SLV Options History — April 2018

In April 2018, SLV traded between $15.38 and $16.25. ATM implied volatility averaged 17.4%, placing in the 33.3% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 0.6% (HV 20d: 16.8%). 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 7 of 21 days. Put/call ratio averaged 0.32.

Notable Days

2018-04-18: Highest Volume — 190,869 contracts
2018-04-30: Largest IV spike — 6.8% change
2018-04-24: Highest IV Rank — 48.2%
2018-04-24: Largest Expected Move — 5.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.67	$15.38	$16.25	$15.65	$15.39
Max Pain	$15.50	$15.50	$15.50	$15.50	$15.50
ATM IV	17.4%	16.3%	18.5%	17.8%	17.4%
Expected Move	5.0%	4.6%	5.3%	5.2%	5.1%
HV 20d	16.8%	15.2%	18.8%	17.2%	17.5%
HV 60d	17.9%	17.3%	18.4%	17.7%	17.9%
IV Rank	33.3%	17.3%	48.2%	37.9%	32.7%
IV Percentile	41.8%	9.1%	75.8%	48.8%	41.3%
Term Structure	-0.1%	-0.5%	0.4%	-0.1%	0.1%
VWIV	18.6%	17.3%	20.3%	19.1%	18.3%
Skew 25d	-2.4%	-3.5%	-1.2%	-1.7%	-3.0%
Skew 10d	-4.7%	-7.1%	-2.8%	-3.2%	-6.3%
Call IV 25d	19.7%	18.0%	21.0%	19.8%	19.7%
Put IV 25d	17.2%	16.4%	18.2%	18.0%	16.7%
Bid-Ask Spread %	1.90	1.67	2.22	1.89	1.68
Gamma HHI	0.18	0.14	0.26	0.17	0.14
Net GEX	30.0M	18.7M	57.4M	27.1M	20.3M
Net DEX	-371.1M	-670.0M	-220.0M	-347.3M	-260.6M
Net VEX	-4.0M	-4.3M	-3.7M	-4.0M	-3.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.32	0.13	0.49	0.43	0.34
Total Volume	82,866.81	53,944	190,869	86,229	73,453
Total OI	1,679,631.048	1,590,847	1,823,837	1,590,847	1,683,942

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
2018-04-02	$15.65	$15.50	17.8%	5.2%	17.2%	37.9%	19.1%	-1.7%	-0.1%	27.1M	-347.3M	-4.0M	0.43	1.89	60,452	25,777	1,223,625	367,222
2018-04-03	$15.47	$15.50	17.0%	4.9%	17.6%	27.3%	18.7%	-2.0%	-0.1%	20.8M	-258.0M	-3.8M	0.45	1.67	45,118	20,204	1,224,680	375,960
2018-04-04	$15.38	$15.50	17.6%	5.2%	16.3%	35.9%	18.8%	-1.9%	-0.4%	18.7M	-220.0M	-3.7M	0.40	1.97	48,674	19,618	1,237,524	379,528
2018-04-05	$15.46	$15.50	17.1%	4.9%	15.6%	27.8%	17.3%	-2.3%	0.3%	24.5M	-261.2M	-3.8M	0.49	2.01	40,174	19,719	1,258,838	381,872
2018-04-06	$15.43	$15.50	16.9%	4.8%	15.6%	26.0%	17.3%	-1.2%	-0.5%	28.0M	-252.1M	-3.8M	0.48	1.92	40,009	19,182	1,276,697	384,329
2018-04-09	$15.55	$15.50	17.4%	5.0%	15.7%	32.1%	18.5%	-2.3%	-0.1%	26.0M	-311.3M	-3.8M	0.28	2.22	50,847	14,147	1,271,590	378,335
2018-04-10	$15.62	$15.50	17.9%	5.2%	15.7%	40.1%	20.3%	-2.9%	-0.0%	29.6M	-357.2M	-3.9M	0.26	1.97	62,947	16,462	1,290,384	379,697
2018-04-11	$15.70	$15.50	18.1%	5.2%	15.8%	42.4%	20.1%	-2.9%	0.3%	32.2M	-384.2M	-4.0M	0.20	1.88	108,314	21,549	1,304,295	381,117
2018-04-12	$15.52	$15.50	17.0%	4.9%	16.4%	27.1%	18.0%	-2.7%	0.4%	24.6M	-297.7M	-3.9M	0.31	2.17	43,939	13,522	1,323,290	386,910
2018-04-13	$15.68	$15.50	16.5%	4.7%	16.4%	20.5%	18.1%	-3.2%	-0.0%	31.2M	-396.4M	-4.0M	0.31	1.87	41,754	13,042	1,343,013	389,327
2018-04-16	$15.72	$15.50	17.1%	4.9%	16.3%	29.0%	18.8%	-3.5%	0.2%	33.5M	-386.6M	-3.9M	0.28	1.89	42,108	11,836	1,333,646	381,782
2018-04-17	$15.82	$15.50	17.8%	5.1%	16.4%	38.8%	17.7%	-2.9%	0.3%	40.3M	-436.9M	-4.0M	0.33	1.76	45,672	14,849	1,340,854	383,138
2018-04-18	$16.18	$15.50	18.0%	5.2%	17.7%	41.2%	19.5%	-3.4%	-0.4%	56.8M	-623.4M	-4.2M	0.17	1.89	163,673	27,196	1,355,639	386,259
2018-04-19	$16.25	$15.50	18.3%	5.3%	15.9%	45.1%	19.5%	-2.8%	-0.0%	57.4M	-670.0M	-4.3M	0.31	1.75	106,329	32,949	1,397,966	397,322
2018-04-20	$16.14	$15.50	17.8%	5.1%	15.2%	38.7%	19.2%	-3.4%	-0.3%	33.5M	-615.7M	-4.3M	0.21	1.80	82,305	17,115	1,407,323	416,514
2018-04-23	$15.66	$15.50	17.4%	4.9%	18.8%	33.3%	18.6%	-2.7%	-0.4%	24.4M	-332.3M	-3.9M	0.27	1.84	87,878	23,506	1,238,147	354,025
2018-04-24	$15.76	$15.50	18.5%	5.3%	18.7%	48.2%	18.8%	-1.6%	-0.5%	28.3M	-389.1M	-4.1M	0.21	2.12	55,222	11,562	1,265,581	358,984
2018-04-25	$15.62	$15.50	17.5%	5.0%	18.6%	34.0%	18.4%	-1.8%	-0.2%	24.8M	-339.1M	-4.0M	0.13	1.93	87,913	11,318	1,277,241	361,196
2018-04-26	$15.59	$15.50	16.8%	4.8%	17.9%	23.9%	17.7%	-1.6%	0.3%	24.9M	-333.2M	-4.0M	0.49	1.92	41,353	20,147	1,312,383	363,677
2018-04-27	$15.57	$15.50	16.3%	4.6%	17.9%	17.3%	17.6%	-1.5%	-0.2%	23.3M	-321.5M	-3.9M	0.33	1.83	43,876	14,493	1,325,023	373,377
2018-04-30	$15.39	$15.50	17.4%	5.1%	17.5%	32.7%	18.3%	-3.0%	0.1%	20.3M	-260.6M	-3.8M	0.34	1.68	54,768	18,685	1,315,903	368,039