SLV Options History — April 2015

In April 2015, SLV traded between $15.03 and $16.26. ATM implied volatility averaged 25.6%, placing in the 46.8% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 2.5% (HV 20d: 23.1%). Max pain ranged from $15.00 to $16.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.53.

Notable Days

  • 2015-04-30: Highest Volume — 102,016 contracts
  • 2015-04-28: Largest IV drop — 6.6% change
  • 2015-04-01: Highest IV Rank — 54.4%
  • 2015-04-09: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.63$15.03$16.26$16.24$15.43
Max Pain$15.50$15.00$16.00$16.00$15.50
ATM IV25.6%24.0%27.1%27.1%24.3%
Expected Move7.3%7.0%7.7%7.4%7.0%
HV 20d23.1%18.6%25.7%22.6%25.3%
HV 60d26.2%23.8%28.0%27.6%24.2%
IV Rank46.8%39.0%54.4%54.4%40.7%
IV Percentile50.2%43.7%59.1%59.1%43.7%
Term Structure0.1%-2.0%1.2%-2.0%1.1%
VWIV26.1%24.9%27.3%26.5%25.1%
Skew 25d1.4%0.1%2.5%1.3%1.4%
Skew 10d3.2%1.4%5.6%4.7%3.3%
Call IV 25d25.6%24.2%26.7%26.6%24.6%
Put IV 25d27.0%25.6%28.8%28.0%26.1%
Bid-Ask Spread %6.444.689.855.206.38
Gamma HHI0.080.060.160.080.07
Net GEX8.6M-2.6M16.3M16.3M8.0M
Net DEX-65.0M-222.3M73.0M-218.6M-51.2M
Net VEX-6.0M-6.6M-5.4M-6.6M-5.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.350.910.430.53
Total Volume60,578.28633,847102,01661,294102,016
Total OI2,211,389.4291,950,4802,392,9262,287,6842,115,445

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-04-01$16.24$16.0027.1%7.4%22.6%54.4%26.5%1.3%-2.0%16.3M-218.6M-6.6M0.435.2042,74118,5531,641,303646,381
2015-04-02$16.02$15.0026.0%7.6%23.3%49.0%27.3%0.5%0.5%12.6M-159.7M-6.4M0.615.8931,06019,0721,652,489644,890
2015-04-06$16.26$15.0025.9%7.4%22.2%48.4%26.8%1.2%-0.2%16.3M-222.3M-6.4M0.535.8936,93419,4031,650,418638,053
2015-04-07$16.15$15.5025.4%7.3%22.3%46.3%26.3%1.2%-0.1%14.7M-181.3M-6.3M0.607.3921,21712,6301,658,903643,625
2015-04-08$15.81$15.5026.1%7.4%23.8%49.4%26.7%0.4%-0.0%10.0M-75.2M-6.0M0.417.5940,02716,4131,661,165645,195
2015-04-09$15.50$16.0026.7%7.7%24.6%52.6%27.3%1.8%0.9%6.1M1.0M-5.9M0.566.6255,20531,0201,669,390652,277
2015-04-10$15.77$15.5026.0%7.4%25.1%48.8%26.4%1.6%-0.3%10.3M-78.1M-6.1M0.675.4133,40022,3711,702,755661,628
2015-04-13$15.59$15.5025.9%7.4%25.6%48.8%26.9%1.4%0.4%7.5M-25.9M-6.0M0.544.6836,61419,6031,697,613663,008
2015-04-14$15.50$15.5025.5%7.3%25.7%46.4%26.3%2.1%0.4%6.3M5.4M-5.8M0.645.3324,55815,6071,702,850670,403
2015-04-15$15.62$15.5024.7%7.1%25.6%42.4%25.1%1.5%0.8%7.5M-39.9M-6.0M0.667.2030,14319,7831,706,152673,544
2015-04-16$15.58$15.5024.9%7.1%23.4%43.4%24.9%1.3%0.7%7.0M-26.9M-6.0M0.356.1029,22010,1051,712,573677,986
2015-04-17$15.55$15.5024.6%7.0%23.4%41.9%24.9%1.6%0.4%7.9M-21.9M-5.7M0.465.0847,10521,9011,715,042677,884
2015-04-20$15.28$15.5025.5%7.2%20.1%46.7%25.7%1.9%-0.7%5.5M20.7M-5.5M0.916.0935,98032,7701,403,867546,613
2015-04-21$15.30$15.5025.0%7.1%18.6%44.2%25.1%1.9%-0.2%4.9M15.5M-5.6M0.565.0929,76116,5981,414,343565,628
2015-04-22$15.11$15.5025.9%7.2%18.9%48.5%25.7%1.2%-0.5%3.2M60.9M-5.4M0.545.8037,38320,2091,421,444571,337
2015-04-23$15.21$15.5026.1%7.3%19.3%49.6%25.5%2.5%-0.1%3.5M44.8M-5.5M0.436.9136,15715,6791,431,994580,565
2015-04-24$15.03$15.5026.5%7.6%19.2%51.6%27.3%2.5%-0.4%-2.6M73.0M-5.4M0.607.0055,88833,3061,444,574588,866
2015-04-27$15.67$15.5025.7%7.5%25.1%47.5%26.5%1.2%1.2%10.4M-128.8M-6.2M0.367.4761,16121,9951,493,434590,298
2015-04-28$15.88$15.5024.0%7.2%25.3%39.0%25.6%1.3%1.1%13.3M-185.1M-6.3M0.388.2842,85216,2891,505,641592,697
2015-04-29$15.79$15.5024.9%7.3%25.3%43.7%26.2%0.1%-0.4%13.0M-171.2M-6.2M0.469.8540,64818,7671,513,007593,898
2015-04-30$15.43$15.5024.3%7.0%25.3%40.7%25.1%1.4%1.1%8.0M-51.2M-5.9M0.536.3866,75135,2651,520,937594,508