SLV Options History — October 2014

In October 2014, SLV traded between $15.49 and $16.80. ATM implied volatility averaged 26.6%, placing in the 59.1% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 7.1% (HV 20d: 19.5%). Max pain ranged from $17.00 to $18.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.67.

Notable Days

  • 2014-10-31: Highest Volume — 166,383 contracts
  • 2014-10-31: Largest IV spike — 18.5% change
  • 2014-10-31: Highest IV Rank — 99.2%
  • 2014-10-31: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.48$15.49$16.80$16.48$15.49
Max Pain$17.32$17.00$18.00$18.00$17.00
ATM IV26.6%22.9%31.4%31.1%31.4%
Expected Move7.1%6.4%8.0%7.6%8.0%
HV 20d19.5%16.1%21.7%16.1%21.7%
HV 60d15.4%14.5%16.6%15.1%16.6%
IV Rank59.1%43.2%99.2%73.4%99.2%
IV Percentile68.5%42.1%99.6%93.3%99.6%
Term Structure-0.4%-1.2%0.2%-0.8%-0.2%
VWIV26.2%22.7%29.2%29.2%28.4%
Skew 25d3.9%1.8%8.1%5.8%8.1%
Skew 10d7.6%4.0%15.0%11.8%15.0%
Call IV 25d25.8%22.0%29.7%29.7%29.1%
Put IV 25d29.7%24.8%37.2%35.4%37.2%
Bid-Ask Spread %9.787.4111.569.2810.59
Gamma HHI0.080.070.170.080.17
Net GEX8.7M-8.5M15.7M6.5M-8.5M
Net DEX329.4M196.9M568.3M366.4M568.3M
Net VEX-7.4M-8.2M-6.3M-7.8M-6.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.271.100.680.73
Total Volume79,990.95736,862166,38377,883166,383
Total OI3,979,5933,682,1284,172,3894,060,2933,865,469

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-10-01$16.48$18.0031.1%7.6%16.1%73.4%29.2%5.8%-0.8%6.5M366.4M-7.8M0.689.2846,44931,4343,139,884920,409
2014-10-02$16.41$17.5030.1%7.5%16.1%68.4%28.8%5.8%0.2%3.3M401.5M-7.6M1.1010.1535,67439,3643,152,649933,810
2014-10-03$16.12$17.5028.2%7.3%16.1%59.1%27.9%5.3%-0.7%3.6M513.9M-7.1M0.808.6282,74066,0133,169,655954,018
2014-10-06$16.60$17.5026.4%7.1%20.6%49.9%25.6%4.2%0.2%9.4M327.8M-7.7M0.337.4153,27517,3963,164,481924,467
2014-10-07$16.48$17.5026.6%7.2%20.4%51.3%28.0%4.1%-0.7%9.7M352.2M-7.6M0.758.9723,29317,4713,186,204928,641
2014-10-08$16.71$17.5026.9%7.3%21.5%52.7%28.9%3.9%0.1%12.5M283.5M-7.8M0.918.8451,89047,1333,196,199935,646
2014-10-09$16.62$17.5027.7%7.3%21.1%56.6%26.4%4.0%-0.2%12.4M289.0M-7.9M0.398.9749,26419,0193,205,590949,997
2014-10-10$16.64$17.5027.4%7.3%21.2%59.7%25.7%2.9%-0.3%11.4M283.7M-7.9M0.739.3622,00215,9733,216,695955,694
2014-10-13$16.73$17.5027.2%7.4%21.3%59.3%25.8%3.2%-0.1%12.2M268.6M-7.9M0.409.6929,62811,8343,191,027940,475
2014-10-14$16.66$17.5027.0%7.2%21.2%58.3%28.9%3.1%-1.2%12.1M289.8M-7.8M0.758.9031,94223,9643,207,515943,486
2014-10-15$16.72$17.5029.4%7.5%21.3%74.2%28.7%3.1%-1.0%14.3M239.6M-8.0M0.3311.5697,62531,9693,214,520941,558
2014-10-16$16.67$17.5029.3%7.5%21.2%77.9%27.6%2.9%-1.0%15.7M228.3M-8.2M0.3411.5339,80913,6793,206,090938,523
2014-10-17$16.58$17.5027.6%7.5%18.1%72.0%27.6%3.8%-0.1%12.7M283.1M-7.7M0.6410.3522,52814,3343,213,340943,915
2014-10-20$16.71$0.0025.8%7.1%18.3%61.0%24.5%3.5%-0.4%12.7M210.7M-7.6M0.669.4352,38334,3132,858,380823,748
2014-10-21$16.80$17.0023.0%6.6%18.4%43.2%23.6%1.8%-0.2%14.4M196.9M-7.6M0.449.0871,84731,6462,880,949838,738
2014-10-22$16.45$17.0023.9%6.6%19.8%50.1%23.2%2.9%-0.8%9.5M318.4M-7.1M0.8110.2960,37748,9772,908,952845,689
2014-10-23$16.51$17.0023.6%6.7%19.6%47.9%23.5%2.9%-0.3%9.2M306.6M-7.2M1.0110.3134,38834,8962,923,924868,129
2014-10-24$16.49$17.0023.1%6.5%19.5%44.7%22.8%2.6%-0.5%8.2M320.7M-7.1M0.5911.0647,81927,9842,931,190877,797
2014-10-27$16.42$17.0022.9%6.5%19.4%43.6%23.4%3.4%-0.1%7.3M331.1M-7.0M0.279.4737,13710,1692,916,202865,331
2014-10-28$16.49$17.0023.2%6.6%17.1%45.5%25.1%3.2%-0.3%8.3M313.7M-7.1M0.9110.4520,98819,0712,927,684870,054
2014-10-29$16.41$17.0022.9%6.4%17.0%43.5%22.7%4.6%-0.5%5.8M358.5M-6.9M1.0511.0240,59442,5712,937,028883,475
2014-10-30$15.82$17.0026.5%7.1%21.3%67.0%26.3%5.1%-0.5%-3.1M524.3M-6.3M0.779.6969,36953,1782,942,966890,446
2014-10-31$15.49$17.0031.4%8.0%21.7%99.2%28.4%8.1%-0.2%-8.5M568.3M-6.3M0.7310.5996,38370,0002,961,269904,200