SLV Options History — March 2018

In March 2018, SLV traded between $15.28 and $15.78. ATM implied volatility averaged 16.8%, placing in the 24.9% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 1.5% (HV 20d: 15.3%). Max pain ranged from $15.50 to $15.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.48.

Notable Days

2018-03-06: Highest Volume — 134,895 contracts
2018-03-06: Largest IV spike — 14.0% change
2018-03-06: Highest IV Rank — 61.9%
2018-03-06: Largest Expected Move — 5.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.53	$15.28	$15.78	$15.55	$15.42
Max Pain	$15.50	$15.50	$15.50	$15.50	$15.50
ATM IV	16.8%	15.6%	19.6%	19.3%	16.4%
Expected Move	4.8%	4.5%	5.5%	5.3%	4.7%
HV 20d	15.3%	12.1%	19.6%	19.6%	16.3%
HV 60d	17.3%	16.8%	17.7%	17.4%	17.4%
IV Rank	24.9%	8.1%	61.9%	58.0%	19.4%
IV Percentile	22.4%	0.4%	83.3%	79.4%	13.5%
Term Structure	-0.1%	-1.1%	0.5%	-1.1%	0.1%
VWIV	17.6%	16.0%	19.5%	19.4%	18.7%
Skew 25d	-2.1%	-3.0%	-1.1%	-2.8%	-2.1%
Skew 10d	-3.8%	-6.2%	-1.7%	-1.7%	-3.2%
Call IV 25d	18.7%	17.0%	21.4%	20.7%	18.0%
Put IV 25d	16.5%	15.7%	18.6%	17.9%	15.9%
Bid-Ask Spread %	2.27	1.93	3.00	3.00	2.28
Gamma HHI	0.16	0.13	0.20	0.13	0.15
Net GEX	14.9M	7.1M	20.3M	14.2M	18.9M
Net DEX	-226.4M	-299.0M	-151.5M	-206.9M	-257.2M
Net VEX	-3.6M	-3.8M	-3.4M	-3.6M	-3.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.48	0.14	0.80	0.74	0.50
Total Volume	69,710.476	35,834	134,895	71,820	134,792
Total OI	1,430,902.524	1,348,162	1,570,875	1,358,518	1,570,875

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
2018-03-01	$15.55	$15.50	19.3%	5.3%	19.6%	58.0%	19.4%	-2.8%	-1.1%	14.2M	-206.9M	-3.6M	0.74	3.00	41,271	30,549	1,037,686	320,832
2018-03-02	$15.57	$15.50	18.4%	5.0%	19.6%	46.4%	19.1%	-3.0%	-1.0%	14.1M	-221.1M	-3.6M	0.46	2.57	55,111	25,451	1,055,682	330,454
2018-03-05	$15.49	$15.50	17.2%	4.9%	14.2%	29.0%	18.3%	-2.0%	0.2%	12.4M	-187.0M	-3.5M	0.64	2.16	31,965	20,528	1,051,414	329,496
2018-03-06	$15.78	$15.50	19.6%	5.5%	15.5%	61.9%	19.5%	-2.8%	-0.0%	20.0M	-296.7M	-3.8M	0.14	2.61	118,231	16,664	1,064,415	330,874
2018-03-07	$15.54	$15.50	18.2%	5.2%	16.2%	43.4%	19.0%	-2.4%	-0.1%	16.2M	-227.8M	-3.7M	0.38	2.31	48,672	18,548	1,101,209	333,420
2018-03-08	$15.55	$15.50	17.3%	5.0%	15.2%	31.2%	18.0%	-2.0%	0.1%	16.1M	-230.5M	-3.7M	0.52	2.42	41,226	21,302	1,110,586	338,484
2018-03-09	$15.64	$15.50	16.5%	4.9%	15.3%	19.8%	17.6%	-1.9%	0.1%	15.6M	-257.8M	-3.7M	0.37	2.28	38,963	14,251	1,122,917	345,849
2018-03-12	$15.60	$15.50	17.0%	4.8%	15.2%	26.4%	17.7%	-2.5%	-0.1%	14.2M	-239.3M	-3.6M	0.52	2.35	23,659	12,265	1,112,440	338,165
2018-03-13	$15.62	$15.50	16.0%	4.7%	14.5%	13.2%	16.8%	-2.7%	0.3%	14.3M	-244.7M	-3.6M	0.80	2.06	23,056	18,531	1,118,957	339,656
2018-03-14	$15.61	$15.50	16.1%	4.6%	14.5%	14.7%	17.2%	-2.3%	-0.4%	12.9M	-234.3M	-3.6M	0.68	2.17	21,430	14,470	1,118,924	345,589
2018-03-15	$15.46	$15.50	15.7%	4.5%	13.2%	9.5%	16.2%	-1.3%	-0.1%	7.1M	-179.9M	-3.5M	0.44	2.32	31,372	13,721	1,122,248	347,222
2018-03-16	$15.40	$15.50	15.6%	4.5%	13.2%	8.1%	16.0%	-1.1%	-0.3%	11.6M	-151.5M	-3.5M	0.51	1.93	35,591	18,152	1,127,305	348,416
2018-03-19	$15.39	$15.50	16.2%	4.6%	12.7%	15.9%	16.8%	-1.1%	0.4%	12.0M	-183.0M	-3.4M	0.43	2.33	27,409	11,737	1,034,233	313,929
2018-03-20	$15.28	$15.50	16.7%	4.8%	12.1%	23.3%	17.1%	-1.7%	-0.1%	10.6M	-154.6M	-3.4M	0.44	2.20	24,964	10,870	1,046,809	317,055
2018-03-21	$15.65	$15.50	16.1%	4.6%	15.0%	14.3%	16.8%	-1.6%	0.5%	18.6M	-267.0M	-3.6M	0.58	2.16	45,315	26,321	1,055,657	319,772
2018-03-22	$15.44	$15.50	15.9%	4.5%	15.5%	11.7%	16.4%	-1.6%	0.0%	14.4M	-199.2M	-3.4M	0.75	2.16	40,459	30,426	1,062,360	324,478
2018-03-23	$15.59	$15.50	16.3%	4.7%	15.8%	17.9%	17.2%	-2.8%	0.1%	17.2M	-264.7M	-3.6M	0.54	2.08	61,516	33,152	1,080,062	336,251
2018-03-26	$15.72	$15.50	16.6%	4.8%	16.0%	21.4%	17.3%	-2.3%	0.2%	20.3M	-299.0M	-3.7M	0.27	2.14	78,041	20,924	1,084,068	340,512
2018-03-27	$15.57	$15.50	16.3%	4.7%	15.7%	17.2%	17.3%	-2.7%	-0.0%	17.3M	-253.7M	-3.7M	0.24	2.15	62,384	14,918	1,121,513	344,142
2018-03-28	$15.36	$15.50	16.5%	4.7%	16.5%	19.7%	16.9%	-1.8%	0.1%	14.5M	-197.7M	-3.5M	0.16	1.94	90,867	14,846	1,159,086	345,911
2018-03-29	$15.42	$15.50	16.4%	4.7%	16.3%	19.4%	18.7%	-2.1%	0.1%	18.9M	-257.2M	-3.7M	0.50	2.28	89,703	45,089	1,222,366	348,509