SLV Options History — July 2019

In July 2019, SLV traded between $14.07 and $15.53. ATM implied volatility averaged 18.7%, placing in the 69.2% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 2.4% (HV 20d: 16.4%). Max pain ranged from $14.00 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.22.

Notable Days

2019-07-18: Highest Volume — 330,498 contracts
2019-07-16: Largest IV spike — 18.4% change
2019-07-17: Highest IV Rank — 100.0%
2019-07-22: Largest Expected Move — 6.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.78	$14.07	$15.53	$14.18	$15.20
Max Pain	$14.45	$14.00	$15.00	$14.00	$15.00
ATM IV	18.7%	15.1%	22.4%	15.9%	17.5%
Expected Move	5.4%	4.4%	6.6%	4.5%	5.0%
HV 20d	16.4%	13.9%	19.3%	14.6%	19.3%
HV 60d	14.6%	13.5%	15.8%	13.5%	15.6%
IV Rank	69.2%	27.2%	100.0%	39.0%	46.4%
IV Percentile	79.5%	30.6%	100.0%	44.4%	70.6%
Term Structure	-0.4%	-2.7%	1.4%	0.0%	-0.2%
VWIV	19.7%	16.3%	24.6%	17.0%	19.1%
Skew 25d	-4.3%	-5.2%	-3.5%	-3.8%	-3.5%
Skew 10d	-8.4%	-12.0%	-5.3%	-6.1%	-6.6%
Call IV 25d	21.8%	18.7%	26.5%	19.2%	20.7%
Put IV 25d	17.4%	14.5%	21.4%	15.4%	17.2%
Bid-Ask Spread %	1.42	1.16	1.78	1.78	1.72
Gamma HHI	0.20	0.16	0.34	0.19	0.19
Net GEX	44.2M	31.6M	66.6M	34.7M	43.9M
Net DEX	-764.9M	-1.23B	-357.1M	-410.5M	-877.1M
Net VEX	-4.6M	-5.5M	-3.8M	-4.0M	-5.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.22	0.07	0.51	0.15	0.33
Total Volume	130,071.136	30,850	330,498	65,580	110,475
Total OI	2,242,863.591	2,009,557	2,489,573	2,009,557	2,460,730

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
2019-07-01	$14.18	$14.00	15.9%	4.5%	14.6%	39.0%	17.0%	-3.8%	0.0%	34.7M	-410.5M	-4.0M	0.15	1.78	57,147	8,433	1,539,817	469,740
2019-07-02	$14.32	$14.00	18.4%	5.4%	14.9%	75.7%	19.6%	-3.6%	-0.2%	38.3M	-488.3M	-4.1M	0.14	1.16	52,420	7,595	1,567,695	473,544
2019-07-03	$14.32	$14.00	18.6%	5.4%	14.9%	80.3%	19.6%	-4.1%	-0.3%	41.0M	-497.0M	-4.1M	0.17	1.29	26,419	4,431	1,591,250	474,780
2019-07-05	$14.07	$15.00	16.2%	4.6%	16.3%	43.9%	16.8%	-4.1%	-0.1%	31.6M	-357.1M	-3.9M	0.19	1.45	83,493	16,020	1,601,684	475,939
2019-07-08	$14.07	$14.00	15.8%	4.5%	15.9%	37.0%	16.3%	-4.1%	-0.3%	31.6M	-360.3M	-3.8M	0.35	1.19	25,946	8,967	1,599,811	475,237
2019-07-09	$14.14	$14.00	15.5%	4.4%	13.9%	33.7%	16.9%	-3.9%	-0.3%	34.7M	-397.5M	-3.8M	0.27	1.24	27,714	7,390	1,596,949	474,136
2019-07-10	$14.28	$14.00	17.7%	4.4%	14.3%	66.0%	16.4%	-4.4%	-2.2%	40.9M	-475.3M	-3.8M	0.07	1.43	75,913	5,694	1,604,992	474,540
2019-07-11	$14.18	$14.00	15.1%	4.4%	14.6%	27.2%	17.1%	-4.3%	0.1%	35.8M	-425.9M	-3.9M	0.09	1.24	63,839	5,860	1,622,971	475,993
2019-07-12	$14.27	$14.00	17.6%	4.6%	14.5%	65.1%	17.5%	-4.2%	-2.6%	35.8M	-491.5M	-4.1M	0.16	1.44	81,216	13,137	1,654,387	479,363
2019-07-15	$14.40	$14.00	16.6%	4.6%	14.7%	48.8%	17.7%	-4.1%	1.4%	42.1M	-592.7M	-4.2M	0.18	1.64	43,090	7,808	1,661,466	475,290
2019-07-16	$14.56	$14.00	19.6%	5.7%	15.0%	94.3%	19.4%	-5.2%	-2.7%	47.3M	-690.6M	-4.3M	0.12	1.19	211,366	25,716	1,687,028	478,704
2019-07-17	$14.94	$14.00	20.1%	5.7%	16.9%	100.0%	22.1%	-4.5%	-0.3%	66.6M	-976.2M	-4.7M	0.10	1.50	271,710	28,347	1,776,895	486,461
2019-07-18	$15.30	$14.00	21.7%	6.2%	18.4%	100.0%	24.6%	-5.1%	1.3%	60.8M	-1.23B	-5.0M	0.22	1.35	271,107	59,391	1,859,469	498,051
2019-07-19	$15.16	$15.00	21.1%	6.1%	17.5%	93.2%	22.5%	-4.8%	-0.5%	50.1M	-1.16B	-5.1M	0.51	1.50	210,943	107,228	1,958,792	530,781
2019-07-22	$15.36	$15.00	22.4%	6.6%	17.6%	100.0%	23.8%	-4.9%	-0.5%	48.0M	-1.06B	-5.4M	0.23	1.55	133,161	30,992	1,792,492	517,291
2019-07-23	$15.36	$15.00	22.1%	6.5%	17.6%	97.5%	22.1%	-5.0%	-0.4%	48.8M	-1.08B	-5.5M	0.25	1.42	119,298	29,351	1,831,627	532,845
2019-07-24	$15.53	$15.00	22.1%	6.5%	17.5%	97.1%	23.4%	-4.7%	-0.4%	50.6M	-1.18B	-5.5M	0.38	1.68	138,980	52,143	1,856,327	545,177
2019-07-25	$15.36	$15.00	19.8%	5.8%	18.1%	71.3%	20.1%	-4.4%	-0.1%	48.6M	-1.03B	-5.3M	0.15	1.54	182,445	28,034	1,861,931	579,787
2019-07-26	$15.31	$15.00	19.3%	5.7%	18.1%	66.5%	20.8%	-3.7%	-0.2%	45.4M	-968.2M	-5.3M	0.31	1.45	70,845	22,256	1,883,532	589,219
2019-07-29	$15.41	$15.00	19.6%	5.9%	18.1%	69.2%	20.3%	-3.8%	-0.5%	47.4M	-1.01B	-5.3M	0.22	1.26	43,868	9,761	1,843,128	565,046
2019-07-30	$15.52	$15.00	19.6%	5.9%	17.3%	69.7%	20.3%	-4.4%	-0.0%	48.9M	-1.08B	-5.3M	0.15	1.29	71,220	10,396	1,848,833	569,269
2019-07-31	$15.20	$15.00	17.5%	5.0%	19.3%	46.4%	19.1%	-3.5%	-0.2%	43.9M	-877.1M	-5.1M	0.33	1.72	83,288	27,187	1,885,828	574,902