SLV Options History — November 2017

In November 2017, SLV traded between $15.52 and $16.33. ATM implied volatility averaged 17.3%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 0.5% (HV 20d: 17.8%). Max pain ranged from $16.00 to $16.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.54.

Notable Days

2017-11-29: Highest Volume — 107,885 contracts
2017-11-06: Largest IV spike — 8.2% change
2017-11-15: Highest IV Rank — 26.9%
2017-11-15: Largest Expected Move — 5.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.03	$15.52	$16.33	$16.18	$15.52
Max Pain	$16.00	$16.00	$16.00	$16.00	$16.00
ATM IV	17.3%	16.1%	18.3%	17.6%	17.1%
Expected Move	5.0%	4.7%	5.3%	5.1%	5.0%
HV 20d	17.8%	15.4%	19.8%	15.4%	17.7%
HV 60d	16.4%	16.0%	17.4%	17.4%	16.3%
IV Rank	16.9%	8.4%	26.9%	18.0%	16.5%
IV Percentile	16.6%	0.4%	42.5%	18.7%	12.7%
Term Structure	0.1%	-0.5%	0.7%	0.3%	-0.2%
VWIV	17.9%	17.1%	18.8%	18.5%	17.4%
Skew 25d	-0.8%	-1.5%	-0.1%	-1.5%	-0.2%
Skew 10d	-1.8%	-4.4%	-0.1%	-2.6%	-0.2%
Call IV 25d	18.5%	17.3%	19.6%	19.5%	17.8%
Put IV 25d	17.7%	16.7%	18.7%	18.0%	17.6%
Bid-Ask Spread %	2.04	1.78	2.39	1.92	2.22
Gamma HHI	0.13	0.12	0.15	0.14	0.13
Net GEX	14.8M	1.9M	21.9M	21.1M	1.9M
Net DEX	-211.5M	-299.9M	-42.0M	-275.8M	-42.0M
Net VEX	-3.0M	-3.2M	-2.7M	-3.2M	-2.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.23	1.19	0.38	0.44
Total Volume	63,060.333	44,867	107,885	77,295	90,012
Total OI	1,647,374.143	1,582,800	1,715,002	1,609,569	1,715,002

Daily Data (21 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
2017-11-01	$16.18	$16.00	17.6%	5.1%	15.4%	18.0%	18.5%	-1.5%	0.3%	21.1M	-275.8M	-3.2M	0.38	1.92	56,129	21,166	1,268,687	340,882
2017-11-02	$16.17	$16.00	16.4%	4.9%	15.4%	9.6%	17.5%	-0.9%	0.4%	19.3M	-258.2M	-3.1M	0.47	1.98	36,023	16,912	1,269,321	343,743
2017-11-03	$15.90	$16.00	16.2%	4.9%	16.2%	8.4%	17.3%	-0.5%	0.4%	13.6M	-175.6M	-3.0M	0.59	1.84	42,960	25,446	1,278,456	345,624
2017-11-06	$16.27	$16.00	17.6%	5.2%	17.9%	17.7%	18.0%	-0.5%	0.3%	21.9M	-296.7M	-3.1M	0.44	1.92	43,008	19,078	1,275,529	340,553
2017-11-07	$16.02	$16.00	17.4%	5.0%	18.5%	16.3%	17.9%	-1.3%	0.2%	16.7M	-218.1M	-3.0M	0.58	2.10	35,204	20,449	1,284,189	343,299
2017-11-08	$16.06	$16.00	17.4%	5.1%	18.4%	16.9%	18.5%	-1.0%	0.7%	16.4M	-222.9M	-3.0M	0.37	2.04	36,816	13,507	1,291,020	349,581
2017-11-09	$16.06	$16.00	17.9%	5.1%	18.4%	19.9%	18.6%	-1.5%	-0.1%	16.4M	-231.4M	-3.0M	0.45	2.31	35,378	15,861	1,292,390	350,835
2017-11-10	$15.97	$16.00	17.8%	5.1%	18.0%	19.6%	18.7%	-1.3%	0.4%	13.0M	-186.3M	-3.0M	1.19	2.03	39,989	47,568	1,298,872	352,381
2017-11-13	$16.08	$16.00	18.0%	5.2%	17.9%	21.0%	18.5%	-0.8%	-0.2%	13.6M	-225.0M	-3.0M	0.50	1.89	33,198	16,707	1,290,882	372,790
2017-11-14	$16.08	$16.00	17.9%	5.1%	17.6%	21.5%	18.7%	-1.4%	0.2%	13.4M	-224.1M	-3.0M	0.67	2.02	27,288	18,180	1,296,782	373,355
2017-11-15	$16.03	$16.00	18.3%	5.3%	17.6%	26.9%	18.8%	-0.9%	-0.0%	13.8M	-217.0M	-3.0M	0.65	2.19	28,416	18,600	1,304,432	368,454
2017-11-16	$16.12	$16.00	17.5%	5.0%	16.8%	19.8%	18.0%	-0.7%	0.3%	16.2M	-243.7M	-3.0M	0.89	1.99	23,744	21,123	1,308,287	369,094
2017-11-17	$16.33	$16.00	17.6%	5.0%	16.9%	20.6%	17.8%	-1.0%	0.2%	18.9M	-299.9M	-3.1M	0.39	2.08	52,101	20,230	1,310,730	375,685
2017-11-20	$15.99	$16.00	17.3%	5.0%	18.6%	18.6%	17.5%	-0.8%	-0.0%	13.2M	-189.0M	-2.9M	0.34	2.06	65,674	22,635	1,230,210	352,590
2017-11-21	$16.00	$16.00	17.1%	4.8%	18.3%	17.1%	17.5%	-0.4%	-0.3%	13.7M	-196.4M	-2.9M	0.23	1.90	46,879	10,868	1,265,395	361,202
2017-11-22	$16.18	$16.00	17.0%	4.8%	18.8%	15.8%	17.1%	-0.5%	-0.2%	17.8M	-251.6M	-3.0M	0.45	1.95	33,691	15,024	1,282,577	362,796
2017-11-24	$16.08	$16.00	17.3%	5.0%	18.5%	18.7%	17.8%	-0.1%	-0.5%	15.2M	-222.6M	-2.9M	0.46	2.09	32,659	14,962	1,286,194	366,305
2017-11-27	$16.10	$16.00	16.4%	4.9%	18.4%	10.7%	17.6%	-0.6%	-0.2%	16.2M	-217.2M	-2.8M	0.50	2.14	41,100	20,379	1,276,485	364,658
2017-11-28	$15.91	$16.00	16.1%	4.7%	19.0%	8.7%	17.1%	-1.0%	-0.1%	11.5M	-161.1M	-2.8M	0.49	1.78	38,582	18,836	1,288,270	375,260
2017-11-29	$15.64	$16.00	16.7%	5.1%	19.8%	13.8%	17.8%	-0.9%	-0.3%	6.9M	-86.5M	-2.7M	0.91	2.39	56,550	51,335	1,300,151	371,909
2017-11-30	$15.52	$16.00	17.1%	5.0%	17.7%	16.5%	17.4%	-0.2%	-0.2%	1.9M	-42.0M	-2.7M	0.44	2.22	62,531	27,481	1,316,845	398,157