SLV Options History — August 2018

In August 2018, SLV traded between $13.57 and $14.52. ATM implied volatility averaged 16.7%, placing in the 29.0% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded below realized volatility by 1.1% (HV 20d: 17.8%). Max pain ranged from $14.50 to $15.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 0.85.

Notable Days

2018-08-15: Highest Volume — 197,647 contracts
2018-08-15: Largest IV spike — 15.7% change
2018-08-15: Highest IV Rank — 57.8%
2018-08-15: Largest Expected Move — 5.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.06	$13.57	$14.52	$14.48	$13.65
Max Pain	$14.63	$14.50	$15.00	$15.00	$14.50
ATM IV	16.7%	15.4%	18.8%	15.6%	16.1%
Expected Move	4.8%	4.3%	5.3%	4.5%	4.5%
HV 20d	17.8%	12.8%	22.0%	14.0%	21.8%
HV 60d	16.3%	14.3%	18.0%	14.7%	17.9%
IV Rank	29.0%	10.8%	57.8%	13.2%	22.8%
IV Percentile	37.6%	3.6%	88.5%	4.4%	17.9%
Term Structure	0.1%	-0.4%	0.6%	0.1%	0.6%
VWIV	17.1%	15.3%	19.1%	16.7%	16.1%
Skew 25d	-0.4%	-1.3%	0.5%	-0.6%	-0.3%
Skew 10d	-0.9%	-3.5%	1.8%	-1.6%	-3.0%
Call IV 25d	17.8%	16.0%	19.9%	16.9%	17.0%
Put IV 25d	17.4%	15.7%	19.8%	16.2%	16.7%
Bid-Ask Spread %	2.28	1.13	16.74	1.35	1.60
Gamma HHI	0.15	0.12	0.27	0.16	0.13
Net GEX	9.4M	1.8M	18.3M	11.9M	5.4M
Net DEX	29.8M	-75.4M	193.3M	-53.9M	123.3M
Net VEX	-2.5M	-2.8M	-2.2M	-2.8M	-2.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.85	0.27	3.30	0.58	1.95
Total Volume	78,746	33,414	197,647	42,088	171,347
Total OI	1,777,837.87	1,702,154	1,922,557	1,735,561	1,903,826

