SLV Options History — March 2019

In March 2019, SLV traded between $14.07 and $14.57. ATM implied volatility averaged 14.1%, placing in the 7.8% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded below realized volatility by 2.9% (HV 20d: 17.0%). Max pain ranged from $14.00 to $14.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.54.

Notable Days

2019-03-01: Highest Volume — 94,066 contracts
2019-03-26: Largest IV drop — 5.0% change
2019-03-04: Highest IV Rank — 14.3%
2019-03-04: Largest Expected Move — 4.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.34	$14.07	$14.57	$14.24	$14.18
Max Pain	$14.00	$14.00	$14.00	$14.00	$14.00
ATM IV	14.1%	13.6%	14.6%	14.4%	13.8%
Expected Move	4.2%	3.9%	4.4%	4.3%	4.1%
HV 20d	17.0%	15.4%	18.8%	15.8%	15.4%
HV 60d	15.0%	14.6%	15.4%	14.7%	15.0%
IV Rank	7.8%	0.0%	14.3%	11.9%	3.4%
IV Percentile	2.4%	0.0%	5.6%	2.4%	1.2%
Term Structure	-0.0%	-0.5%	0.5%	-0.1%	0.3%
VWIV	14.6%	12.7%	15.5%	14.8%	14.2%
Skew 25d	-0.7%	-1.6%	0.2%	-0.8%	-0.7%
Skew 10d	-1.6%	-3.5%	0.7%	-3.0%	-2.3%
Call IV 25d	15.2%	14.2%	15.8%	15.4%	14.6%
Put IV 25d	14.5%	13.6%	15.1%	14.6%	13.9%
Bid-Ask Spread %	1.59	1.10	2.24	1.70	1.37
Gamma HHI	0.18	0.15	0.24	0.18	0.16
Net GEX	20.1M	9.7M	26.9M	14.4M	9.7M
Net DEX	-283.6M	-385.6M	-167.1M	-207.8M	-201.8M
Net VEX	-2.6M	-2.8M	-2.5M	-2.6M	-2.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.10	1.59	0.72	0.61
Total Volume	48,458.429	23,746	94,066	94,066	42,116
Total OI	1,576,327.571	1,477,375	1,660,839	1,477,375	1,660,839

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
2019-03-01	$14.24	$14.00	14.4%	4.3%	15.8%	11.9%	14.8%	-0.8%	-0.1%	14.4M	-207.8M	-2.6M	0.72	1.70	54,700	39,366	1,050,613	426,762
2019-03-04	$14.14	$14.00	14.6%	4.4%	15.7%	14.3%	15.5%	-0.3%	0.1%	12.4M	-174.9M	-2.5M	0.79	1.70	22,921	18,152	1,051,181	432,563
2019-03-05	$14.20	$14.00	14.3%	4.2%	15.9%	10.4%	15.0%	0.2%	-0.5%	13.0M	-194.3M	-2.6M	0.15	1.55	74,365	11,235	1,058,482	440,265
2019-03-06	$14.15	$14.00	14.1%	4.2%	15.9%	6.3%	14.6%	-0.4%	-0.0%	15.9M	-219.5M	-2.6M	1.14	1.73	34,405	39,199	1,100,712	437,473
2019-03-07	$14.09	$14.00	14.5%	4.3%	15.5%	13.4%	15.4%	-0.2%	-0.2%	16.1M	-204.6M	-2.7M	1.59	1.47	32,643	51,784	1,121,626	461,901
2019-03-08	$14.39	$14.00	14.2%	4.1%	17.4%	8.6%	12.7%	-0.7%	0.1%	21.5M	-329.8M	-2.8M	0.27	1.82	40,529	10,868	1,134,756	473,925
2019-03-11	$14.36	$14.00	14.4%	4.1%	17.2%	11.8%	14.9%	-0.3%	-0.3%	21.8M	-317.0M	-2.7M	0.11	1.43	40,420	4,344	1,126,473	470,268
2019-03-12	$14.49	$14.00	14.3%	4.3%	17.4%	10.3%	15.2%	-1.0%	0.1%	24.0M	-371.5M	-2.8M	0.38	1.88	23,036	8,673	1,148,742	472,069
2019-03-13	$14.53	$14.00	14.0%	4.4%	17.4%	5.6%	14.7%	-0.8%	0.2%	24.9M	-385.6M	-2.7M	0.46	1.50	17,950	8,343	1,153,849	473,888
2019-03-14	$14.24	$14.00	14.3%	4.1%	18.6%	9.7%	15.0%	-0.7%	-0.2%	19.1M	-271.6M	-2.6M	0.34	1.93	23,971	8,232	1,156,087	476,342
2019-03-15	$14.35	$14.00	14.3%	4.1%	18.8%	9.8%	14.7%	-1.4%	-0.2%	21.9M	-320.3M	-2.7M	0.24	2.24	29,636	7,018	1,163,428	477,711
2019-03-18	$14.39	$14.00	14.2%	4.2%	18.2%	9.0%	14.7%	-1.1%	-0.1%	22.6M	-312.5M	-2.7M	0.48	1.33	20,200	9,794	1,087,882	453,317
2019-03-19	$14.40	$14.00	14.0%	4.0%	17.5%	5.8%	14.9%	-1.1%	-0.2%	23.3M	-317.0M	-2.6M	0.10	1.67	26,259	2,675	1,098,188	458,050
2019-03-20	$14.53	$14.00	13.9%	4.2%	17.7%	3.3%	14.0%	-0.7%	-0.1%	26.9M	-372.0M	-2.7M	0.10	1.44	65,589	6,801	1,113,921	458,904
2019-03-21	$14.49	$14.00	13.9%	4.0%	16.9%	4.1%	14.2%	-1.1%	-0.0%	26.3M	-337.4M	-2.7M	0.33	1.89	21,049	6,905	1,104,229	462,001
2019-03-22	$14.45	$14.00	14.1%	4.1%	16.8%	6.7%	14.6%	-1.6%	-0.3%	26.3M	-315.8M	-2.6M	0.20	1.71	19,780	3,966	1,104,701	465,163
2019-03-25	$14.57	$14.00	14.3%	4.4%	17.1%	9.6%	14.8%	-1.1%	0.3%	24.0M	-354.6M	-2.6M	0.17	1.13	29,383	5,044	1,090,571	462,457
2019-03-26	$14.47	$14.00	13.6%	4.0%	17.2%	0.0%	13.8%	0.1%	0.4%	22.4M	-321.5M	-2.6M	0.88	1.41	19,237	17,019	1,107,813	466,081
2019-03-27	$14.32	$14.00	13.7%	3.9%	17.2%	2.4%	13.8%	-1.1%	0.1%	18.7M	-259.0M	-2.6M	0.95	1.50	17,755	16,807	1,113,871	475,990
2019-03-28	$14.07	$14.00	14.1%	4.1%	17.9%	8.3%	14.4%	-0.5%	0.5%	17.2M	-167.1M	-2.5M	1.39	1.10	35,787	49,671	1,122,517	487,268
2019-03-29	$14.18	$14.00	13.8%	4.1%	15.4%	3.4%	14.2%	-0.7%	0.3%	9.7M	-201.8M	-2.6M	0.61	1.37	26,113	16,003	1,140,536	520,303