SLV Options History — May 2014

In May 2014, SLV traded between $18.08 and $19.00. ATM implied volatility averaged 21.7%, placing in the 4.1% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 6.6% (HV 20d: 15.0%). Max pain ranged from $18.00 to $18.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.46.

Notable Days

  • 2014-05-02: Highest Volume — 105,331 contracts
  • 2014-05-27: Largest IV spike — 7.1% change
  • 2014-05-07: Highest IV Rank — 10.0%
  • 2014-05-09: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.59$18.08$19.00$18.35$18.08
Max Pain$18.00$18.00$18.00$18.00$18.00
ATM IV21.7%19.9%23.4%23.0%20.7%
Expected Move6.8%6.6%7.0%6.9%6.6%
HV 20d15.0%11.8%16.2%11.8%15.6%
HV 60d17.8%15.4%20.4%20.1%15.5%
IV Rank4.1%0.0%10.0%8.0%3.9%
IV Percentile2.5%0.0%9.1%5.2%2.0%
Term Structure0.1%-0.4%0.8%0.2%0.2%
VWIV25.2%23.6%28.0%24.8%24.3%
Skew 25d-0.1%-1.0%1.5%0.0%1.5%
Skew 10d-0.0%-1.3%2.7%1.4%2.7%
Call IV 25d22.6%20.9%24.5%24.1%20.9%
Put IV 25d22.5%20.4%24.4%24.1%22.4%
Bid-Ask Spread %6.875.259.156.218.70
Gamma HHI0.090.080.120.090.10
Net GEX17.2M6.4M31.3M12.2M6.4M
Net DEX-11.7M-197.7M175.6M101.8M175.6M
Net VEX-7.8M-8.4M-6.9M-7.9M-6.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.210.790.280.39
Total Volume56,611.47622,996105,33172,770104,952
Total OI2,871,682.2862,750,3602,971,5702,896,8922,870,671

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-05-01$18.35$18.0023.0%6.9%11.8%8.0%24.8%0.0%0.2%12.2M101.8M-7.9M0.286.2156,87715,8932,217,744679,148
2014-05-02$18.69$18.0022.9%6.8%13.7%7.6%25.3%-0.8%0.2%18.5M-90.8M-8.4M0.346.7678,35026,9812,246,424680,973
2014-05-05$18.84$18.0023.0%6.8%13.9%8.2%26.2%-0.7%-0.0%21.4M-126.3M-8.4M0.615.7229,32617,8832,210,329667,698
2014-05-06$18.80$18.0022.5%6.8%14.0%5.8%24.9%-0.7%-0.0%20.6M-96.9M-8.3M0.325.5728,7309,1692,218,348673,993
2014-05-07$18.57$18.0023.4%6.9%14.3%10.0%25.4%0.1%-0.1%16.2M-8.9M-8.2M0.605.3226,74916,1392,235,359680,831
2014-05-08$18.44$18.0022.6%6.9%14.4%6.1%24.3%0.4%0.2%11.8M55.0M-7.9M0.416.5030,47812,3882,239,118684,174
2014-05-09$18.42$18.0022.8%7.0%13.9%7.1%25.4%0.4%0.2%11.9M56.3M-7.9M0.325.2548,37015,4142,249,772689,695
2014-05-12$18.78$18.0022.8%6.9%15.8%6.9%24.7%-0.7%0.2%21.2M-104.4M-8.3M0.305.6350,23714,8632,228,580683,120
2014-05-13$18.77$18.0021.8%6.8%15.8%2.3%25.7%-0.3%-0.2%23.6M-79.1M-8.1M0.476.1230,72214,4702,240,294690,163
2014-05-14$19.00$18.0022.2%6.8%15.2%4.1%24.7%-0.8%0.0%31.3M-197.7M-8.3M0.406.1546,55618,7202,252,286693,298
2014-05-15$18.74$18.0021.8%6.8%16.0%2.1%25.6%-0.1%-0.4%25.4M-63.1M-8.0M0.746.3621,56816,0252,262,584696,596
2014-05-16$18.61$18.0021.0%6.8%16.2%0.0%26.1%-0.5%0.1%15.9M-8.9M-7.8M0.426.6346,02919,2112,271,846699,724
2014-05-19$18.63$18.0021.0%6.7%15.7%0.0%24.7%-0.3%0.5%18.4M-21.6M-7.8M0.306.9331,1609,3702,119,726630,634
2014-05-20$18.65$18.0020.4%6.7%15.7%0.0%25.4%-0.5%0.5%18.8M-22.8M-7.7M0.487.2515,5647,4322,131,977636,182
2014-05-21$18.64$18.0020.6%6.7%15.7%0.8%24.9%-0.3%0.4%18.9M-26.4M-7.7M0.348.2630,88610,5152,138,679638,569
2014-05-22$18.73$18.0020.2%6.7%15.2%0.0%25.4%-1.0%0.4%21.5M-62.9M-7.8M0.767.4920,76115,8652,153,317639,826
2014-05-23$18.66$18.0019.9%6.7%15.2%0.0%28.0%-0.6%0.8%17.5M-24.2M-7.7M0.799.1526,85021,3032,161,181650,407
2014-05-27$18.36$18.0021.3%6.7%16.1%6.5%24.9%0.8%-0.1%11.6M80.4M-7.3M0.788.1941,40232,2032,131,934648,943
2014-05-28$18.28$18.0020.9%6.6%16.1%4.6%23.6%0.8%-0.2%8.5M122.4M-7.1M0.217.6763,57213,5532,144,744668,900
2014-05-29$18.30$18.0020.2%6.6%15.1%1.5%24.1%0.2%-0.3%10.4M97.2M-7.2M0.428.3736,72015,5852,178,469669,072
2014-05-30$18.08$18.0020.7%6.6%15.6%3.9%24.3%1.5%0.2%6.4M175.6M-6.9M0.398.7075,45229,5002,194,182676,489