SLV Options History — February 2019

In February 2019, SLV traded between $14.60 and $15.10. ATM implied volatility averaged 14.8%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 0.8% (HV 20d: 14.0%). Max pain ranged from $14.00 to $14.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 0.43.

Notable Days

2019-02-19: Highest Volume — 89,206 contracts
2019-02-07: Largest IV spike — 7.6% change
2019-02-19: Highest IV Rank — 33.8%
2019-02-04: Largest Expected Move — 4.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.83	$14.60	$15.10	$14.93	$14.64
Max Pain	$14.00	$14.00	$14.00	$14.00	$14.00
ATM IV	14.8%	13.7%	16.0%	15.1%	14.0%
Expected Move	4.2%	3.9%	4.6%	4.5%	3.9%
HV 20d	14.0%	12.8%	15.9%	13.4%	12.8%
HV 60d	13.7%	13.4%	14.3%	14.3%	13.6%
IV Rank	13.5%	0.0%	33.8%	9.8%	4.7%
IV Percentile	3.9%	0.0%	14.3%	2.0%	0.4%
Term Structure	0.2%	-0.1%	0.7%	0.4%	0.0%
VWIV	15.0%	13.8%	16.4%	15.5%	14.2%
Skew 25d	-1.7%	-3.1%	-0.8%	-1.8%	-0.8%
Skew 10d	-3.3%	-5.1%	-1.9%	-2.7%	-1.9%
Call IV 25d	16.2%	15.0%	18.4%	16.6%	15.0%
Put IV 25d	14.4%	13.6%	15.4%	14.8%	14.1%
Bid-Ask Spread %	2.20	1.19	10.19	1.65	1.58
Gamma HHI	0.24	0.18	0.28	0.22	0.25
Net GEX	24.3M	18.8M	28.3M	26.2M	20.2M
Net DEX	-414.5M	-513.7M	-335.2M	-471.2M	-335.2M
Net VEX	-2.9M	-3.0M	-2.7M	-3.0M	-2.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.43	0.13	1.16	0.57	0.46
Total Volume	40,166.684	16,587	89,206	37,882	49,354
Total OI	1,428,282.789	1,379,993	1,472,533	1,403,680	1,464,126

Daily Data (19 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
2019-02-01	$14.93	$14.00	15.1%	4.5%	13.4%	9.8%	15.5%	-1.8%	0.4%	26.2M	-471.2M	-3.0M	0.57	1.65	24,176	13,706	1,000,840	402,840
2019-02-04	$14.89	$14.00	16.0%	4.6%	13.3%	23.6%	16.2%	-2.1%	0.2%	25.1M	-445.8M	-2.9M	0.52	4.81	18,926	9,823	989,346	390,647
2019-02-05	$14.86	$14.00	15.1%	4.4%	13.3%	10.4%	15.3%	-1.8%	0.2%	26.2M	-438.6M	-2.9M	0.23	1.56	23,342	5,453	994,939	394,598
2019-02-06	$14.69	$14.00	14.2%	4.1%	14.0%	0.0%	14.6%	-1.3%	0.1%	24.0M	-376.6M	-2.8M	0.58	1.51	20,735	12,059	1,005,223	395,839
2019-02-07	$14.77	$14.00	15.3%	4.4%	13.9%	16.6%	15.7%	-1.7%	0.3%	25.1M	-399.4M	-2.8M	1.16	1.55	18,073	20,998	1,007,446	402,899
2019-02-08	$14.86	$14.00	14.6%	4.3%	13.4%	6.8%	14.8%	-1.6%	0.5%	25.4M	-421.7M	-2.9M	1.15	1.68	17,500	20,125	1,013,301	416,903
2019-02-11	$14.73	$14.00	14.1%	4.1%	13.9%	0.0%	14.8%	-1.2%	0.7%	24.1M	-379.4M	-2.8M	0.28	1.53	12,917	3,670	1,003,966	403,670
2019-02-12	$14.73	$14.00	14.2%	4.1%	13.9%	0.3%	14.8%	-1.5%	0.3%	23.4M	-380.9M	-2.8M	0.24	1.98	18,585	4,369	1,007,726	404,918
2019-02-13	$14.60	$14.00	13.7%	3.9%	14.2%	0.0%	14.8%	-2.2%	0.4%	18.8M	-336.5M	-2.8M	0.27	1.60	36,382	9,905	1,011,038	407,160
2019-02-14	$14.65	$14.00	14.1%	4.0%	14.3%	6.1%	14.4%	-1.0%	0.2%	19.7M	-350.0M	-2.8M	0.27	1.64	23,032	6,132	1,025,365	411,942
2019-02-15	$14.82	$14.00	14.9%	4.2%	14.7%	20.0%	15.0%	-1.9%	0.5%	21.1M	-408.2M	-2.8M	0.20	1.41	38,118	7,780	1,034,455	411,906
2019-02-19	$15.01	$14.00	15.8%	4.5%	14.4%	33.8%	16.3%	-2.4%	0.2%	23.6M	-456.0M	-2.9M	0.39	1.50	64,022	25,184	992,061	399,362
2019-02-20	$15.10	$14.00	15.4%	4.4%	14.5%	28.3%	16.4%	-3.1%	0.1%	28.3M	-513.7M	-3.0M	0.13	10.19	65,493	8,763	1,023,383	410,609
2019-02-21	$14.86	$14.00	15.2%	4.3%	15.9%	24.4%	15.0%	-2.2%	0.1%	25.2M	-424.9M	-2.9M	0.28	1.54	35,086	9,696	1,041,211	413,869
2019-02-22	$14.93	$14.00	15.0%	4.3%	15.8%	21.5%	14.9%	-1.9%	-0.0%	26.4M	-461.0M	-3.0M	0.29	1.42	40,535	11,890	1,056,732	415,801
2019-02-25	$14.91	$14.00	14.8%	4.2%	13.2%	18.9%	14.6%	-1.6%	-0.1%	27.4M	-445.9M	-2.9M	0.22	1.92	20,364	4,513	1,044,713	413,580
2019-02-26	$14.93	$14.00	14.5%	4.1%	13.1%	13.7%	14.4%	-1.1%	-0.1%	27.0M	-443.6M	-2.8M	0.47	1.55	14,100	6,558	1,044,353	415,346
2019-02-27	$14.77	$14.00	14.7%	4.0%	13.6%	16.9%	13.8%	-1.4%	-0.1%	23.9M	-386.5M	-2.7M	0.48	1.19	28,277	13,526	1,046,173	419,087
2019-02-28	$14.64	$14.00	14.0%	3.9%	12.8%	4.7%	14.2%	-0.8%	0.0%	20.2M	-335.2M	-2.7M	0.46	1.58	33,756	15,598	1,042,871	421,255