SLV Options History — October 2013

In October 2013, SLV traded between $20.42 and $21.88. ATM implied volatility averaged 32.8%, placing in the 44.7% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 1.3% (HV 20d: 31.6%). Max pain ranged from $21.00 to $21.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.52.

Notable Days

2013-10-02: Highest Volume — 162,152 contracts
2013-10-10: Largest IV drop — 4.5% change
2013-10-09: Highest IV Rank — 56.6%
2013-10-14: Largest Expected Move — 9.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.19	$20.42	$21.88	$20.42	$21.10
Max Pain	$21.00	$21.00	$21.00	$21.00	$21.00
ATM IV	32.8%	28.6%	36.5%	35.7%	29.1%
Expected Move	8.7%	8.4%	9.0%	8.9%	8.5%
HV 20d	31.6%	20.1%	43.1%	42.6%	24.3%
HV 60d	35.2%	34.3%	37.1%	36.8%	35.5%
IV Rank	44.7%	31.2%	56.6%	53.9%	32.8%
IV Percentile	68.5%	45.2%	88.5%	85.7%	47.2%
Term Structure	-0.7%	-2.3%	0.9%	-1.4%	0.1%
VWIV	30.7%	29.1%	31.6%	31.0%	29.8%
Skew 25d	0.8%	-0.2%	2.1%	2.1%	0.8%
Skew 10d	1.3%	-1.3%	3.7%	3.7%	3.4%
Call IV 25d	33.5%	29.5%	37.5%	35.9%	29.5%
Put IV 25d	34.4%	29.7%	38.1%	38.0%	30.3%
Bid-Ask Spread %	7.67	5.66	12.56	12.56	7.26
Gamma HHI	0.08	0.06	0.13	0.06	0.08
Net GEX	22.6M	12.6M	32.8M	15.6M	15.6M
Net DEX	-35.8M	-325.9M	270.3M	220.6M	53.2M
Net VEX	-9.7M	-10.5M	-9.0M	-9.6M	-9.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.27	0.83	0.64	0.65
Total Volume	86,323.174	49,940	162,152	158,161	109,388
Total OI	3,357,711.391	3,046,676	3,544,479	3,438,292	3,180,063

