SLV Options History — October 2017

In October 2017, SLV traded between $15.67 and $16.43. ATM implied volatility averaged 17.1%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 2.5% (HV 20d: 14.5%). Max pain ranged from $16.00 to $16.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.47.

Notable Days

2017-10-06: Highest Volume — 124,667 contracts
2017-10-19: Largest IV spike — 5.4% change
2017-10-10: Highest IV Rank — 21.8%
2017-10-11: Largest Expected Move — 5.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.01	$15.67	$16.43	$15.67	$15.80
Max Pain	$16.00	$16.00	$16.00	$16.00	$16.00
ATM IV	17.1%	16.5%	18.1%	17.0%	16.9%
Expected Move	4.9%	4.7%	5.3%	4.7%	5.0%
HV 20d	14.5%	12.7%	16.1%	16.1%	13.0%
HV 60d	17.4%	16.8%	17.8%	17.8%	16.9%
IV Rank	14.3%	10.2%	21.8%	13.4%	13.2%
IV Percentile	9.3%	3.2%	27.4%	4.4%	8.3%
Term Structure	0.1%	-0.3%	0.4%	0.0%	0.2%
VWIV	17.7%	16.6%	19.6%	17.4%	17.5%
Skew 25d	-1.1%	-1.7%	-0.3%	-1.6%	-0.8%
Skew 10d	-2.1%	-3.3%	-0.8%	-3.3%	-2.2%
Call IV 25d	18.3%	17.4%	19.9%	18.4%	18.1%
Put IV 25d	17.2%	16.5%	18.3%	16.9%	17.3%
Bid-Ask Spread %	1.88	1.57	2.16	1.81	1.89
Gamma HHI	0.13	0.12	0.15	0.12	0.12
Net GEX	18.5M	11.3M	29.0M	11.7M	12.7M
Net DEX	-242.7M	-411.6M	-144.5M	-144.5M	-156.4M
Net VEX	-3.2M	-3.5M	-2.9M	-3.1M	-2.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.47	0.21	0.81	0.35	0.36
Total Volume	60,949.545	42,116	124,667	63,641	47,832
Total OI	1,698,498.727	1,564,225	1,787,619	1,704,220	1,597,397

Daily Data (22 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
2017-10-02	$15.67	$16.00	17.0%	4.7%	16.1%	13.4%	17.4%	-1.6%	0.0%	11.7M	-144.5M	-3.1M	0.35	1.81	47,027	16,614	1,322,237	381,983
2017-10-03	$15.70	$16.00	16.8%	4.7%	15.4%	12.2%	17.0%	-1.4%	-0.0%	11.6M	-146.0M	-3.1M	0.65	1.96	27,534	17,968	1,327,161	388,760
2017-10-04	$15.69	$16.00	16.6%	4.7%	15.5%	10.8%	16.6%	-1.2%	0.3%	11.9M	-147.8M	-3.1M	0.69	1.89	28,484	19,540	1,331,087	387,762
2017-10-05	$15.68	$16.00	16.8%	4.8%	14.1%	12.5%	17.6%	-1.2%	0.1%	12.5M	-145.7M	-3.1M	0.50	1.92	28,896	14,452	1,336,419	382,845
2017-10-06	$15.86	$16.00	16.6%	4.8%	15.2%	11.0%	17.6%	-1.0%	-0.2%	17.1M	-199.1M	-3.3M	0.27	2.02	97,872	26,795	1,341,278	385,305
2017-10-09	$16.02	$16.00	17.4%	5.1%	15.3%	16.7%	18.1%	-1.4%	0.2%	23.7M	-274.5M	-3.4M	0.39	2.05	38,097	14,987	1,369,692	376,673
2017-10-10	$16.16	$16.00	18.1%	5.2%	15.4%	21.8%	19.0%	-1.7%	-0.1%	25.7M	-327.2M	-3.4M	0.27	1.94	51,339	13,856	1,374,477	377,717
2017-10-11	$16.25	$16.00	18.0%	5.3%	15.5%	20.9%	19.6%	-1.2%	0.3%	26.9M	-353.0M	-3.5M	0.21	2.02	53,064	11,220	1,373,087	379,867
2017-10-12	$16.27	$16.00	18.1%	5.2%	15.5%	21.5%	18.4%	-1.2%	0.0%	28.0M	-353.0M	-3.4M	0.35	2.16	31,257	10,859	1,388,802	381,431
2017-10-13	$16.43	$16.00	17.4%	5.0%	15.8%	16.4%	17.9%	-0.7%	-0.2%	29.0M	-411.6M	-3.5M	0.40	1.91	51,991	20,629	1,389,745	381,016
2017-10-16	$16.26	$16.00	17.4%	5.0%	14.2%	16.8%	17.7%	-1.4%	-0.1%	24.9M	-329.8M	-3.3M	0.81	1.95	39,624	31,901	1,374,312	379,692
2017-10-17	$16.10	$16.00	16.9%	4.9%	14.4%	13.3%	17.8%	-1.6%	-0.3%	22.1M	-277.8M	-3.2M	0.59	1.65	32,722	19,332	1,376,035	388,705
2017-10-18	$16.05	$16.00	16.5%	4.7%	14.1%	10.2%	17.3%	-1.7%	0.1%	22.2M	-259.1M	-3.1M	0.32	1.79	35,877	11,347	1,381,949	389,601
2017-10-19	$16.29	$16.00	17.4%	5.0%	14.5%	16.5%	17.5%	-1.0%	0.2%	26.0M	-339.0M	-3.3M	0.39	1.86	38,982	15,321	1,389,446	390,278
2017-10-20	$16.10	$16.00	16.6%	4.8%	15.2%	10.8%	16.7%	-0.9%	-0.2%	16.9M	-291.5M	-3.1M	0.68	1.65	61,027	41,241	1,394,963	392,656
2017-10-23	$16.16	$16.00	16.8%	4.8%	14.8%	12.6%	17.6%	-1.2%	0.2%	16.8M	-242.9M	-3.1M	0.43	1.57	33,707	14,617	1,222,963	341,262
2017-10-24	$16.03	$16.00	17.1%	4.9%	13.5%	14.7%	17.7%	-1.1%	0.2%	14.6M	-211.6M	-3.1M	0.48	2.01	33,892	16,372	1,232,205	344,910
2017-10-25	$16.01	$16.00	16.9%	5.0%	13.3%	13.0%	18.1%	-0.8%	0.3%	15.4M	-211.1M	-3.1M	0.57	1.97	32,060	18,317	1,243,553	345,213
2017-10-26	$15.84	$16.00	17.0%	4.9%	13.6%	13.9%	17.4%	-0.3%	0.2%	11.3M	-161.5M	-3.0M	0.64	1.86	39,088	24,982	1,250,447	353,217
2017-10-27	$15.91	$16.00	16.5%	4.8%	12.8%	10.4%	17.1%	-0.6%	0.1%	13.0M	-175.8M	-3.0M	0.54	1.74	49,180	26,599	1,259,293	355,526
2017-10-30	$15.91	$16.00	16.6%	4.9%	12.7%	10.8%	17.6%	-0.9%	0.4%	13.7M	-181.4M	-3.0M	0.53	1.80	35,456	18,933	1,249,118	336,887
2017-10-31	$15.80	$16.00	16.9%	5.0%	13.0%	13.2%	17.5%	-0.8%	0.2%	12.7M	-156.4M	-2.9M	0.36	1.89	35,291	12,541	1,259,544	337,853