SLV Options History — September 2018

In September 2018, SLV traded between $13.25 and $13.76. ATM implied volatility averaged 17.3%, placing in the 42.7% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 0.8% (HV 20d: 18.0%). Max pain ranged from $13.50 to $14.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.39.

Notable Days

  • 2018-09-04: Highest Volume — 202,264 contracts
  • 2018-09-28: Largest IV spike — 3.5% change
  • 2018-09-12: Highest IV Rank — 49.6%
  • 2018-09-04: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.39$13.25$13.76$13.29$13.76
Max Pain$13.79$13.50$14.50$14.50$13.50
ATM IV17.3%16.7%17.7%17.6%17.3%
Expected Move5.0%4.9%5.1%5.1%5.0%
HV 20d18.0%13.3%23.3%23.3%16.1%
HV 60d17.1%16.5%18.5%18.5%17.5%
IV Rank42.7%33.6%49.6%45.4%43.2%
IV Percentile59.7%39.3%76.2%71.8%60.3%
Term Structure0.1%-0.3%0.5%-0.0%0.4%
VWIV17.7%17.1%18.3%17.9%17.1%
Skew 25d-0.6%-1.8%0.9%0.0%-1.5%
Skew 10d-1.4%-4.1%2.6%-0.3%-4.1%
Call IV 25d18.2%17.7%19.2%18.4%18.3%
Put IV 25d17.7%16.4%18.7%18.4%16.8%
Bid-Ask Spread %1.371.101.621.621.60
Gamma HHI0.160.130.240.140.14
Net GEX8.7M2.1M16.5M2.1M14.5M
Net DEX82.3M-146.9M200.4M200.4M-146.9M
Net VEX-2.5M-2.9M-2.1M-2.1M-2.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.200.800.800.20
Total Volume87,701.78953,336202,264202,26477,758
Total OI2,077,754.2631,896,2212,176,9631,896,2212,118,469

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-09-04$13.29$14.5017.6%5.1%23.3%45.4%17.9%0.0%-0.0%2.1M200.4M-2.1M0.801.62112,37489,8901,414,944481,277
2018-09-05$13.35$14.5017.2%5.0%23.3%39.0%18.2%0.1%0.5%6.5M157.4M-2.3M0.681.6166,32844,8491,492,188487,040
2018-09-06$13.32$14.0017.4%5.0%23.1%44.6%18.2%-0.5%0.0%6.5M153.8M-2.4M0.221.2873,25915,9721,524,845498,652
2018-09-07$13.32$14.0017.3%4.9%23.1%43.4%17.7%-0.5%0.1%5.7M159.4M-2.4M0.321.3048,67915,6491,558,548502,012
2018-09-10$13.33$14.0017.2%4.9%23.1%41.9%17.6%0.3%-0.1%6.2M147.7M-2.4M0.281.2047,26813,1951,551,355497,211
2018-09-11$13.27$14.0017.4%4.9%22.4%44.4%17.5%0.9%-0.1%5.8M153.3M-2.3M0.491.2351,25825,1121,555,071494,257
2018-09-12$13.39$14.0017.7%5.1%22.7%49.6%17.9%0.3%0.2%8.2M116.5M-2.4M0.211.5467,59614,4991,578,890502,761
2018-09-13$13.33$14.0017.4%5.0%17.1%45.6%17.9%-0.6%-0.2%9.0M114.1M-2.4M0.281.1652,31914,7171,603,354497,233
2018-09-14$13.25$14.0017.6%5.0%16.0%48.0%18.0%0.0%-0.3%6.0M140.5M-2.4M0.201.4871,07014,1841,610,424499,148
2018-09-17$13.32$13.5017.2%4.9%15.7%41.6%17.2%-0.5%0.0%9.2M107.2M-2.4M0.601.2659,25435,7781,622,796494,933
2018-09-18$13.31$13.5017.4%5.0%15.7%44.6%17.7%-0.7%-0.2%8.5M116.4M-2.5M0.481.3837,44018,0301,633,234515,792
2018-09-19$13.39$13.5017.0%4.9%15.9%38.8%17.6%-0.5%0.5%10.4M86.1M-2.5M0.391.5849,61319,3671,638,645514,074
2018-09-20$13.45$13.5017.1%4.9%16.1%40.8%17.2%-0.4%0.3%11.8M79.8M-2.3M0.441.4255,67724,3401,649,102508,048
2018-09-21$13.43$13.5017.1%4.9%15.1%40.7%17.6%-0.6%0.3%16.5M66.3M-2.6M0.381.1268,92425,8991,664,430512,533
2018-09-24$13.43$13.5017.2%5.0%13.3%41.8%17.3%-1.5%0.1%8.2M-4.0M-2.4M0.711.1077,59655,4371,536,112439,804
2018-09-25$13.60$13.5017.4%5.0%13.9%45.6%18.3%-1.8%-0.1%10.8M-68.4M-2.7M0.241.5388,69721,4331,576,198476,641
2018-09-26$13.51$13.5017.1%4.9%13.4%39.4%17.9%-1.3%-0.2%9.7M-13.6M-2.6M0.331.2544,80114,7361,619,454490,632
2018-09-27$13.40$13.5016.7%4.9%13.5%33.6%17.5%-1.6%0.1%9.4M-2.5M-2.7M0.211.4643,9369,4001,627,525489,699
2018-09-28$13.76$13.5017.3%5.0%16.1%43.2%17.1%-1.5%0.4%14.5M-146.9M-2.9M0.201.6064,55813,2001,632,306486,163