Daily Data (23 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
2018-08-01	$14.48	$15.00	15.6%	4.5%	14.0%	13.2%	16.7%	-0.6%	0.1%	11.9M	-53.9M	-2.8M	0.58	1.35	26,655	15,433	1,350,735	384,826
2018-08-02	$14.43	$15.00	15.9%	4.5%	13.9%	17.2%	16.1%	-0.4%	0.0%	11.1M	-27.6M	-2.7M	0.42	1.16	35,883	14,903	1,355,671	386,798
2018-08-03	$14.52	$15.00	15.4%	4.3%	14.2%	10.8%	15.3%	-0.3%	-0.1%	18.3M	-60.1M	-2.7M	0.44	1.20	42,980	19,042	1,363,526	389,694
2018-08-06	$14.39	$15.00	15.7%	4.7%	14.1%	14.8%	16.8%	-0.6%	0.5%	9.7M	-19.3M	-2.6M	0.45	1.61	23,119	10,295	1,349,431	389,380
2018-08-07	$14.44	$15.00	16.0%	4.6%	14.3%	18.3%	16.5%	-1.2%	0.1%	10.5M	-33.4M	-2.6M	0.39	4.65	26,703	10,322	1,354,370	391,333
2018-08-08	$14.52	$15.00	15.9%	4.6%	13.4%	16.8%	16.1%	-1.0%	0.2%	12.7M	-63.8M	-2.6M	0.53	1.38	32,902	17,346	1,363,573	391,931
2018-08-09	$14.52	$14.50	15.5%	4.5%	12.8%	11.8%	15.7%	-1.3%	0.4%	14.9M	-75.4M	-2.7M	0.79	1.49	32,115	25,480	1,370,060	392,271
2018-08-10	$14.39	$14.50	16.1%	4.7%	12.8%	19.7%	16.6%	-1.3%	-0.4%	10.0M	-14.2M	-2.6M	0.83	1.64	36,904	30,809	1,375,314	402,489
2018-08-13	$14.13	$14.50	16.7%	4.9%	14.1%	28.3%	17.2%	-0.6%	0.4%	5.0M	77.3M	-2.4M	0.56	1.21	55,164	30,905	1,364,156	413,047
2018-08-14	$14.17	$14.50	16.3%	4.7%	13.7%	22.4%	16.6%	-0.9%	0.0%	6.2M	49.6M	-2.5M	0.69	1.37	32,693	22,662	1,388,230	412,969
2018-08-15	$13.57	$14.50	18.8%	5.3%	20.1%	57.8%	19.1%	-0.1%	0.1%	1.8M	193.3M	-2.2M	0.37	1.54	144,477	53,170	1,391,964	413,132
2018-08-16	$13.78	$14.50	18.1%	5.1%	20.7%	47.4%	18.3%	0.5%	-0.3%	6.4M	118.3M	-2.4M	0.46	1.38	80,626	36,838	1,475,507	434,749
2018-08-17	$13.91	$14.50	17.6%	5.0%	20.6%	41.4%	17.8%	0.2%	-0.2%	7.5M	82.1M	-2.6M	0.95	1.82	41,307	39,394	1,487,522	435,035
2018-08-20	$13.87	$14.50	17.5%	5.0%	20.5%	39.9%	17.9%	0.5%	-0.2%	9.1M	32.5M	-2.4M	0.91	1.43	34,844	31,722	1,334,707	367,447
2018-08-21	$13.88	$14.50	17.5%	5.0%	20.4%	39.5%	17.7%	-0.1%	-0.2%	10.0M	24.1M	-2.5M	0.62	1.51	30,915	19,303	1,341,401	369,512
2018-08-22	$13.87	$14.50	17.3%	5.0%	20.0%	36.8%	17.8%	0.4%	-0.2%	10.5M	28.7M	-2.4M	0.88	16.74	31,088	27,211	1,352,629	370,307
2018-08-23	$13.65	$14.50	17.6%	5.0%	20.1%	40.4%	17.9%	-0.1%	0.2%	6.4M	91.5M	-2.2M	0.66	1.83	32,263	21,438	1,355,769	376,198
2018-08-24	$13.91	$14.50	17.2%	4.9%	21.4%	34.7%	17.2%	-0.7%	0.4%	9.7M	19.6M	-2.5M	0.45	1.13	50,715	22,622	1,365,450	382,670
2018-08-27	$14.00	$14.50	17.9%	5.0%	21.6%	45.0%	18.6%	0.4%	-0.1%	11.5M	-6.4M	-2.5M	0.27	1.76	32,929	8,772	1,365,733	377,148
2018-08-28	$13.82	$14.50	16.8%	4.9%	21.8%	30.0%	17.0%	-1.3%	0.4%	9.7M	52.8M	-2.3M	0.50	1.53	45,115	22,495	1,378,116	373,921
2018-08-29	$13.87	$14.50	16.4%	4.6%	21.7%	26.2%	16.8%	-0.5%	0.5%	11.0M	42.0M	-2.4M	2.54	1.23	36,911	93,785	1,394,131	383,674
2018-08-30	$13.69	$14.50	16.7%	4.7%	22.0%	31.5%	16.8%	-1.1%	0.1%	6.5M	103.7M	-2.5M	3.30	1.97	37,089	122,467	1,406,818	463,101
2018-08-31	$13.65	$14.50	16.1%	4.5%	21.8%	22.8%	16.1%	-0.3%	0.6%	5.4M	123.3M	-2.4M	1.95	1.60	58,074	113,273	1,418,243	485,583