04	$12.42	$11.00	44.4%	12.7%	41.5%	0.0%	45.3%	-1.8%	6.0%	1.3M	-44.1M	-214.1K	0.10	16.19	4,777	465	85,504	32,296
2009-02-05	$12.75	$11.00	45.5%	13.0%	38.1%	0.0%	46.3%	3.1%	3.3%	1.5M	-51.5M	-219.8K	0.58	12.32	6,701	3,855	87,525	32,509
2009-02-06	$12.91	$11.00	42.8%	13.9%	38.1%	0.0%	48.9%	-1.8%	2.6%	1.7M	-54.2M	-230.9K	0.24	10.92	8,239	1,942	91,480	35,824
2009-02-09	$12.72	$11.00	45.7%	13.8%	39.0%	0.0%	47.5%	-1.9%	2.1%	1.8M	-51.1M	-226.2K	0.14	23.13	6,422	882	94,584	36,879
2009-02-10	$12.98	$11.00	44.3%	14.0%	31.4%	0.0%	49.6%	0.3%	1.9%	2.1M	-60.1M	-234.5K	0.25	16.57	19,410	4,839	98,067	37,182
2009-02-11	$13.34	$12.00	38.6%	14.0%	32.0%	0.0%	49.7%	-2.1%	0.8%	2.6M	-79.2M	-249.1K	0.10	19.10	20,536	2,098	112,100	40,456
2009-02-12	$13.33	$12.00	50.2%	14.4%	30.9%	0.0%	50.0%	-2.1%	1.3%	2.7M	-83.2M	-277.4K	0.24	18.22	9,898	2,370	121,433	40,134
2009-02-13	$13.54	$12.00	46.5%	13.3%	30.7%	0.0%	47.3%	-3.1%	3.9%	2.4M	-84.2M	-272.7K	0.12	13.07	9,563	1,194	117,402	41,805
2009-02-17	$13.99	$12.00	52.2%	15.0%	27.0%	0.0%	55.0%	0.8%	-0.1%	2.2M	-97.3M	-277.4K	0.56	13.24	18,082	10,101	119,715	42,612
2009-02-18	$14.17	$12.00	50.2%	14.4%	26.5%	0.0%	52.0%	-6.7%	1.0%	2.4M	-105.3M	-310.3K	0.25	11.25	11,044	2,793	128,278	50,597
2009-02-19	$13.89	$12.00	50.9%	14.6%	28.9%	0.0%	52.8%	-2.3%	0.0%	2.9M	-97.2M	-322.3K	0.22	11.82	26,106	5,822	133,626	52,402
2009-02-20	$14.25	$12.00	51.5%	14.8%	29.3%	0.0%	52.9%	-3.8%	0.2%	2.7M	-112.3M	-345.7K	0.15	9.85	22,151	3,302	143,065	54,634
2009-02-23	$14.34	$12.00	51.5%	14.8%	26.6%	0.0%	54.5%	-2.7%	0.5%	2.0M	-90.0M	-365.9K	0.28	10.14	13,866	3,916	130,531	47,566
2009-02-24	$13.61	$13.00	52.8%	15.1%	34.5%	0.0%	52.2%	-0.8%	-0.6%	1.9M	-72.6M	-377.1K	0.33	12.49	16,781	5,565	137,925	50,131
2009-02-25	$13.49	$12.00	51.5%	14.8%	34.7%	0.0%	51.8%	1.7%	0.2%	1.9M	-74.0M	-392.4K	0.43	8.36	9,757	4,239	147,060	53,060
2009-02-26	$12.97	$12.00	49.0%	14.0%	38.3%	0.0%	49.6%	-4.2%	2.4%	1.8M	-58.9M	-400.3K	0.63	10.03	19,026	11,920	153,148	55,288
2009-02-27	$12.88	$11.00	49.2%	14.1%	36.9%	0.0%	50.4%	-1.3%	3.8%	1.8M	-60.9M	-417.0K	0.28	11.61	14,054	3,894	162,335	57,953