SLV Options History — May 2019

In May 2019, SLV traded between $13.44 and $13.98. ATM implied volatility averaged 14.0%, placing in the 10.4% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 0.7% (HV 20d: 13.2%). Max pain ranged from $13.50 to $14.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.82.

Notable Days

2019-05-23: Highest Volume — 122,787 contracts
2019-05-28: Largest IV spike — 5.4% change
2019-05-13: Highest IV Rank — 18.7%
2019-05-02: Largest Expected Move — 4.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.72	$13.44	$13.98	$13.76	$13.65
Max Pain	$13.93	$13.50	$14.00	$14.00	$13.50
ATM IV	14.0%	13.4%	14.5%	14.3%	14.1%
Expected Move	4.1%	3.8%	4.4%	4.2%	4.1%
HV 20d	13.2%	12.4%	14.4%	12.6%	12.6%
HV 60d	14.2%	13.2%	14.8%	14.4%	13.3%
IV Rank	10.4%	2.3%	18.7%	15.8%	12.6%
IV Percentile	8.9%	0.4%	20.6%	14.7%	15.9%
Term Structure	0.0%	-0.5%	1.1%	0.2%	0.1%
VWIV	14.5%	13.5%	15.4%	14.7%	15.4%
Skew 25d	-0.4%	-1.1%	0.7%	-0.8%	-0.6%
Skew 10d	-0.7%	-4.3%	0.9%	-1.4%	-1.2%
Call IV 25d	14.8%	14.3%	15.5%	15.1%	15.5%
Put IV 25d	14.4%	13.6%	15.1%	14.3%	14.8%
Bid-Ask Spread %	1.32	0.80	1.68	1.68	1.58
Gamma HHI	0.20	0.14	0.29	0.15	0.24
Net GEX	5.7M	-4.3M	16.8M	7.0M	7.1M
Net DEX	-83.6M	-185.6M	47.4M	-71.7M	-113.6M
Net VEX	-2.4M	-2.6M	-2.1M	-2.4M	-2.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.16	3.29	0.72	0.37
Total Volume	58,160.136	22,650	122,787	109,897	122,527
Total OI	1,596,403.318	1,456,261	1,732,945	1,456,261	1,732,945

Daily Data (22 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
2019-05-01	$13.76	$14.00	14.3%	4.2%	12.6%	15.8%	14.7%	-0.8%	0.2%	7.0M	-71.7M	-2.4M	0.72	1.68	63,920	45,977	1,087,932	368,329
2019-05-02	$13.72	$14.00	14.1%	4.4%	12.5%	13.0%	15.4%	-0.5%	0.0%	7.3M	-71.2M	-2.5M	0.53	1.19	44,401	23,699	1,129,568	399,343
2019-05-03	$13.98	$14.00	13.6%	4.0%	14.4%	5.2%	14.1%	-0.7%	0.1%	16.8M	-185.6M	-2.6M	1.26	1.68	44,948	56,764	1,143,296	406,085
2019-05-06	$13.98	$14.00	14.2%	4.1%	14.3%	13.1%	14.5%	-0.4%	0.1%	12.9M	-183.2M	-2.5M	3.29	1.06	11,086	36,489	1,129,872	376,968
2019-05-07	$13.97	$14.00	14.1%	4.1%	13.7%	11.9%	14.7%	-0.2%	0.1%	12.9M	-178.0M	-2.5M	1.15	1.25	17,376	19,947	1,134,049	387,091
2019-05-08	$13.91	$14.00	13.9%	4.1%	13.7%	9.7%	14.7%	-0.6%	0.0%	11.5M	-148.9M	-2.5M	1.20	1.16	22,998	27,525	1,142,080	416,135
2019-05-09	$13.84	$14.00	14.2%	4.2%	13.8%	13.2%	14.7%	-1.0%	-0.3%	8.0M	-105.7M	-2.5M	0.48	1.04	33,403	15,923	1,141,932	439,884
2019-05-10	$13.85	$14.00	13.9%	4.0%	12.4%	8.6%	14.1%	-0.5%	0.1%	6.1M	-101.7M	-2.5M	0.17	1.36	19,727	3,340	1,145,903	443,083
2019-05-13	$13.85	$14.00	14.5%	4.2%	12.4%	18.7%	14.8%	-0.7%	-0.1%	5.5M	-99.9M	-2.4M	0.16	1.07	32,905	5,112	1,129,805	437,062
2019-05-14	$13.86	$14.00	13.8%	4.0%	12.4%	8.3%	13.9%	-1.1%	0.1%	8.5M	-121.4M	-2.4M	0.74	1.35	15,625	11,490	1,161,322	437,763
2019-05-15	$13.86	$14.00	13.4%	3.9%	12.4%	2.3%	13.5%	-0.9%	0.2%	7.8M	-118.7M	-2.4M	0.45	0.97	15,674	6,976	1,165,689	439,295
2019-05-16	$13.64	$14.00	13.8%	4.0%	13.5%	7.5%	14.1%	0.1%	0.4%	4.9M	-19.1M	-2.3M	1.76	1.42	39,892	70,380	1,167,342	438,045
2019-05-17	$13.51	$14.00	14.1%	4.3%	13.8%	11.7%	14.9%	-0.3%	1.1%	-3.0M	47.4M	-2.3M	0.31	0.80	47,313	14,492	1,189,739	485,685
2019-05-20	$13.56	$14.00	14.1%	4.1%	13.9%	11.6%	15.0%	0.7%	-0.1%	-1.8M	-29.1M	-2.3M	0.23	1.51	19,025	4,412	1,152,226	428,943
2019-05-21	$13.53	$14.00	13.7%	4.0%	13.2%	6.9%	14.7%	0.5%	-0.4%	-3.4M	-25.2M	-2.3M	0.29	1.53	17,573	5,134	1,159,902	429,879
2019-05-22	$13.53	$14.00	13.7%	3.9%	12.7%	6.4%	14.0%	0.1%	0.1%	-4.3M	-23.7M	-2.2M	0.38	1.36	26,110	9,919	1,167,586	425,875
2019-05-23	$13.68	$14.00	14.0%	4.0%	13.5%	10.5%	14.0%	0.0%	-0.1%	4.7M	-95.8M	-2.4M	1.18	1.43	56,284	66,503	1,177,555	426,878
2019-05-24	$13.64	$14.00	13.5%	3.8%	13.2%	3.8%	14.5%	0.1%	0.5%	8.3M	-86.9M	-2.3M	0.54	1.39	15,237	8,271	1,214,311	435,462
2019-05-28	$13.44	$14.00	14.3%	4.1%	13.8%	14.8%	14.6%	-0.2%	-0.4%	1.0M	-107.3K	-2.1M	0.70	1.47	31,176	21,966	1,208,164	424,446
2019-05-29	$13.52	$13.50	14.1%	4.0%	13.9%	12.3%	13.9%	-0.5%	-0.5%	2.4M	-38.6M	-2.3M	0.95	1.15	40,369	38,314	1,231,057	441,818
2019-05-30	$13.61	$13.50	14.1%	4.1%	12.6%	11.9%	14.7%	-0.6%	-0.1%	5.4M	-67.8M	-2.4M	1.22	1.59	22,258	27,063	1,248,275	472,254
2019-05-31	$13.65	$13.50	14.1%	4.1%	12.6%	12.6%	15.4%	-0.6%	0.1%	7.1M	-113.6M	-2.5M	0.37	1.58	89,135	33,392	1,256,184	476,761