SLV Options History — August 2017

In August 2017, SLV traded between $15.35 and $16.65. ATM implied volatility averaged 19.2%, placing in the 29.2% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded below realized volatility by 0.2% (HV 20d: 19.4%). Max pain ranged from $15.00 to $15.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 0.51.

Notable Days

2017-08-10: Highest Volume — 128,399 contracts
2017-08-28: Largest IV spike — 10.3% change
2017-08-28: Highest IV Rank — 47.9%
2017-08-28: Largest Expected Move — 5.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.02	$15.35	$16.65	$15.82	$16.65
Max Pain	$15.35	$15.00	$15.50	$15.50	$15.50
ATM IV	19.2%	17.4%	21.9%	18.1%	20.1%
Expected Move	5.4%	5.0%	5.9%	5.1%	5.5%
HV 20d	19.4%	15.9%	22.1%	17.6%	21.9%
HV 60d	17.5%	15.9%	18.6%	15.9%	18.6%
IV Rank	29.2%	16.5%	47.9%	21.4%	35.2%
IV Percentile	31.0%	7.1%	60.3%	17.1%	43.3%
Term Structure	0.1%	-0.8%	1.0%	-0.1%	-0.1%
VWIV	19.6%	17.5%	21.4%	17.5%	19.8%
Skew 25d	-1.5%	-2.6%	-0.3%	-1.8%	-1.8%
Skew 10d	-2.7%	-4.8%	-0.2%	-2.5%	-3.8%
Call IV 25d	20.8%	18.0%	23.8%	19.3%	22.3%
Put IV 25d	19.3%	17.4%	22.1%	17.5%	20.5%
Bid-Ask Spread %	1.96	1.68	2.23	1.92	1.80
Gamma HHI	0.18	0.12	0.27	0.19	0.15
Net GEX	27.7M	18.7M	40.7M	24.1M	33.5M
Net DEX	-383.0M	-527.0M	-182.3M	-340.0M	-527.0M
Net VEX	-3.9M	-4.1M	-3.3M	-3.7M	-4.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.51	0.24	0.94	0.42	0.35
Total Volume	77,328.174	39,648	128,399	46,952	66,967
Total OI	1,691,948.739	1,613,411	1,807,570	1,613,411	1,681,533

