SLV Options History — July 2018

In July 2018, SLV traded between $14.41 and $15.16. ATM implied volatility averaged 16.5%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 1.0% (HV 20d: 15.5%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.57.

Notable Days

  • 2018-07-19: Highest Volume — 110,431 contracts
  • 2018-07-27: Largest IV drop — 7.7% change
  • 2018-07-19: Highest IV Rank — 46.8%
  • 2018-07-19: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.77$14.41$15.16$14.93$14.64
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV16.5%15.2%18.0%16.3%15.3%
Expected Move4.7%4.3%5.2%4.7%4.3%
HV 20d15.5%12.4%18.4%18.3%13.9%
HV 60d15.2%14.3%16.1%16.0%14.6%
IV Rank24.6%7.3%46.8%21.5%9.5%
IV Percentile25.7%1.6%75.0%16.7%2.8%
Term Structure-0.1%-0.4%0.4%-0.2%-0.1%
VWIV17.0%15.3%18.2%17.2%15.5%
Skew 25d-0.3%-1.0%0.9%0.3%-0.7%
Skew 10d-0.7%-2.8%0.8%-0.5%-2.2%
Call IV 25d17.3%16.1%18.5%16.6%16.4%
Put IV 25d17.0%15.4%18.5%16.8%15.7%
Bid-Ask Spread %7.251.1413.5110.341.76
Gamma HHI0.160.140.200.150.16
Net GEX8.8M4.2M13.1M9.2M13.1M
Net DEX-71.8M-186.5M87.3M-99.3M-100.3M
Net VEX-3.0M-3.3M-2.7M-3.1M-2.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.311.180.410.93
Total Volume60,161.09538,746110,43180,01354,626
Total OI1,779,866.6191,657,1941,918,0921,726,6361,733,551

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-07-02$14.93$15.0016.3%4.7%18.3%21.5%17.2%0.3%-0.2%9.2M-99.3M-3.1M0.4110.3456,74823,2651,341,846384,790
2018-07-03$15.03$15.0016.1%4.6%18.4%18.7%17.1%-0.3%-0.2%11.5M-161.8M-3.2M0.784.6224,09018,7041,372,840391,799
2018-07-05$15.08$15.0016.0%4.7%17.8%17.3%16.7%-0.4%0.4%11.3M-173.5M-3.2M0.7513.3934,85726,2491,377,827397,775
2018-07-06$15.08$15.0015.6%4.6%17.8%12.4%16.6%-0.2%-0.0%10.0M-162.7M-3.2M1.1810.5127,43732,3161,387,927415,095
2018-07-09$15.16$15.0015.9%4.6%17.9%16.8%16.1%-0.9%-0.1%9.0M-186.5M-3.3M0.567.7027,90915,7181,377,340426,816
2018-07-10$15.13$15.0016.4%4.6%17.3%22.6%16.4%0.1%-0.4%7.8M-165.5M-3.2M0.4411.2929,82913,1241,380,620429,384
2018-07-11$14.87$15.0017.3%4.9%18.1%37.1%17.7%-0.0%-0.3%4.9M-50.9M-3.0M0.5313.5151,92427,2991,383,479430,885
2018-07-12$15.01$15.0016.5%4.8%17.6%25.6%16.8%0.5%0.0%4.2M-126.0M-3.1M0.6911.2528,54119,6221,405,489438,424
2018-07-13$14.88$15.0016.5%4.8%17.3%25.3%16.9%0.3%0.1%6.6M-60.8M-3.1M0.799.2436,29928,6021,409,858434,766
2018-07-16$14.86$15.0016.4%4.7%12.4%24.6%17.1%0.9%0.0%4.6M-55.7M-3.0M0.538.2125,29513,4511,402,171429,456
2018-07-17$14.67$15.0017.3%5.0%12.9%37.3%17.7%-0.5%-0.2%5.3M19.5M-2.8M0.3910.7652,24220,5021,408,295430,903
2018-07-18$14.63$15.0017.0%4.9%12.6%32.7%17.3%-0.2%0.1%6.2M28.9M-2.8M0.4111.0157,97123,7321,425,811433,434
2018-07-19$14.41$15.0018.0%5.2%13.4%46.8%18.2%-0.0%0.0%7.4M87.3M-2.7M0.679.9166,16444,2671,445,613436,770
2018-07-20$14.57$15.0017.2%4.9%14.2%34.9%17.8%-0.4%0.3%11.9M21.8M-2.9M0.401.3952,24320,8791,471,995446,097
2018-07-23$14.47$15.0017.4%5.0%13.6%38.5%17.8%-0.1%-0.3%8.6M-25.6M-2.8M0.311.4343,98513,7801,282,205374,989
2018-07-24$14.55$15.0017.0%4.9%13.8%31.7%17.6%-0.6%-0.2%10.6M-56.0M-2.8M0.411.4828,52611,6461,302,299376,852
2018-07-25$14.68$15.0016.2%4.7%14.4%21.6%17.0%-1.0%-0.1%12.2M-98.3M-2.9M0.351.5029,50110,4551,310,915378,308
2018-07-26$14.48$15.0016.4%4.6%14.5%24.7%17.5%-0.6%-0.2%9.6M-30.9M-2.8M0.5810.5027,50316,0021,309,931379,417
2018-07-27$14.56$15.0015.2%4.4%14.7%7.3%15.3%-0.7%0.2%10.0M-46.4M-2.8M0.441.3854,41324,2001,316,653381,905
2018-07-30$14.57$15.0015.4%4.5%14.5%10.0%15.8%-1.0%-0.2%10.3M-65.2M-2.8M0.351.1436,65212,8151,326,839385,830
2018-07-31$14.64$15.0015.3%4.3%13.9%9.5%15.5%-0.7%-0.1%13.1M-100.3M-2.8M0.931.7628,33226,2941,344,672388,879