SLV Options History — October 2018

In October 2018, SLV traded between $13.40 and $13.84. ATM implied volatility averaged 17.8%, placing in the 52.2% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 2.5% (HV 20d: 15.3%). Max pain ranged from $13.50 to $14.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.59.

Notable Days

2018-10-11: Highest Volume — 127,803 contracts
2018-10-08: Largest IV spike — 5.7% change
2018-10-11: Highest IV Rank — 78.6%
2018-10-11: Largest Expected Move — 5.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.68	$13.40	$13.84	$13.63	$13.40
Max Pain	$13.89	$13.50	$14.00	$13.50	$13.50
ATM IV	17.8%	16.7%	19.4%	17.3%	17.4%
Expected Move	5.2%	4.8%	5.6%	5.0%	5.4%
HV 20d	15.3%	13.0%	16.6%	16.5%	14.3%
HV 60d	17.5%	17.2%	18.0%	17.6%	17.7%
IV Rank	52.2%	33.4%	78.6%	42.7%	44.5%
IV Percentile	76.2%	37.3%	97.6%	59.9%	61.9%
Term Structure	0.0%	-0.4%	0.5%	0.4%	0.5%
VWIV	18.5%	16.8%	20.0%	18.3%	19.0%
Skew 25d	-1.3%	-2.0%	-0.4%	-1.1%	-0.8%
Skew 10d	-2.8%	-4.1%	-0.5%	-3.3%	-0.5%
Call IV 25d	19.4%	18.2%	21.9%	18.7%	18.6%
Put IV 25d	18.1%	16.7%	20.2%	17.6%	17.8%
Bid-Ask Spread %	1.78	1.24	2.05	1.24	1.72
Gamma HHI	0.15	0.14	0.18	0.14	0.18
Net GEX	10.8M	1.4M	16.3M	13.4M	1.4M
Net DEX	-139.2M	-208.9M	-12.6M	-116.3M	-12.6M
Net VEX	-2.8M	-2.9M	-2.6M	-2.8M	-2.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.59	0.23	1.52	0.25	1.23
Total Volume	72,173.913	36,346	127,803	50,815	93,943
Total OI	1,983,227.913	1,826,348	2,155,356	1,970,342	1,930,651

