SLV Options History — July 2015

In July 2015, SLV traded between $13.92 and $14.98. ATM implied volatility averaged 26.6%, placing in the 51.2% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 9.0% (HV 20d: 17.6%). Max pain ranged from $15.00 to $15.50. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.63.

Notable Days

  • 2015-07-07: Highest Volume — 170,073 contracts
  • 2015-07-07: Largest IV spike — 21.6% change
  • 2015-07-20: Highest IV Rank — 69.2%
  • 2015-07-20: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.39$13.92$14.98$14.91$14.07
Max Pain$15.05$15.00$15.50$15.50$15.00
ATM IV26.6%22.3%30.1%22.6%25.3%
Expected Move7.6%6.2%8.6%6.5%7.0%
HV 20d17.6%10.6%19.7%12.4%19.6%
HV 60d20.1%18.4%21.2%20.5%18.4%
IV Rank51.2%28.9%69.2%30.6%44.3%
IV Percentile50.9%22.6%77.8%23.8%36.5%
Term Structure0.1%-0.3%0.7%0.5%0.6%
VWIV26.5%21.8%29.5%22.7%24.6%
Skew 25d3.0%0.5%4.8%0.5%3.2%
Skew 10d5.6%2.2%9.5%2.2%6.2%
Call IV 25d25.9%22.1%28.7%23.0%24.2%
Put IV 25d28.9%23.5%33.5%23.5%27.4%
Bid-Ask Spread %3.432.525.032.994.10
Gamma HHI0.100.090.140.140.09
Net GEX-675.9K-4.9M2.3M-4.9M2.3M
Net DEX232.5M137.0M329.8M182.6M242.9M
Net VEX-4.2M-4.7M-3.8M-4.5M-3.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.291.410.290.50
Total Volume77,150.77341,929170,07365,89850,113
Total OI2,402,054.0912,252,4842,549,6362,391,2272,361,474

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-07-01$14.91$15.5022.6%6.5%12.4%30.6%22.7%0.5%0.5%-4.9M182.6M-4.5M0.292.9951,25014,6481,675,081716,146
2015-07-02$14.95$15.5022.3%6.2%10.7%28.9%21.8%1.4%0.1%-1.5M178.2M-4.5M0.933.1050,33046,5821,692,965716,133
2015-07-06$14.98$15.0022.8%6.6%10.6%31.9%23.3%0.9%0.5%-2.3M137.5M-4.5M0.444.0359,58925,9661,684,586694,738
2015-07-07$14.45$15.0027.8%7.8%16.3%57.2%27.5%2.6%-0.3%-3.8M282.4M-4.3M0.503.33113,37256,7011,709,724705,567
2015-07-08$14.45$15.0028.5%7.9%16.3%60.9%27.7%2.6%-0.1%-1.9M251.0M-4.5M0.383.1151,81219,9181,763,638723,815
2015-07-09$14.77$15.0027.2%7.8%18.4%54.0%27.5%2.1%-0.0%109.2K162.7M-4.6M0.452.5241,97218,8941,773,960728,729
2015-07-10$14.89$15.0025.7%7.3%18.8%46.4%26.6%2.2%0.1%152.4K137.0M-4.7M0.733.0563,94946,5731,776,967731,344
2015-07-13$14.83$15.0024.9%7.1%18.7%42.7%25.1%1.7%-0.2%-703.8K156.0M-4.5M0.602.9737,29722,2161,779,990720,359
2015-07-14$14.69$15.0025.5%7.3%18.5%45.6%25.3%1.6%-0.1%-2.4M208.0M-4.4M0.623.5428,91717,9411,781,058722,766
2015-07-15$14.44$15.0026.5%7.6%19.2%50.7%26.7%3.1%-0.2%-1.0M292.4M-4.1M0.783.7836,58028,5161,784,421724,746
2015-07-16$14.36$15.0026.7%7.6%18.6%51.7%27.1%3.4%-0.1%-469.1K307.6M-4.1M0.793.5043,39734,3411,792,401734,451
2015-07-17$14.24$15.0028.7%8.2%18.6%62.1%28.2%3.7%-0.1%1.8M329.8M-4.1M1.413.4750,46070,9901,804,821744,815
2015-07-20$14.03$15.0030.1%8.6%19.0%69.2%29.5%4.8%-0.2%-509.3K253.4M-4.0M1.032.8753,06254,6021,599,342653,142
2015-07-21$14.16$15.0028.0%8.0%19.4%58.2%26.9%4.0%-0.3%245.7K236.0M-4.1M0.463.1235,25316,2461,618,207670,621
2015-07-22$14.13$15.0028.4%8.1%18.4%60.3%28.8%4.1%0.5%120.6K241.2M-4.1M0.443.5937,11716,5071,625,869676,137
2015-07-23$13.97$15.0027.5%7.9%18.4%55.8%27.9%4.0%0.1%-1.1M284.2M-3.9M0.693.2245,95331,5511,634,845682,099
2015-07-24$14.04$15.0028.8%8.3%18.7%62.4%29.0%4.7%-0.0%-387.0K253.2M-4.0M0.933.3056,14952,2411,641,908694,310
2015-07-27$13.92$15.0028.8%8.3%18.8%62.5%29.2%4.3%0.0%-610.7K269.2M-3.9M0.363.6240,40114,7351,634,463671,496
2015-07-28$14.03$15.0027.4%7.8%19.2%55.3%27.9%3.5%0.3%338.6K247.6M-3.9M0.454.3529,36213,0921,643,286675,459
2015-07-29$14.16$15.0025.9%7.2%19.7%47.9%25.1%3.2%0.7%1.4M219.4M-3.9M0.755.0343,95732,8361,647,291676,433
2015-07-30$14.08$15.0025.9%7.2%19.6%47.5%24.7%3.5%0.1%449.0K243.1M-3.9M0.432.8329,26812,6611,662,648692,939
2015-07-31$14.07$15.0025.3%7.0%19.6%44.3%24.6%3.2%0.6%2.3M242.9M-3.8M0.504.1033,45516,6581,667,552693,922