SLV Options History — May 2013

In May 2013, SLV traded between $21.40 and $23.29. ATM implied volatility averaged 32.7%, placing in the 47.7% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 7.0% (HV 20d: 39.7%). Max pain ranged from $22.00 to $24.50. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.99.

Notable Days

  • 2013-05-15: Highest Volume — 306,738 contracts
  • 2013-05-15: Largest IV spike — 22.6% change
  • 2013-05-22: Highest IV Rank — 67.6%
  • 2013-05-22: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.30$21.40$23.29$22.86$21.44
Max Pain$23.05$22.00$24.50$23.00$22.00
ATM IV32.7%28.0%39.3%33.7%32.3%
Expected Move9.4%8.0%11.2%9.6%9.4%
HV 20d39.7%25.0%59.3%59.1%28.5%
HV 60d37.0%36.1%38.2%36.2%38.2%
IV Rank47.7%33.5%67.6%50.6%46.6%
IV Percentile81.6%60.7%97.6%91.3%83.3%
Term Structure-1.6%-4.6%0.1%-2.4%-0.8%
VWIV33.5%27.8%39.2%35.3%32.0%
Skew 25d5.7%3.9%8.4%5.3%5.7%
Skew 10d10.6%6.9%15.8%10.1%10.5%
Call IV 25d30.9%26.7%36.9%32.2%30.9%
Put IV 25d36.6%30.6%44.3%37.5%36.5%
Bid-Ask Spread %7.004.9720.016.467.38
Gamma HHI0.070.050.250.050.09
Net GEX-4.5M-25.3M2.1M-1.9M-5.9M
Net DEX732.7M573.2M1.12B711.5M768.7M
Net VEX-8.6M-9.4M-7.8M-8.6M-8.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.511.951.000.79
Total Volume131,464.68249,228306,738177,774110,971
Total OI3,013,662.0912,860,3483,180,3412,886,9763,139,171

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-05-01$22.86$23.0033.7%9.6%59.1%50.6%35.3%5.3%-2.4%-1.9M711.5M-8.6M1.006.4689,01088,7641,921,824965,152
2013-05-02$23.02$23.0030.8%8.9%59.3%42.1%32.0%4.4%-0.6%-136.3K673.6M-8.8M0.805.3952,02141,5331,948,023994,062
2013-05-03$23.29$23.0028.6%8.2%59.1%35.5%31.3%4.1%0.1%476.0K597.2M-8.9M0.805.6568,09254,3071,951,5661,004,287
2013-05-06$23.18$24.5028.0%8.0%59.1%33.5%27.8%3.9%-0.5%196.5K641.5M-8.6M1.115.6823,29725,9311,928,646961,838
2013-05-07$23.10$24.5029.2%8.3%57.8%37.1%29.8%4.6%-1.2%-924.8K673.1M-8.4M1.035.6447,53849,0881,938,268971,770
2013-05-08$23.12$23.5028.7%8.2%57.9%35.8%29.0%4.1%-0.7%-123.0K664.1M-8.5M1.095.6729,99732,5671,953,445982,937
2013-05-09$22.89$23.5028.8%8.3%57.8%36.0%29.5%4.6%-1.1%-3.9M737.7M-8.2M1.255.6841,70951,9681,957,412989,994
2013-05-10$22.98$23.5028.9%8.3%55.2%36.4%31.8%5.4%-1.2%-1.5M717.7M-8.2M0.916.1686,72378,6661,966,9541,008,005
2013-05-13$22.83$23.0029.3%8.4%26.2%37.6%32.7%5.1%-1.1%-3.0M739.5M-8.2M1.015.0743,54844,1851,962,824980,698
2013-05-14$22.57$23.0031.1%8.9%25.0%42.8%33.5%6.4%-1.4%-5.3M773.0M-8.6M0.895.1843,06838,5201,986,1341,000,306
2013-05-15$21.76$22.5038.1%10.9%28.0%63.9%38.6%8.4%-3.7%-10.7M982.8M-7.8M1.955.44103,807202,9312,003,9991,011,805
2013-05-16$21.95$0.0032.9%9.5%28.2%48.3%33.6%6.8%-1.1%-15.1M970.1M-8.4M1.5920.0157,77092,0382,039,1051,101,772
2013-05-17$21.40$22.0034.5%10.0%29.5%53.2%35.4%7.5%-1.3%-25.3M1.12B-7.9M1.2310.0364,78379,6692,045,5481,134,793
2013-05-20$22.28$23.5035.9%10.1%32.9%57.4%37.1%6.1%-2.6%-3.3M575.4M-9.3M0.957.15144,615137,5531,881,279979,069
2013-05-21$21.62$23.5037.9%10.7%33.9%63.4%36.5%6.6%-4.1%-6.4M742.8M-8.6M0.517.25125,31863,3371,935,8191,029,966
2013-05-22$21.51$23.5039.3%11.2%33.6%67.6%39.2%7.0%-4.6%-5.4M732.6M-9.1M0.606.19131,33078,8911,989,7821,059,142
2013-05-23$21.88$23.0036.1%10.3%29.3%57.9%37.1%6.5%0.1%-976.2K621.7M-9.4M0.745.7071,46053,0962,034,6201,075,515
2013-05-24$21.61$23.0035.4%10.1%29.1%55.8%35.3%6.0%-0.0%-3.7M708.9M-9.0M0.784.9735,64727,7222,064,0051,091,527
2013-05-28$21.53$22.5034.9%10.0%27.9%54.3%36.0%6.3%-3.1%-5.1M719.8M-8.8M0.788.7157,36444,5052,019,8691,041,853
2013-05-29$21.71$22.0033.0%9.5%28.3%48.7%32.6%5.9%-3.1%-3.4M679.7M-8.8M0.837.2830,34425,3252,047,2491,064,210
2013-05-30$21.98$22.0031.4%9.0%27.5%43.8%31.9%4.5%-0.8%2.1M573.2M-9.1M1.067.4059,90263,3132,061,8471,074,476
2013-05-31$21.44$22.0032.3%9.4%28.5%46.6%32.0%5.7%-0.8%-5.9M768.7M-8.6M0.797.3862,07548,8962,080,0281,059,143