SLV Options History — April 2019

In April 2019, SLV traded between $13.89 and $14.30. ATM implied volatility averaged 14.1%, placing in the 9.9% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 1.5% (HV 20d: 12.7%). Max pain ranged from $14.00 to $14.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.08.

Notable Days

2019-04-11: Highest Volume — 139,211 contracts
2019-04-25: Largest IV drop — 4.7% change
2019-04-08: Highest IV Rank — 19.4%
2019-04-16: Largest Expected Move — 4.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.10	$13.89	$14.30	$14.15	$14.03
Max Pain	$14.00	$14.00	$14.00	$14.00	$14.00
ATM IV	14.1%	13.3%	14.8%	14.1%	13.7%
Expected Move	4.0%	3.9%	4.2%	4.0%	4.0%
HV 20d	12.7%	10.5%	15.3%	15.3%	10.6%
HV 60d	14.6%	13.9%	15.1%	14.7%	13.9%
IV Rank	9.9%	0.0%	19.4%	8.7%	6.5%
IV Percentile	7.0%	0.0%	15.9%	5.2%	2.4%
Term Structure	-0.1%	-0.8%	0.7%	0.4%	0.7%
VWIV	14.2%	13.5%	14.8%	14.4%	14.4%
Skew 25d	-0.6%	-1.2%	0.2%	-1.2%	-0.9%
Skew 10d	-1.3%	-3.8%	0.8%	-3.2%	0.2%
Call IV 25d	15.1%	14.1%	16.1%	15.7%	14.6%
Put IV 25d	14.6%	13.6%	15.8%	14.4%	13.7%
Bid-Ask Spread %	1.41	1.14	1.71	1.43	1.44
Gamma HHI	0.17	0.14	0.24	0.16	0.14
Net GEX	5.7M	-4.0M	16.1M	9.4M	7.6M
Net DEX	-145.9M	-231.9M	-77.7M	-166.8M	-148.1M
Net VEX	-2.5M	-2.7M	-2.4M	-2.5M	-2.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.08	0.14	3.28	0.40	0.26
Total Volume	52,568.857	16,068	139,211	17,940	91,629
Total OI	1,493,904.571	1,365,142	1,618,305	1,449,863	1,402,498

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
2019-04-01	$14.15	$14.00	14.1%	4.0%	15.3%	8.7%	14.4%	-1.2%	0.4%	9.4M	-166.8M	-2.5M	0.40	1.43	12,796	5,144	1,051,580	398,283
2019-04-02	$14.15	$14.00	13.9%	3.9%	15.2%	4.5%	13.9%	-1.1%	-0.2%	8.0M	-159.6M	-2.5M	1.41	1.45	14,192	19,945	1,054,736	401,507
2019-04-03	$14.18	$14.00	14.0%	4.0%	15.1%	6.9%	14.0%	-0.5%	-0.1%	8.5M	-168.7M	-2.5M	0.46	1.14	38,177	17,682	1,062,238	401,819
2019-04-04	$14.22	$14.00	14.6%	4.1%	15.1%	16.3%	14.4%	-0.2%	-0.1%	12.7M	-195.4M	-2.6M	1.40	1.25	37,923	52,939	1,090,838	394,600
2019-04-05	$14.15	$14.00	14.4%	4.1%	13.1%	13.0%	14.5%	-0.5%	0.1%	9.9M	-170.6M	-2.6M	1.43	1.38	19,491	27,837	1,114,411	421,040
2019-04-08	$14.30	$14.00	14.8%	4.2%	13.7%	19.4%	14.7%	-1.2%	-0.2%	16.1M	-231.9M	-2.7M	0.81	1.53	17,041	13,875	1,108,605	409,220
2019-04-09	$14.28	$14.00	14.8%	4.1%	13.2%	18.8%	14.5%	-0.9%	-0.7%	15.3M	-226.4M	-2.6M	2.71	1.32	24,393	66,128	1,117,247	410,255
2019-04-10	$14.28	$14.00	14.7%	4.0%	13.2%	17.9%	13.8%	-1.1%	-0.8%	9.8M	-199.2M	-2.6M	3.28	1.31	13,150	43,139	1,125,769	440,366
2019-04-11	$14.03	$14.00	14.5%	4.2%	12.7%	14.9%	14.6%	-0.5%	0.2%	2.5M	-77.7M	-2.5M	3.09	1.25	34,061	105,150	1,126,214	437,729
2019-04-12	$14.05	$14.00	14.0%	4.0%	12.3%	7.1%	14.0%	-0.8%	-0.0%	1.9M	-100.2M	-2.5M	0.70	1.33	25,511	17,942	1,142,684	466,334
2019-04-15	$14.05	$14.00	14.1%	4.0%	12.3%	8.6%	14.0%	-0.6%	0.1%	1.3M	-103.1M	-2.5M	0.58	1.38	13,940	8,117	1,136,631	465,141
2019-04-16	$14.07	$14.00	14.7%	4.2%	12.3%	17.9%	14.8%	-0.3%	-0.6%	2.2M	-121.3M	-2.5M	0.75	1.25	13,276	9,920	1,142,015	462,495
2019-04-17	$14.03	$14.00	14.1%	4.1%	11.7%	9.1%	14.2%	0.2%	0.0%	-783.5K	-103.8M	-2.5M	0.38	1.23	18,633	7,136	1,146,364	466,707
2019-04-18	$14.05	$14.00	14.0%	4.0%	11.7%	7.0%	14.1%	0.2%	-0.4%	-4.0M	-123.9M	-2.5M	0.14	1.40	63,587	9,102	1,151,229	467,076
2019-04-22	$14.07	$14.00	14.2%	4.1%	11.8%	10.1%	14.6%	-1.0%	-0.3%	4.5M	-146.1M	-2.5M	0.33	1.37	12,051	4,017	1,001,162	363,980
2019-04-23	$13.89	$14.00	14.0%	4.0%	11.9%	6.5%	14.1%	-0.6%	0.2%	1.0M	-78.6M	-2.4M	1.02	1.71	30,796	31,263	1,006,234	366,228
2019-04-24	$14.01	$14.00	13.9%	4.1%	12.3%	5.8%	14.3%	-0.6%	0.2%	1.0M	-118.3M	-2.5M	0.99	1.48	23,307	23,137	1,020,822	383,961
2019-04-25	$14.01	$14.00	13.3%	3.9%	11.9%	0.0%	13.5%	-0.5%	0.1%	-642.0K	-118.1M	-2.5M	0.85	1.55	21,837	18,568	1,029,185	383,635
2019-04-26	$14.11	$14.00	13.5%	3.9%	10.5%	3.7%	13.6%	-0.2%	0.1%	6.2M	-167.2M	-2.5M	0.88	1.63	39,836	35,135	1,034,077	377,311
2019-04-29	$13.99	$14.00	13.7%	3.9%	10.5%	5.7%	13.6%	-0.1%	0.1%	7.3M	-139.4M	-2.5M	0.83	1.70	12,074	10,069	1,033,024	356,746
2019-04-30	$14.03	$14.00	13.7%	4.0%	10.6%	6.5%	14.4%	-0.9%	0.7%	7.6M	-148.1M	-2.5M	0.26	1.44	72,556	19,073	1,038,818	363,680