SLV Options History — December 2017

In December 2017, SLV traded between $14.85 and $15.99. ATM implied volatility averaged 16.9%, placing in the 15.6% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 1.2% (HV 20d: 15.8%). Max pain ranged from $15.00 to $16.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.33.

Notable Days

2017-12-29: Highest Volume — 157,392 contracts
2017-12-07: Largest IV spike — 9.1% change
2017-12-07: Highest IV Rank — 30.3%
2017-12-07: Largest Expected Move — 5.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.28	$14.85	$15.99	$15.53	$15.99
Max Pain	$15.32	$15.00	$16.00	$16.00	$15.00
ATM IV	16.9%	15.7%	18.8%	17.2%	16.3%
Expected Move	4.8%	4.4%	5.3%	5.0%	4.5%
HV 20d	15.8%	14.2%	17.7%	17.7%	15.0%
HV 60d	16.0%	15.7%	16.3%	16.0%	16.0%
IV Rank	15.6%	5.2%	30.3%	17.2%	11.2%
IV Percentile	16.0%	0.4%	54.4%	14.7%	4.8%
Term Structure	0.0%	-0.6%	0.8%	-0.6%	0.8%
VWIV	17.3%	15.3%	18.9%	18.1%	16.4%
Skew 25d	-0.6%	-2.0%	0.7%	-0.1%	-1.5%
Skew 10d	-1.2%	-3.4%	1.3%	0.1%	-3.4%
Call IV 25d	18.0%	16.9%	19.6%	18.1%	17.5%
Put IV 25d	17.4%	15.2%	19.8%	18.0%	16.0%
Bid-Ask Spread %	1.84	1.53	2.28	1.76	1.82
Gamma HHI	0.17	0.11	0.34	0.15	0.34
Net GEX	13.3M	650.5K	40.5M	650.5K	40.5M
Net DEX	-144.6M	-465.7M	49.6M	-59.7M	-465.7M
Net VEX	-3.1M	-3.6M	-2.7M	-2.7M	-3.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.33	0.18	0.52	0.41	0.23
Total Volume	90,622.3	50,473	157,392	84,833	157,392
Total OI	1,880,651.15	1,746,446	2,009,032	1,747,368	1,942,875

Daily Data (20 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
2017-12-01	$15.53	$16.00	17.2%	5.0%	17.7%	17.2%	18.1%	-0.1%	-0.6%	650.5K	-59.7M	-2.7M	0.41	1.76	60,013	24,820	1,342,741	404,627
2017-12-04	$15.44	$16.00	17.6%	5.0%	16.9%	20.7%	17.3%	-0.3%	-0.1%	4.2M	-49.5M	-2.7M	0.29	1.87	51,948	15,003	1,344,203	402,243
2017-12-05	$15.23	$16.00	17.6%	5.0%	14.7%	20.6%	17.8%	0.5%	-0.1%	2.2M	251.6K	-2.7M	0.28	2.09	88,254	24,668	1,366,163	404,833
2017-12-06	$15.10	$16.00	17.2%	5.0%	14.2%	17.5%	17.7%	0.6%	0.1%	2.5M	15.4M	-2.8M	0.44	1.84	64,545	28,657	1,413,458	410,034
2017-12-07	$14.86	$15.50	18.8%	5.3%	14.7%	30.3%	18.9%	0.2%	-0.1%	1.6M	49.6M	-2.8M	0.37	1.73	88,043	32,671	1,445,910	412,246
2017-12-08	$14.97	$15.50	17.2%	5.0%	15.2%	17.9%	17.6%	-0.1%	0.1%	4.5M	16.8M	-2.9M	0.23	1.98	66,240	15,346	1,480,132	414,409
2017-12-11	$14.85	$15.50	17.8%	5.1%	15.3%	22.8%	18.2%	0.6%	-0.4%	4.7M	17.1M	-2.9M	0.33	1.65	45,415	15,127	1,498,333	407,984
2017-12-12	$14.86	$15.50	18.0%	5.2%	14.9%	24.4%	18.6%	0.7%	-0.1%	4.9M	16.3M	-2.9M	0.33	1.53	67,880	22,510	1,510,038	411,885
2017-12-13	$15.15	$15.50	18.2%	5.1%	17.0%	26.0%	18.2%	-0.1%	-0.2%	13.1M	-107.7M	-3.2M	0.18	2.28	105,993	18,993	1,542,694	410,209
2017-12-14	$15.01	$15.00	17.3%	5.0%	17.1%	18.3%	18.0%	-0.9%	0.2%	14.4M	-71.0M	-3.1M	0.26	2.06	70,519	18,486	1,564,501	410,968
2017-12-15	$15.15	$15.00	16.6%	4.7%	17.4%	12.3%	17.0%	-0.9%	-0.1%	14.3M	-130.4M	-3.1M	0.32	1.81	67,624	21,675	1,594,453	414,579
2017-12-18	$15.22	$15.00	16.1%	4.6%	16.7%	8.8%	16.9%	-1.0%	0.2%	16.1M	-184.1M	-3.3M	0.36	1.69	48,081	17,096	1,475,248	374,814
2017-12-19	$15.22	$15.00	16.1%	4.6%	15.3%	8.3%	16.4%	-0.5%	-0.0%	15.7M	-182.2M	-3.3M	0.32	1.71	42,741	13,634	1,480,263	377,804
2017-12-20	$15.26	$15.00	16.4%	4.7%	15.4%	11.1%	16.6%	-1.1%	-0.3%	16.9M	-201.9M	-3.3M	0.52	1.75	33,194	17,279	1,491,566	379,611
2017-12-21	$15.23	$15.00	15.8%	4.5%	14.6%	6.0%	16.6%	-1.1%	0.2%	14.7M	-188.2M	-3.3M	0.47	1.86	41,057	19,291	1,495,338	379,815
2017-12-22	$15.41	$15.00	15.7%	4.4%	15.4%	5.2%	15.3%	-1.7%	0.4%	16.8M	-245.6M	-3.3M	0.36	1.88	99,414	35,576	1,500,752	385,329
2017-12-26	$15.60	$15.00	16.8%	4.8%	16.2%	14.3%	17.7%	-2.0%	0.2%	23.1M	-323.2M	-3.5M	0.31	1.90	61,115	18,773	1,523,051	367,776
2017-12-27	$15.73	$15.00	16.1%	4.6%	16.1%	8.9%	16.5%	-1.3%	0.1%	26.4M	-373.9M	-3.5M	0.35	1.91	58,777	20,785	1,538,452	371,514
2017-12-28	$15.88	$15.00	16.2%	4.6%	15.2%	10.1%	16.3%	-1.2%	0.2%	29.5M	-423.4M	-3.5M	0.27	1.67	89,506	24,305	1,546,236	375,936
2017-12-29	$15.99	$15.00	16.3%	4.5%	15.0%	11.2%	16.4%	-1.5%	0.8%	40.5M	-465.7M	-3.6M	0.23	1.82	127,676	29,716	1,558,543	384,332