SLV Options History — June 2009

In June 2009, SLV traded between $13.38 and $15.75. ATM implied volatility averaged 37.5%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 0.9% (HV 20d: 36.5%). Max pain ranged from $13.00 to $14.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.49.

Notable Days

  • 2009-06-19: Highest Volume — 56,869 contracts
  • 2009-06-25: Largest IV drop — 8.8% change
  • 2009-06-15: Highest IV Rank — 23.4%
  • 2009-06-10: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.41$13.38$15.75$15.35$13.38
Max Pain$13.86$13.00$14.00$13.00$14.00
ATM IV37.5%33.1%40.3%37.5%33.6%
Expected Move10.9%9.5%11.9%10.7%9.6%
HV 20d36.5%24.2%42.2%26.1%36.7%
HV 60d35.0%32.8%36.2%32.8%36.1%
IV Rank14.6%3.0%23.4%16.3%4.4%
IV Percentile16.0%0.7%29.5%19.0%3.6%
Term Structure1.6%-0.6%4.5%-0.6%-0.4%
VWIV38.7%33.6%42.3%38.4%33.6%
Skew 25d-1.2%-4.6%5.2%0.1%5.2%
Skew 10d0.1%-8.7%17.2%-6.3%17.2%
Call IV 25d39.9%31.9%44.2%39.6%31.9%
Put IV 25d38.8%35.2%41.5%39.6%37.1%
Bid-Ask Spread %8.285.8513.5413.175.85
Gamma HHI0.140.130.210.140.14
Net GEX4.5M2.9M6.7M5.6M2.9M
Net DEX-186.3M-325.6M-71.1M-282.4M-71.1M
Net VEX-2.2M-2.3M-2.1M-2.1M-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.121.640.251.40
Total Volume26,318.9556,25756,86935,93125,548
Total OI830,049.955729,459879,481729,459854,963

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-06-01$15.35$13.0037.5%10.7%26.1%0.0%38.4%0.1%-0.6%5.6M-282.4M-2.1M0.2513.1728,8307,101462,282267,177
2009-06-02$15.75$13.0040.0%11.5%24.2%0.0%38.1%-1.6%1.1%6.1M-324.1M-2.2M0.1313.2339,4655,228475,967272,293
2009-06-03$15.14$13.0038.3%11.0%29.4%0.0%38.7%-2.5%-0.3%6.0M-270.7M-2.2M0.4511.2326,32011,737496,567275,499
2009-06-04$15.63$14.0039.8%11.4%29.7%0.0%40.4%-2.0%0.6%6.2M-325.6M-2.3M1.6413.5419,57532,074505,990282,481
2009-06-05$15.01$14.0037.0%11.5%34.2%0.0%40.8%-2.9%2.4%4.8M-253.6M-2.3M0.248.9420,7974,912512,970307,686
2009-06-08$14.76$14.0037.3%11.6%34.9%0.0%41.2%-3.6%3.2%4.6M-222.8M-2.3M0.307.3918,5505,492516,657309,872
2009-06-09$15.03$14.0036.0%11.7%35.1%0.0%40.4%-2.6%1.0%5.2M-256.7M-2.3M0.337.529,8993,275523,284311,012
2009-06-10$15.01$14.0037.8%11.9%34.7%16.3%39.5%-0.3%0.5%5.2M-251.3M-2.3M0.129.2015,4221,792525,453312,222
2009-06-11$15.13$14.0039.7%11.4%34.0%21.7%40.6%0.2%1.7%5.4M-268.5M-2.3M0.8110.4214,74912,008527,663312,676
2009-06-12$14.63$14.0039.7%11.4%36.6%21.6%40.0%-2.3%3.1%4.9M-214.5M-2.3M0.626.5817,68510,980533,218311,108
2009-06-15$13.83$14.0040.3%11.6%42.2%23.4%41.4%-4.6%2.5%3.7M-130.1M-2.1M0.427.0134,71014,510539,835311,546
2009-06-16$13.99$14.0040.1%11.5%42.0%22.7%42.3%-2.3%3.0%3.9M-144.0M-2.2M0.306.3314,6644,403548,639318,324
2009-06-17$14.12$14.0038.9%11.2%40.8%19.4%40.9%-4.3%4.5%4.3M-161.2M-2.3M0.766.6010,1267,677554,878320,127
2009-06-18$13.97$14.0039.1%11.2%40.9%19.8%39.6%-3.0%2.4%4.1M-146.1M-2.2M1.087.496,4877,005556,527322,954
2009-06-19$13.99$14.0037.3%10.7%40.4%14.9%37.8%0.4%1.4%6.7M-133.3M-2.1M0.617.4135,40321,466553,127323,642
2009-06-22$13.54$14.0037.0%10.6%41.6%14.0%37.2%-2.0%2.3%2.9M-91.7M-2.1M0.246.6218,6364,480531,173293,858
2009-06-23$13.62$14.0035.9%10.3%41.7%11.0%35.1%-0.9%1.0%3.2M-98.8M-2.1M0.246.5910,5532,530536,562295,892
2009-06-24$13.68$14.0036.8%10.5%41.5%13.4%39.0%-0.7%0.4%3.5M-104.7M-2.1M0.146.8413,1351,814540,080295,964
2009-06-25$13.81$14.0033.6%9.6%40.6%4.3%35.9%-0.1%2.3%3.5M-117.7M-2.2M0.167.116,4541,011541,895296,962
2009-06-26$13.90$14.0035.4%10.2%38.1%9.6%35.6%2.2%0.5%3.8M-124.2M-2.1M0.226.745,1141,143542,549297,377
2009-06-29$13.66$14.0033.1%9.5%38.3%3.0%34.6%2.4%1.8%3.3M-105.5M-2.1M0.326.4319,9566,301544,261297,887
2009-06-30$13.38$14.0033.6%9.6%36.7%4.4%33.6%5.2%-0.4%2.9M-71.1M-2.1M1.405.8510,62714,921552,666302,297