SLV Options History — August 2019

In August 2019, SLV traded between $15.18 and $17.19. ATM implied volatility averaged 23.4%, placing in the 86.0% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 2.9% (HV 20d: 20.5%). Max pain ranged from $15.00 to $16.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.18.

Notable Days

2019-08-27: Highest Volume — 725,410 contracts
2019-08-23: Largest IV spike — 23.0% change
2019-08-07: Highest IV Rank — 100.0%
2019-08-27: Largest Expected Move — 8.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.10	$15.18	$17.19	$15.30	$17.15
Max Pain	$15.45	$15.00	$16.00	$15.00	$16.00
ATM IV	23.4%	18.1%	27.8%	20.3%	23.4%
Expected Move	6.8%	5.1%	8.1%	6.4%	6.9%
HV 20d	20.5%	18.2%	23.2%	19.3%	21.2%
HV 60d	17.3%	15.6%	18.7%	15.6%	18.7%
IV Rank	86.0%	53.4%	100.0%	76.9%	69.6%
IV Percentile	97.4%	82.5%	100.0%	98.0%	95.6%
Term Structure	-0.1%	-0.9%	0.7%	-0.5%	0.7%
VWIV	24.9%	19.8%	28.1%	22.3%	25.1%
Skew 25d	-5.7%	-7.4%	-3.5%	-3.5%	-5.8%
Skew 10d	-10.3%	-13.7%	-6.7%	-7.0%	-10.1%
Call IV 25d	27.3%	21.3%	33.0%	22.5%	27.9%
Put IV 25d	21.6%	17.4%	25.7%	19.0%	22.1%
Bid-Ask Spread %	1.51	1.20	1.74	1.74	1.67
Gamma HHI	0.20	0.15	0.38	0.19	0.15
Net GEX	71.1M	43.9M	117.7M	45.5M	76.1M
Net DEX	-1.57B	-2.32B	-901.4M	-949.5M	-2.21B
Net VEX	-6.8M	-8.1M	-5.4M	-5.4M	-7.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.18	0.08	0.43	0.32	0.18
Total Volume	258,016.818	71,805	725,410	216,189	200,953
Total OI	3,007,083.318	2,493,555	3,492,800	2,493,555	3,479,114

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
2019-08-01	$15.30	$15.00	20.3%	6.4%	19.3%	76.9%	22.3%	-3.5%	-0.5%	45.5M	-949.5M	-5.4M	0.32	1.74	163,315	52,874	1,910,101	583,454
2019-08-02	$15.18	$15.00	18.1%	5.1%	18.2%	53.4%	19.8%	-3.8%	0.1%	43.9M	-901.4M	-5.4M	0.14	1.64	107,024	14,723	1,965,154	596,230
2019-08-05	$15.34	$15.00	21.8%	6.3%	18.3%	93.1%	22.9%	-5.0%	-0.3%	47.8M	-980.9M	-5.7M	0.11	1.47	160,095	17,517	1,928,991	584,162
2019-08-06	$15.39	$15.00	21.3%	6.1%	18.3%	88.3%	22.8%	-4.8%	-0.3%	52.1M	-1.05B	-5.6M	0.10	1.33	93,139	9,108	1,987,998	589,679
2019-08-07	$15.97	$15.00	24.1%	6.9%	21.6%	100.0%	26.2%	-7.1%	-0.1%	65.1M	-1.48B	-6.0M	0.13	1.68	590,929	77,950	2,029,653	594,937
2019-08-08	$15.89	$15.50	24.7%	7.1%	21.5%	100.0%	25.5%	-7.2%	-0.2%	64.2M	-1.40B	-6.4M	0.20	1.56	197,465	39,473	2,142,746	640,033
2019-08-09	$15.88	$15.50	23.9%	7.0%	21.6%	92.9%	26.5%	-6.7%	0.0%	68.3M	-1.43B	-6.6M	0.13	1.47	175,139	23,339	2,229,401	661,755
2019-08-12	$15.98	$15.50	23.9%	6.9%	21.6%	93.3%	25.9%	-6.7%	0.1%	72.8M	-1.52B	-6.7M	0.13	1.46	159,378	20,242	2,275,195	648,428
2019-08-13	$15.88	$15.50	24.5%	7.0%	21.8%	97.8%	24.9%	-5.7%	-0.1%	71.5M	-1.47B	-6.8M	0.10	1.40	309,427	31,613	2,329,446	660,656
2019-08-14	$16.10	$15.50	24.0%	6.9%	20.6%	94.1%	25.7%	-6.0%	0.1%	77.7M	-1.64B	-7.1M	0.08	1.51	313,304	24,631	2,377,863	676,186
2019-08-15	$16.12	$15.50	23.3%	6.8%	19.2%	87.3%	26.4%	-5.6%	0.5%	81.8M	-1.65B	-7.1M	0.08	1.49	129,222	10,470	2,413,134	691,116
2019-08-16	$16.02	$15.50	22.1%	6.4%	19.0%	77.3%	25.1%	-4.9%	0.6%	117.7M	-1.57B	-6.9M	0.35	1.49	100,107	35,519	2,423,265	693,913
2019-08-19	$15.78	$15.50	22.1%	6.4%	19.6%	77.4%	24.3%	-4.7%	0.2%	61.2M	-1.25B	-6.7M	0.12	1.34	168,113	19,371	2,340,410	665,387
2019-08-20	$16.05	$15.50	22.0%	6.3%	20.4%	76.7%	23.7%	-5.7%	-0.3%	70.3M	-1.49B	-6.9M	0.17	1.62	123,912	20,789	2,373,052	675,106
2019-08-21	$16.04	$15.50	22.3%	6.4%	20.1%	78.6%	23.5%	-4.7%	0.1%	73.7M	-1.51B	-6.9M	0.21	1.20	131,011	27,718	2,431,965	686,172
2019-08-22	$15.97	$15.50	21.9%	6.3%	19.7%	75.7%	23.2%	-4.6%	0.0%	73.7M	-1.47B	-7.0M	0.43	1.36	50,177	21,628	2,502,729	709,562
2019-08-23	$16.36	$15.50	27.0%	7.7%	21.1%	100.0%	27.0%	-5.6%	0.0%	75.6M	-1.81B	-7.5M	0.15	1.66	270,994	41,376	2,503,622	726,635
2019-08-26	$16.53	$15.50	25.6%	7.4%	21.2%	89.8%	25.8%	-6.4%	-0.6%	82.0M	-1.90B	-7.7M	0.38	1.56	84,624	32,516	2,530,400	718,483
2019-08-27	$17.04	$15.50	27.8%	8.1%	23.2%	100.0%	28.1%	-7.3%	-0.7%	80.0M	-2.28B	-7.9M	0.19	1.53	609,667	115,743	2,537,055	742,384
2019-08-28	$17.19	$16.00	27.5%	8.0%	21.2%	97.8%	28.0%	-7.4%	-0.9%	78.0M	-2.32B	-8.1M	0.19	1.50	248,778	47,840	2,581,922	825,539
2019-08-29	$17.05	$16.00	23.8%	7.0%	21.8%	72.3%	24.6%	-5.5%	-0.4%	84.4M	-2.20B	-7.9M	0.15	1.58	527,263	77,894	2,633,390	859,410
2019-08-30	$17.15	$16.00	23.4%	6.9%	21.2%	69.6%	25.1%	-5.8%	0.7%	76.1M	-2.21B	-7.8M	0.18	1.67	170,898	30,055	2,585,040	894,074