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
2018-10-01	$13.63	$13.50	17.3%	5.0%	16.5%	42.7%	18.3%	-1.1%	0.4%	13.4M	-116.3M	-2.8M	0.25	1.24	40,578	10,237	1,502,070	468,272
2018-10-02	$13.79	$13.50	17.6%	5.2%	13.6%	49.1%	17.8%	-1.1%	0.3%	16.2M	-189.9M	-2.8M	0.28	1.70	74,679	20,547	1,511,039	470,474
2018-10-03	$13.76	$13.50	17.7%	5.2%	13.7%	49.8%	18.0%	-2.0%	0.5%	15.6M	-167.1M	-2.8M	0.33	1.53	43,329	14,342	1,525,348	475,752
2018-10-04	$13.69	$14.00	17.7%	5.1%	13.8%	49.4%	18.2%	-1.5%	0.2%	15.0M	-146.2M	-2.8M	0.28	1.80	47,945	13,409	1,529,165	477,919
2018-10-05	$13.75	$14.00	17.4%	5.0%	13.8%	45.2%	17.8%	-1.6%	0.2%	13.1M	-160.3M	-2.7M	0.60	1.72	56,252	33,630	1,531,001	478,830
2018-10-08	$13.50	$14.00	18.4%	5.3%	15.5%	61.4%	18.9%	-0.6%	-0.1%	5.8M	-56.6M	-2.7M	0.29	1.86	57,783	16,529	1,490,744	492,965
2018-10-09	$13.52	$14.00	18.1%	5.3%	15.4%	56.7%	18.7%	-0.6%	0.3%	4.9M	-47.4M	-2.7M	0.46	1.64	31,519	14,439	1,503,187	494,838
2018-10-10	$13.44	$14.00	18.4%	5.3%	15.3%	61.9%	18.8%	-0.9%	0.3%	2.9M	-17.8M	-2.6M	0.76	1.82	48,753	37,286	1,506,341	496,298
2018-10-11	$13.70	$14.00	19.4%	5.6%	16.6%	78.6%	20.0%	-1.6%	-0.2%	10.0M	-155.2M	-2.9M	0.37	1.80	92,967	34,836	1,535,058	523,097
2018-10-12	$13.73	$14.00	18.6%	5.3%	16.4%	64.2%	19.2%	-1.6%	-0.4%	13.8M	-179.4M	-2.9M	0.23	1.87	81,218	19,032	1,560,388	519,642
2018-10-15	$13.79	$14.00	19.1%	5.4%	16.3%	72.4%	18.9%	-1.3%	-0.3%	16.3M	-208.9M	-2.9M	0.63	1.86	47,637	29,807	1,544,128	505,727
2018-10-16	$13.77	$14.00	18.2%	5.2%	16.4%	58.1%	18.4%	-1.4%	-0.1%	15.9M	-198.3M	-2.8M	0.66	1.88	54,864	36,298	1,559,853	521,910
2018-10-17	$13.73	$14.00	17.9%	5.1%	16.3%	52.7%	18.1%	-1.9%	-0.4%	15.9M	-184.1M	-2.9M	0.66	1.72	60,959	39,950	1,581,485	533,711
2018-10-18	$13.69	$14.00	17.2%	4.9%	16.4%	42.2%	18.1%	-1.6%	-0.4%	14.6M	-175.1M	-2.9M	0.50	1.71	31,400	15,757	1,603,088	552,268
2018-10-19	$13.75	$14.00	16.7%	4.8%	16.4%	33.4%	16.8%	-1.5%	-0.2%	10.5M	-203.3M	-2.8M	0.64	1.75	46,585	29,894	1,599,627	544,460
2018-10-22	$13.69	$14.00	17.2%	4.9%	16.5%	41.8%	19.0%	-1.3%	0.4%	8.9M	-131.9M	-2.8M	0.37	1.84	26,453	9,893	1,360,659	465,689
2018-10-23	$13.84	$14.00	17.7%	5.1%	16.4%	50.4%	18.2%	-1.4%	-0.1%	12.7M	-191.2M	-2.9M	0.36	2.01	46,910	16,944	1,368,534	466,656
2018-10-24	$13.77	$14.00	17.8%	5.3%	16.3%	51.1%	18.2%	-1.2%	-0.1%	11.3M	-167.0M	-2.9M	1.18	1.91	18,032	21,322	1,377,854	472,823
2018-10-25	$13.74	$14.00	17.2%	5.1%	16.0%	42.5%	18.1%	-1.3%	-0.0%	9.9M	-148.2M	-2.8M	0.74	2.05	22,474	16,694	1,382,318	485,739
2018-10-26	$13.81	$14.00	17.8%	5.2%	13.0%	51.4%	18.4%	-1.8%	0.1%	9.9M	-180.9M	-2.8M	0.44	1.96	41,221	18,111	1,388,949	492,436
2018-10-29	$13.57	$14.00	17.6%	5.4%	14.1%	48.4%	19.9%	-1.7%	-0.1%	4.9M	-73.5M	-2.6M	0.80	1.81	44,039	35,333	1,385,532	486,701
2018-10-30	$13.60	$13.50	17.9%	5.4%	13.4%	53.6%	19.3%	-0.4%	0.1%	6.4M	-91.5M	-2.8M	1.52	1.71	26,230	39,940	1,397,399	513,617
2018-10-31	$13.40	$13.50	17.4%	5.4%	14.3%	44.5%	19.0%	-0.8%	0.5%	1.4M	-12.6M	-2.7M	1.23	1.72	42,110	51,833	1,400,205	530,446