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2017-08-01	$15.82	$15.50	18.1%	5.1%	17.6%	21.4%	17.5%	-1.8%	-0.1%	24.1M	-340.0M	-3.7M	0.42	1.92	33,025	13,927	1,307,817	305,594
2017-08-02	$15.67	$15.50	18.4%	5.1%	17.7%	23.5%	18.2%	-0.7%	-0.6%	21.8M	-282.2M	-3.6M	0.38	2.18	47,812	18,261	1,316,631	308,469
2017-08-03	$15.75	$15.00	18.0%	5.1%	17.7%	20.5%	18.7%	-0.6%	-0.4%	25.5M	-318.8M	-3.7M	0.43	2.08	39,087	16,628	1,342,060	315,221
2017-08-04	$15.38	$15.00	17.5%	5.0%	16.1%	17.5%	18.6%	-0.3%	-0.2%	18.7M	-183.5M	-3.4M	0.64	1.80	56,900	36,665	1,351,554	318,934
2017-08-07	$15.35	$15.00	17.4%	5.0%	16.0%	16.5%	18.9%	-0.3%	0.3%	18.8M	-182.3M	-3.3M	0.76	2.01	69,119	52,870	1,353,485	313,566
2017-08-08	$15.50	$15.00	17.4%	5.0%	15.9%	16.9%	17.9%	-0.4%	0.2%	22.0M	-219.2M	-3.4M	0.75	2.08	49,022	36,767	1,356,744	343,592
2017-08-09	$15.98	$15.00	17.4%	5.0%	18.9%	16.9%	18.0%	-1.4%	0.1%	34.2M	-414.7M	-3.7M	0.56	2.01	61,695	34,414	1,358,833	345,484
2017-08-10	$16.17	$15.00	18.8%	5.5%	17.9%	26.5%	19.8%	-1.6%	0.3%	37.1M	-498.9M	-4.0M	0.24	2.17	103,935	24,464	1,376,941	349,760
2017-08-11	$16.17	$15.00	18.3%	5.3%	17.4%	23.2%	19.6%	-1.9%	0.4%	35.9M	-506.4M	-4.0M	0.94	2.23	48,872	46,035	1,390,625	354,207
2017-08-14	$16.13	$15.50	17.8%	5.1%	17.3%	19.2%	18.3%	-1.6%	0.2%	37.4M	-463.0M	-4.0M	0.85	2.14	35,821	30,465	1,385,683	370,141
2017-08-15	$15.76	$15.50	19.3%	5.5%	19.4%	29.6%	19.5%	-1.2%	0.3%	27.8M	-304.8M	-3.8M	0.67	2.09	52,425	35,140	1,389,848	376,237
2017-08-16	$16.15	$15.50	20.0%	5.7%	21.1%	34.8%	21.4%	-1.9%	0.5%	37.8M	-480.2M	-4.1M	0.27	1.98	65,650	17,641	1,397,260	374,736
2017-08-17	$16.10	$15.50	20.1%	5.7%	21.1%	35.2%	21.0%	-2.5%	0.3%	40.7M	-467.4M	-4.1M	0.28	1.91	79,641	22,237	1,409,722	379,068
2017-08-18	$16.10	$15.50	20.7%	5.9%	20.8%	39.7%	21.4%	-2.6%	0.5%	23.8M	-496.1M	-4.1M	0.51	2.02	62,142	31,992	1,419,845	387,725
2017-08-21	$16.07	$15.50	20.4%	5.7%	20.8%	37.9%	20.9%	-2.4%	-0.0%	23.0M	-352.3M	-4.0M	0.40	1.77	40,337	16,195	1,289,520	344,115
2017-08-22	$16.07	$15.50	20.0%	5.6%	20.8%	34.6%	20.4%	-1.8%	0.2%	22.7M	-345.4M	-4.0M	0.75	1.80	33,204	25,040	1,289,060	349,822
2017-08-23	$16.15	$15.50	19.6%	5.6%	20.5%	32.2%	20.0%	-1.1%	0.3%	22.2M	-357.7M	-4.0M	0.46	1.68	27,238	12,410	1,292,921	361,344
2017-08-24	$16.02	$15.50	20.2%	5.6%	20.7%	36.5%	20.6%	-1.9%	0.3%	19.2M	-324.2M	-3.9M	0.49	1.92	28,525	13,972	1,294,922	364,107
2017-08-25	$16.12	$15.50	19.8%	5.5%	20.6%	33.5%	19.7%	-1.9%	0.2%	21.3M	-359.0M	-3.9M	0.55	1.84	42,153	23,239	1,296,863	365,765
2017-08-28	$16.51	$15.50	21.9%	5.9%	22.1%	47.9%	20.7%	-1.1%	-0.8%	29.0M	-479.6M	-4.1M	0.35	1.95	63,600	22,524	1,294,276	352,129
2017-08-29	$16.41	$15.50	20.9%	5.9%	22.1%	40.9%	21.2%	-2.6%	1.0%	29.0M	-448.7M	-4.1M	0.26	1.92	75,799	20,037	1,301,606	359,481
2017-08-30	$16.45	$15.50	19.5%	5.5%	21.7%	31.3%	19.2%	-1.4%	0.3%	31.0M	-457.9M	-4.0M	0.33	1.73	33,660	10,996	1,311,909	365,666
2017-08-31	$16.65	$15.50	20.1%	5.5%	21.9%	35.2%	19.8%	-1.8%	-0.1%	33.5M	-527.0M	-4.1M	0.35	1.80	49,618	17,349	1,314,998	366,535