SLV Options History — April 2014

In April 2014, SLV traded between $18.46 and $19.27. ATM implied volatility averaged 22.8%, placing in the 4.8% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 9.7% (HV 20d: 13.1%). Max pain ranged from $18.00 to $19.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.48.

Notable Days

  • 2014-04-24: Highest Volume — 187,753 contracts
  • 2014-04-30: Largest IV spike — 7.3% change
  • 2014-04-15: Highest IV Rank — 10.2%
  • 2014-04-02: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.96$18.46$19.27$19.06$18.46
Max Pain$18.95$18.00$19.00$19.00$18.00
ATM IV22.8%21.3%24.2%23.1%22.9%
Expected Move7.3%6.8%7.6%7.6%6.9%
HV 20d13.1%10.2%18.9%18.6%12.1%
HV 60d21.2%19.9%22.5%22.4%20.1%
IV Rank4.8%0.0%10.2%8.1%7.6%
IV Percentile2.3%0.0%5.6%2.4%4.8%
Term Structure-0.0%-0.5%0.5%0.2%-0.3%
VWIV26.4%24.2%28.7%28.2%25.4%
Skew 25d-0.6%-1.5%0.5%-0.7%-0.1%
Skew 10d-1.3%-3.1%0.5%-1.0%-0.1%
Call IV 25d23.9%21.9%25.5%24.4%23.9%
Put IV 25d23.3%22.0%24.6%23.7%23.8%
Bid-Ask Spread %6.595.319.107.535.36
Gamma HHI0.080.070.110.070.08
Net GEX19.7M14.0M27.5M20.5M14.0M
Net DEX-56.9M-161.8M52.8M-50.7M52.8M
Net VEX-8.3M-8.8M-7.7M-8.6M-8.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.120.870.620.56
Total Volume75,240.90533,665187,75357,790110,256
Total OI2,922,933.4762,594,4253,109,0402,978,1082,853,696

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-04-01$19.06$19.0023.1%7.6%18.6%8.1%28.2%-0.7%0.2%20.5M-50.7M-8.6M0.627.5335,63022,1602,276,138701,970
2014-04-02$19.19$19.0022.6%7.6%18.9%6.6%28.7%-1.1%0.2%22.6M-127.6M-8.8M0.489.1035,58317,0862,288,109709,308
2014-04-03$19.06$19.0022.1%7.6%17.8%5.0%26.4%-1.2%0.2%18.6M-47.8M-8.6M0.637.0220,60913,0562,307,237717,240
2014-04-04$19.16$19.0022.6%7.6%15.5%6.6%27.7%-1.4%0.4%21.7M-113.2M-8.7M0.538.0853,98328,5192,310,185723,102
2014-04-07$19.13$19.0022.6%7.6%15.5%6.5%27.7%-0.9%0.1%20.5M-72.2M-8.5M0.306.4041,70312,4152,293,127718,407
2014-04-08$19.23$19.0022.7%7.6%15.7%6.4%28.4%-0.8%0.0%22.6M-129.9M-8.7M0.127.7073,0828,8342,307,449724,019
2014-04-09$19.11$19.0022.8%7.6%13.1%4.3%27.1%-0.9%-0.4%19.2M-69.9M-8.6M0.695.4533,11522,7052,324,780727,216
2014-04-10$19.27$19.0023.2%7.5%13.7%5.8%26.1%-1.5%-0.5%24.6M-161.8M-8.8M0.137.0179,66310,0872,334,367734,957
2014-04-11$19.19$19.0023.1%7.5%12.4%3.3%26.6%-1.5%-0.0%20.0M-137.3M-8.8M0.266.9952,00513,6152,354,722738,543
2014-04-14$19.21$19.0023.4%7.4%11.8%4.3%26.4%-1.3%0.1%18.2M-112.2M-8.6M0.336.8729,0649,5582,313,783731,757
2014-04-15$18.88$19.0024.2%7.3%12.1%10.2%26.2%-1.0%0.4%14.3M50.1M-8.2M0.876.7552,90445,7982,326,530734,063
2014-04-16$18.88$19.0023.2%7.2%11.7%5.4%25.9%-0.4%0.5%17.7M34.1M-8.2M0.267.1647,15812,3992,339,346745,679
2014-04-17$18.88$19.0022.5%7.2%10.9%1.9%25.0%-0.1%0.3%20.3M39.9M-8.1M0.785.9538,38629,9832,360,144748,896
2014-04-21$18.67$19.0023.1%7.2%11.4%4.8%26.5%0.5%-0.4%16.8M-761.7K-7.7M0.695.4437,05925,4082,012,073582,352
2014-04-22$18.71$19.0023.8%7.2%10.3%8.5%26.7%0.2%-0.4%17.5M-21.9M-7.8M0.485.5353,24225,7732,025,645597,191
2014-04-23$18.69$19.0022.6%7.1%10.2%2.2%27.0%0.2%-0.2%19.0M-15.5M-7.7M0.695.3133,66823,2492,055,712606,174
2014-04-24$18.92$19.0022.5%7.1%10.7%1.8%25.2%0.1%-0.3%22.2M-103.7M-8.0M0.366.33137,75849,9952,078,510614,336
2014-04-25$18.94$19.0021.8%7.0%10.7%0.0%24.6%-0.3%-0.3%27.5M-114.4M-8.3M0.506.7874,37837,5362,125,911642,797
2014-04-28$18.85$19.0021.8%6.9%10.8%0.3%24.4%-0.5%0.2%18.4M-64.7M-8.2M0.545.9338,50820,7142,126,909654,228
2014-04-29$18.76$19.0021.3%6.8%10.9%0.0%24.2%0.1%-0.1%17.4M-27.9M-8.1M0.255.6358,84514,5702,152,494662,501
2014-04-30$18.46$18.0022.9%6.9%12.1%7.6%25.4%-0.1%-0.3%14.0M52.8M-8.0M0.565.3670,62739,6292,187,087666,609