SLV Options History — November 2018

In November 2018, SLV traded between $13.14 and $13.86. ATM implied volatility averaged 18.5%, placing in the 63.4% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 0.2% (HV 20d: 18.4%). Max pain ranged from $13.00 to $14.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.88.

Notable Days

2018-11-27: Highest Volume — 116,617 contracts
2018-11-28: Largest IV drop — 6.7% change
2018-11-26: Highest IV Rank — 85.1%
2018-11-26: Largest Expected Move — 5.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.48	$13.14	$13.86	$13.85	$13.32
Max Pain	$13.55	$13.00	$14.00	$13.50	$13.50
ATM IV	18.5%	17.1%	19.8%	18.5%	17.8%
Expected Move	5.4%	5.2%	5.9%	5.7%	5.4%
HV 20d	18.4%	14.4%	19.8%	18.7%	14.4%
HV 60d	17.0%	15.6%	19.0%	19.0%	15.7%
IV Rank	63.4%	40.6%	85.1%	63.0%	51.9%
IV Percentile	85.7%	46.8%	98.4%	91.7%	74.2%
Term Structure	0.0%	-0.6%	0.9%	-0.3%	-0.0%
VWIV	19.4%	18.1%	20.8%	20.7%	19.5%
Skew 25d	-0.8%	-1.7%	0.0%	-0.9%	0.0%
Skew 10d	-1.6%	-3.3%	-0.0%	-1.7%	-0.4%
Call IV 25d	19.7%	18.4%	21.6%	19.4%	18.4%
Put IV 25d	18.9%	17.6%	20.5%	18.5%	18.5%
Bid-Ask Spread %	1.69	1.33	2.02	1.77	1.70
Gamma HHI	0.22	0.16	0.31	0.17	0.31
Net GEX	-684.8K	-9.0M	10.6M	10.0M	-8.1M
Net DEX	-43.4M	-190.6M	105.8M	-185.7M	28.5M
Net VEX	-2.9M	-3.1M	-2.6M	-3.0M	-3.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.88	0.38	1.68	0.68	1.24
Total Volume	75,089.429	38,913	116,617	89,868	114,783
Total OI	2,032,460.048	1,952,572	2,151,292	1,973,332	2,151,292

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
2018-11-01	$13.85	$13.50	18.5%	5.7%	18.7%	63.0%	20.7%	-0.9%	-0.3%	10.0M	-185.7M	-3.0M	0.68	1.77	53,601	36,267	1,412,767	560,565
2018-11-02	$13.86	$13.50	18.2%	5.3%	18.6%	58.4%	19.1%	-1.6%	0.3%	10.6M	-190.6M	-2.9M	1.68	1.62	23,209	39,071	1,419,561	547,353
2018-11-05	$13.76	$14.00	18.4%	5.3%	17.5%	62.3%	18.8%	-1.1%	-0.2%	7.7M	-133.5M	-2.8M	0.82	1.45	23,387	19,269	1,408,360	544,212
2018-11-06	$13.64	$14.00	17.7%	5.3%	17.9%	50.1%	18.5%	-1.1%	0.1%	4.7M	-92.1M	-2.8M	0.78	1.82	29,220	22,687	1,410,094	551,161
2018-11-07	$13.68	$14.00	17.1%	5.2%	17.7%	40.6%	18.8%	-1.3%	0.2%	5.7M	-103.9M	-2.8M	0.76	1.39	22,100	16,813	1,415,632	556,960
2018-11-08	$13.55	$14.00	17.3%	5.2%	16.7%	43.0%	18.1%	-0.7%	0.5%	1.2M	-53.5M	-2.7M	0.61	1.76	32,611	19,742	1,416,153	562,673
2018-11-09	$13.32	$14.00	17.8%	5.2%	17.7%	50.9%	18.1%	-0.5%	-0.3%	-4.6M	40.7M	-2.6M	0.86	1.79	41,665	35,871	1,426,574	573,868
2018-11-12	$13.17	$14.00	18.2%	5.2%	17.8%	57.8%	18.3%	-0.5%	0.1%	-7.1M	90.8M	-2.6M	1.23	1.52	36,329	44,794	1,425,408	575,850
2018-11-13	$13.14	$14.00	18.3%	5.2%	17.8%	59.3%	18.4%	-0.2%	0.1%	-7.8M	105.8M	-2.6M	0.98	1.63	30,956	30,301	1,434,581	592,965
2018-11-14	$13.29	$13.00	18.4%	5.3%	18.5%	61.2%	18.8%	-0.5%	-0.1%	-5.4M	43.1M	-2.7M	0.50	1.86	44,128	22,088	1,448,039	602,072
2018-11-15	$13.45	$13.00	18.8%	5.5%	19.1%	68.3%	19.6%	-1.1%	0.3%	-3.6M	-34.4M	-2.9M	0.55	1.53	50,940	28,157	1,467,352	605,319
2018-11-16	$13.53	$13.00	18.6%	5.5%	19.2%	65.1%	18.9%	-0.8%	0.9%	-9.0M	-80.0M	-2.9M	1.15	1.85	39,808	45,686	1,475,644	610,834
2018-11-19	$13.54	$13.00	19.5%	5.6%	19.1%	79.6%	19.9%	-1.3%	-0.6%	2.5M	-86.4M	-2.9M	0.44	1.88	72,820	32,382	1,402,111	554,180
2018-11-20	$13.45	$13.50	19.4%	5.6%	18.7%	77.9%	20.6%	-1.0%	-0.1%	245.2K	-47.5M	-3.0M	1.16	1.73	33,744	39,106	1,441,567	571,194
2018-11-21	$13.61	$13.00	19.2%	5.5%	19.3%	75.4%	20.0%	-1.7%	-0.3%	2.6M	-111.9M	-3.1M	1.03	1.63	43,150	44,504	1,458,771	603,026
2018-11-23	$13.42	$13.50	19.7%	5.7%	19.8%	82.5%	20.4%	-0.9%	-0.3%	-663.8K	-33.8M	-3.1M	0.54	1.73	33,855	18,299	1,471,110	601,087
2018-11-26	$13.39	$13.50	19.8%	5.9%	19.7%	85.1%	20.6%	-0.8%	-0.0%	-1.4M	-31.5M	-3.0M	1.38	2.02	29,177	40,315	1,465,813	584,333
2018-11-27	$13.28	$13.50	19.7%	5.7%	19.0%	83.5%	20.8%	-0.3%	-0.2%	-4.7M	17.4M	-3.0M	1.07	1.33	56,376	60,241	1,471,295	605,586
2018-11-28	$13.44	$13.50	18.4%	5.5%	19.5%	61.5%	20.0%	-0.2%	-0.1%	-4.3M	-22.8M	-3.0M	0.55	1.82	53,096	29,354	1,476,393	645,845
2018-11-29	$13.44	$13.50	18.0%	5.3%	18.8%	54.8%	19.2%	-0.4%	0.6%	-3.2M	-31.0M	-3.0M	0.38	1.73	62,833	24,143	1,478,246	655,815
2018-11-30	$13.32	$13.50	17.8%	5.4%	14.4%	51.9%	19.5%	0.0%	-0.0%	-8.1M	28.5M	-3.0M	1.24	1.70	51,294	63,489	1,487,868	663,424