Daily Data (23 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
2013-10-01	$20.42	$21.00	35.7%	8.9%	42.6%	53.9%	31.0%	2.1%	-1.4%	15.6M	220.6M	-9.6M	0.64	12.56	96,191	61,970	2,537,944	900,348
2013-10-02	$20.92	$21.00	34.9%	8.7%	43.0%	51.3%	29.9%	1.3%	-1.3%	22.9M	21.4M	-10.0M	0.40	9.24	115,919	46,233	2,571,120	918,122
2013-10-03	$20.92	$21.00	35.0%	8.8%	42.9%	51.9%	30.4%	0.9%	-1.3%	22.3M	47.4M	-9.9M	0.41	8.15	37,949	15,654	2,573,505	934,416
2013-10-04	$20.93	$21.00	34.5%	8.8%	41.5%	50.0%	30.4%	0.9%	-1.2%	24.4M	54.3M	-9.9M	0.65	7.18	30,334	19,606	2,583,453	937,233
2013-10-07	$21.53	$21.00	35.8%	8.7%	43.1%	54.3%	30.5%	0.5%	-1.6%	27.6M	-208.3M	-10.5M	0.60	7.50	65,858	39,682	2,545,422	920,182
2013-10-08	$21.49	$21.00	36.4%	8.8%	41.8%	56.1%	30.9%	0.3%	-2.3%	27.6M	-193.6M	-10.5M	0.40	7.18	49,694	19,641	2,561,069	936,603
2013-10-09	$21.05	$21.00	36.5%	8.8%	42.2%	56.6%	31.0%	0.7%	-1.5%	21.3M	11.3M	-10.1M	0.55	12.16	67,256	37,283	2,564,806	940,488
2013-10-10	$20.83	$21.00	34.9%	8.8%	37.2%	51.2%	31.3%	0.9%	-0.5%	17.6M	122.3M	-9.7M	0.36	9.61	50,192	18,059	2,577,570	950,371
2013-10-11	$20.52	$21.00	34.7%	8.9%	37.0%	50.6%	31.1%	1.4%	-0.6%	14.0M	254.4M	-9.3M	0.76	7.26	63,410	48,137	2,584,390	953,074
2013-10-14	$20.50	$21.00	34.7%	9.0%	36.2%	50.8%	31.6%	1.9%	-1.2%	13.8M	252.7M	-9.2M	0.52	7.09	34,184	17,624	2,567,870	941,369
2013-10-15	$20.56	$21.00	34.0%	8.8%	36.2%	48.4%	31.0%	1.7%	-1.3%	13.5M	250.8M	-9.2M	0.74	8.77	38,902	28,894	2,570,978	943,324
2013-10-16	$20.50	$21.00	32.9%	8.8%	27.4%	45.0%	30.9%	0.8%	-0.6%	12.6M	270.3M	-9.1M	0.52	7.61	49,770	25,850	2,581,009	949,486
2013-10-17	$21.05	$21.00	32.0%	8.8%	29.4%	42.1%	30.9%	0.1%	0.8%	23.3M	34.8M	-9.5M	0.31	6.35	85,879	26,828	2,580,659	947,313
2013-10-18	$21.11	$21.00	31.5%	8.8%	21.8%	40.4%	30.7%	-0.2%	0.9%	29.4M	-18.1M	-9.4M	0.51	6.10	43,570	22,360	2,594,794	949,685
2013-10-21	$21.41	$21.00	31.9%	8.7%	22.0%	41.9%	31.1%	0.6%	-1.0%	21.3M	-137.6M	-9.6M	0.43	6.21	57,790	24,872	2,248,214	798,462
2013-10-22	$21.87	$21.00	31.4%	8.7%	23.0%	40.3%	30.8%	0.4%	-0.6%	27.4M	-315.3M	-9.9M	0.30	5.69	93,233	27,806	2,265,857	806,378
2013-10-23	$21.75	$21.00	30.9%	8.7%	23.2%	38.6%	30.3%	1.5%	-0.9%	29.5M	-273.7M	-9.8M	0.83	6.51	35,190	29,105	2,307,931	809,500
2013-10-24	$21.87	$21.00	30.4%	8.6%	23.2%	36.9%	30.9%	0.8%	-0.8%	32.8M	-325.9M	-9.9M	0.57	5.66	37,834	21,676	2,323,669	818,683
2013-10-25	$21.71	$21.00	30.1%	8.6%	23.4%	35.9%	31.0%	-0.1%	-0.5%	26.2M	-268.8M	-9.8M	0.53	5.78	57,827	30,535	2,331,727	825,186
2013-10-28	$21.68	$21.00	29.7%	8.6%	23.4%	34.8%	31.0%	0.8%	0.2%	26.1M	-206.5M	-9.6M	0.46	6.07	34,557	15,925	2,306,748	810,908
2013-10-29	$21.69	$21.00	29.3%	8.4%	21.4%	33.6%	29.1%	0.7%	-0.1%	25.9M	-196.6M	-9.6M	0.27	7.27	46,391	12,408	2,312,954	818,149
2013-10-30	$21.88	$21.00	28.6%	8.5%	20.1%	31.2%	30.0%	0.1%	-0.3%	28.9M	-271.9M	-9.7M	0.62	9.08	58,080	35,887	2,323,898	822,432
2013-10-31	$21.10	$21.00	29.1%	8.5%	24.3%	32.8%	29.8%	0.8%	0.1%	15.6M	53.2M	-9.0M	0.65	7.26	66,471	42,917	2,342,285	837,778