SLV Options History — June 2019

In June 2019, SLV traded between $13.78 and $14.47. ATM implied volatility averaged 16.6%, placing in the 50.3% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 2.7% (HV 20d: 13.9%). Max pain ranged from $13.50 to $14.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.34.

Notable Days

2019-06-28: Highest Volume — 247,882 contracts
2019-06-20: Largest IV spike — 17.4% change
2019-06-24: Highest IV Rank — 86.2%
2019-06-24: Largest Expected Move — 5.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.08	$13.78	$14.47	$13.86	$14.34
Max Pain	$13.93	$13.50	$14.00	$13.50	$14.00
ATM IV	16.6%	15.6%	19.1%	15.7%	17.9%
Expected Move	4.8%	4.4%	5.6%	4.8%	5.2%
HV 20d	13.9%	12.0%	15.5%	12.0%	14.7%
HV 60d	13.2%	12.8%	13.9%	13.7%	13.4%
IV Rank	50.3%	34.3%	86.2%	35.4%	69.1%
IV Percentile	58.2%	38.5%	96.0%	40.1%	85.7%
Term Structure	-0.1%	-0.8%	0.5%	-0.2%	0.2%
VWIV	17.4%	15.8%	19.9%	16.8%	17.9%
Skew 25d	-2.9%	-5.0%	-1.6%	-1.9%	-3.6%
Skew 10d	-5.5%	-9.3%	-2.4%	-2.9%	-7.1%
Call IV 25d	18.7%	16.7%	22.4%	17.1%	20.0%
Put IV 25d	15.8%	14.6%	17.9%	15.1%	16.4%
Bid-Ask Spread %	1.50	1.18	1.98	1.31	1.48
Gamma HHI	0.23	0.19	0.31	0.28	0.19
Net GEX	31.3M	20.0M	39.4M	23.3M	29.3M
Net DEX	-400.2M	-648.0M	-241.7M	-257.5M	-476.9M
Net VEX	-3.2M	-3.8M	-2.6M	-2.6M	-3.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.34	0.10	0.73	0.26	0.27
Total Volume	106,993.15	28,302	247,882	198,690	247,882
Total OI	1,924,992.9	1,758,070	2,117,011	1,758,070	2,117,011

Daily Data (20 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
2019-06-03	$13.86	$13.50	15.7%	4.8%	12.0%	35.4%	16.8%	-1.9%	-0.2%	23.3M	-257.5M	-2.6M	0.26	1.31	157,301	41,389	1,297,155	460,915
2019-06-04	$13.90	$13.50	15.6%	4.7%	12.0%	34.3%	16.7%	-2.2%	-0.5%	33.2M	-320.0M	-2.9M	0.26	1.49	43,825	11,296	1,403,189	452,216
2019-06-05	$13.86	$13.50	15.8%	4.9%	12.0%	38.3%	17.3%	-2.8%	-0.0%	34.3M	-301.3M	-3.0M	0.10	1.18	88,204	8,800	1,417,099	453,993
2019-06-06	$13.93	$14.00	15.8%	4.5%	12.1%	37.6%	15.9%	-2.3%	-0.2%	39.2M	-353.6M	-3.0M	0.22	1.61	63,848	14,029	1,423,521	456,665
2019-06-07	$14.07	$14.00	15.8%	4.4%	12.4%	37.7%	16.6%	-2.5%	-0.4%	34.4M	-441.0M	-3.1M	0.31	1.32	82,921	25,592	1,416,231	457,019
2019-06-10	$13.78	$14.00	15.8%	4.5%	14.6%	38.1%	15.9%	-1.8%	-0.0%	20.0M	-241.7M	-2.9M	0.22	1.30	44,846	9,867	1,394,570	462,988
2019-06-11	$13.81	$14.00	15.9%	4.5%	14.6%	38.5%	18.6%	-3.0%	-0.1%	22.5M	-257.2M	-3.0M	0.31	1.69	50,594	15,748	1,403,857	460,943
2019-06-12	$13.84	$14.00	15.9%	4.5%	14.7%	39.2%	16.8%	-2.1%	-0.0%	23.6M	-277.0M	-3.0M	0.52	1.21	21,822	11,389	1,432,294	472,317
2019-06-13	$13.94	$14.00	16.1%	4.5%	14.9%	41.3%	15.8%	-2.3%	-0.8%	30.7M	-352.3M	-3.1M	0.50	1.54	55,632	27,661	1,431,054	472,117
2019-06-14	$13.91	$14.00	15.7%	4.4%	13.6%	35.5%	15.9%	-1.6%	-0.2%	29.7M	-326.1M	-3.0M	0.18	1.35	100,043	18,501	1,460,284	477,928
2019-06-17	$13.89	$14.00	16.0%	4.6%	13.1%	40.2%	16.8%	-2.6%	-0.1%	28.3M	-323.3M	-3.0M	0.22	1.39	23,247	5,055	1,444,749	474,344
2019-06-18	$14.06	$14.00	16.4%	4.7%	13.6%	45.9%	16.9%	-2.9%	-0.2%	35.9M	-415.3M	-3.1M	0.44	1.98	52,712	23,138	1,448,580	470,354
2019-06-19	$14.14	$14.00	15.9%	4.6%	13.6%	39.0%	17.5%	-2.0%	-0.8%	39.4M	-456.3M	-3.2M	0.36	1.73	42,759	15,589	1,453,654	485,982
2019-06-20	$14.47	$14.00	18.7%	5.3%	15.5%	80.4%	19.4%	-5.0%	0.0%	37.2M	-648.0M	-3.3M	0.18	1.45	177,210	31,638	1,466,449	490,382
2019-06-21	$14.38	$14.00	17.9%	5.1%	15.5%	68.8%	18.0%	-3.6%	-0.3%	32.0M	-583.6M	-3.5M	0.49	1.71	63,984	31,318	1,490,522	508,709
2019-06-24	$14.47	$14.00	19.1%	5.6%	15.4%	86.2%	19.9%	-4.4%	0.1%	33.8M	-543.4M	-3.5M	0.34	1.33	97,111	32,903	1,419,793	463,146
2019-06-25	$14.39	$14.00	18.9%	5.5%	14.3%	83.9%	19.4%	-4.6%	0.4%	34.1M	-513.5M	-3.7M	0.24	1.86	125,581	29,598	1,474,001	490,036
2019-06-26	$14.32	$14.00	17.1%	5.0%	14.6%	57.7%	17.7%	-3.4%	0.5%	33.3M	-464.6M	-3.6M	0.73	1.38	72,635	52,973	1,506,073	509,330
2019-06-27	$14.28	$14.00	17.2%	5.1%	14.7%	59.3%	17.8%	-2.9%	0.3%	32.1M	-451.6M	-3.8M	0.59	1.76	76,305	44,917	1,533,566	546,822
2019-06-28	$14.34	$14.00	17.9%	5.2%	14.7%	69.1%	17.9%	-3.6%	0.2%	29.3M	-476.9M	-3.8M	0.27	1.48	195,520	52,362	1,552,966	564,045