SLV Options History — December 2018

In December 2018, SLV traded between $13.49 and $14.53. ATM implied volatility averaged 17.3%, placing in the 42.9% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 3.1% (HV 20d: 14.1%). Max pain ranged from $13.00 to $13.50. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 1.06.

Notable Days

  • 2018-12-05: Highest Volume — 161,627 contracts
  • 2018-12-24: Largest IV spike — 14.7% change
  • 2018-12-27: Highest IV Rank — 87.4%
  • 2018-12-27: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.84$13.49$14.53$13.49$14.53
Max Pain$13.45$13.00$13.50$13.50$13.50
ATM IV17.3%15.7%20.0%17.6%18.1%
Expected Move5.0%4.6%5.9%5.3%5.0%
HV 20d14.1%13.1%15.7%15.3%13.5%
HV 60d16.1%15.6%16.4%15.9%16.0%
IV Rank42.9%17.8%87.4%47.9%55.8%
IV Percentile50.4%7.1%99.6%65.9%79.8%
Term Structure0.2%-1.0%0.9%-1.0%0.1%
VWIV18.3%16.3%21.6%18.8%18.3%
Skew 25d-2.1%-3.7%-0.8%-1.3%-3.2%
Skew 10d-4.6%-8.4%-1.1%-1.3%-6.4%
Call IV 25d19.2%16.7%22.6%18.7%21.0%
Put IV 25d17.1%15.6%18.9%17.5%17.8%
Bid-Ask Spread %1.961.308.251.871.60
Gamma HHI0.200.140.290.290.16
Net GEX9.9M-5.1M25.8M-5.1M25.8M
Net DEX-243.1M-532.1M-62.3M-62.3M-532.1M
Net VEX-2.9M-3.2M-2.7M-3.1M-3.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.135.850.430.14
Total Volume71,983.623,125161,62742,83477,028
Total OI2,130,547.52,080,2542,180,6732,172,5452,153,797

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-12-03$13.49$13.5017.6%5.3%15.3%47.9%18.8%-1.3%-1.0%-5.1M-62.3M-3.1M0.431.8729,96312,8711,483,735688,810
2018-12-04$13.64$13.0017.2%5.1%15.7%41.4%18.5%-1.7%0.3%-1.0M-129.9M-3.0M3.081.5939,240120,7921,487,692692,981
2018-12-05$13.64$13.0017.3%5.3%15.4%43.0%19.4%-1.8%0.9%-1.3M-126.6M-3.0M2.981.3840,628120,9991,487,692692,981
2018-12-06$13.59$13.5017.0%5.0%15.4%37.8%18.6%-1.7%0.5%-1.1M-115.9M-2.9M0.311.5217,6755,4501,494,387645,746
2018-12-07$13.69$13.5016.3%4.9%15.3%27.6%16.6%-2.2%0.5%3.2M-186.2M-2.9M5.851.5915,85992,8471,503,949648,199
2018-12-10$13.64$13.5016.4%4.9%13.9%28.8%17.9%-1.7%0.6%4.7M-163.8M-2.9M0.651.4019,88513,0111,501,382580,355
2018-12-11$13.66$13.5016.5%4.9%13.1%30.6%18.3%-1.6%0.5%5.4M-177.6M-2.8M0.541.4516,1928,7701,508,169585,559
2018-12-12$13.85$13.5016.9%4.9%13.7%37.1%17.2%-1.4%0.3%11.7M-252.5M-2.8M1.061.6127,21128,9491,510,234587,282
2018-12-13$13.86$13.5016.0%4.7%13.3%22.2%16.3%-1.7%0.4%13.8M-256.0M-2.7M0.491.7820,70010,1621,511,875571,154
2018-12-14$13.68$13.5015.7%4.6%13.8%17.8%16.9%-0.8%0.3%5.9M-167.5M-2.7M0.581.3052,83630,7561,519,948574,382
2018-12-17$13.77$13.5017.1%4.9%13.8%40.7%17.3%-1.4%0.1%10.7M-229.2M-2.8M1.781.4417,89031,8291,536,759575,036
2018-12-18$13.73$13.5016.8%4.8%13.9%34.6%17.2%-1.8%0.2%10.6M-221.3M-2.8M0.358.2527,5339,6781,546,646569,550
2018-12-19$13.69$13.5016.4%4.7%13.7%27.9%17.3%-1.6%0.4%9.1M-187.2M-2.8M0.601.7946,14927,9061,556,338576,284
2018-12-20$13.86$13.5017.5%5.0%13.7%47.5%18.4%-2.4%-0.4%16.7M-282.7M-2.8M0.451.9376,58534,2351,561,040587,977
2018-12-21$13.72$13.5016.3%4.6%13.2%26.9%17.0%-2.1%0.4%9.7M-213.2M-2.8M0.542.0536,55519,7421,584,802586,667
2018-12-24$13.88$13.5018.7%5.3%13.7%66.4%19.2%-2.9%0.1%14.1M-257.0M-2.9M0.821.9225,87021,1001,545,082535,172
2018-12-26$14.11$13.5018.9%5.5%14.0%69.8%21.2%-3.0%0.1%19.3M-349.4M-3.0M0.201.3286,07916,8411,554,281549,532
2018-12-27$14.28$13.5020.0%5.9%14.0%87.4%21.6%-3.7%0.1%23.5M-444.9M-3.1M0.131.5977,39910,2941,584,536557,467
2018-12-28$14.41$13.5018.8%5.4%14.2%67.8%20.2%-3.5%0.3%22.6M-505.8M-3.2M0.201.7559,90212,2611,612,001561,471
2018-12-31$14.53$13.5018.1%5.0%13.5%55.8%18.3%-3.2%0.1%25.8M-532.1M-3.1M0.141.6067,7689,2601,601,669552,128