SLV Options History — October 2019

In October 2019, SLV traded between $16.15 and $16.93. ATM implied volatility averaged 23.0%, placing in the 55.4% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded below realized volatility by 1.9% (HV 20d: 24.9%). Max pain ranged from $16.00 to $16.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.33.

Notable Days

2019-10-25: Highest Volume — 314,416 contracts
2019-10-25: Largest IV spike — 7.1% change
2019-10-02: Highest IV Rank — 70.1%
2019-10-02: Largest Expected Move — 7.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.49	$16.15	$16.93	$16.15	$16.93
Max Pain	$16.00	$16.00	$16.00	$16.00	$16.00
ATM IV	23.0%	20.8%	25.6%	24.5%	21.3%
Expected Move	6.6%	6.0%	7.6%	7.3%	6.0%
HV 20d	24.9%	13.9%	35.1%	35.1%	14.7%
HV 60d	27.5%	26.3%	28.2%	27.9%	26.3%
IV Rank	55.4%	42.9%	70.1%	64.1%	45.6%
IV Percentile	83.0%	73.8%	92.5%	91.3%	74.2%
Term Structure	-0.1%	-1.6%	1.3%	-0.5%	0.9%
VWIV	24.0%	21.4%	26.8%	26.7%	21.6%
Skew 25d	-3.7%	-5.2%	-1.9%	-3.6%	-2.9%
Skew 10d	-7.0%	-10.3%	-3.9%	-7.1%	-5.5%
Call IV 25d	25.9%	23.3%	29.3%	27.2%	23.6%
Put IV 25d	22.2%	20.4%	24.1%	23.6%	20.7%
Bid-Ask Spread %	1.35	0.96	1.87	1.55	1.30
Gamma HHI	0.15	0.13	0.17	0.13	0.17
Net GEX	42.5M	29.1M	60.5M	33.4M	60.5M
Net DEX	-1.14B	-1.41B	-941.9M	-954.4M	-1.41B
Net VEX	-7.5M	-8.0M	-6.8M	-7.4M	-7.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.33	0.11	0.94	0.65	0.32
Total Volume	120,529.478	42,076	314,416	253,956	133,662
Total OI	3,606,065.87	3,102,504	3,913,723	3,647,156	3,371,430

Daily Data (23 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
2019-10-01	$16.15	$16.00	24.5%	7.3%	35.1%	64.1%	26.7%	-3.6%	-0.5%	33.4M	-954.4M	-7.4M	0.65	1.55	154,273	99,683	2,692,141	955,015
2019-10-02	$16.43	$16.00	25.6%	7.6%	34.6%	70.1%	26.8%	-5.2%	-0.5%	46.6M	-1.18B	-7.9M	0.60	1.07	128,322	77,244	2,762,698	1,014,159
2019-10-03	$16.45	$16.00	25.4%	6.8%	31.4%	69.0%	25.5%	-4.6%	-0.6%	47.1M	-1.22B	-8.0M	0.38	1.47	108,390	41,415	2,789,793	1,063,176
2019-10-04	$16.41	$16.00	24.3%	6.6%	29.0%	62.9%	25.7%	-4.4%	-0.3%	49.4M	-1.14B	-7.9M	0.26	1.06	151,064	38,872	2,816,109	1,072,542
2019-10-07	$16.30	$16.00	24.5%	6.5%	29.1%	64.2%	25.6%	-4.7%	-1.6%	38.8M	-1.06B	-7.6M	0.31	1.25	45,159	13,985	2,772,748	1,017,212
2019-10-08	$16.61	$16.00	24.7%	7.4%	30.0%	65.0%	24.9%	-5.2%	1.3%	50.2M	-1.31B	-7.8M	0.34	1.19	66,434	22,758	2,776,800	1,020,924
2019-10-09	$16.62	$16.00	24.0%	7.3%	29.9%	61.4%	25.2%	-5.0%	1.2%	51.1M	-1.33B	-7.7M	0.59	1.18	58,613	34,314	2,799,317	1,031,625
2019-10-10	$16.38	$16.00	23.9%	6.5%	30.3%	60.9%	24.7%	-4.0%	-1.6%	39.4M	-1.09B	-7.6M	0.18	1.21	60,404	10,927	2,813,317	1,054,122
2019-10-11	$16.36	$16.00	23.9%	6.6%	27.9%	60.9%	24.9%	-2.8%	-1.1%	37.5M	-1.06B	-7.5M	0.28	1.39	104,832	29,720	2,812,856	1,056,630
2019-10-14	$16.49	$16.00	23.2%	6.6%	27.0%	56.6%	24.1%	-3.6%	0.8%	40.4M	-1.18B	-7.4M	0.14	1.41	72,216	10,325	2,801,985	1,048,751
2019-10-15	$16.27	$16.00	22.7%	6.5%	27.2%	53.9%	24.4%	-2.8%	0.5%	29.1M	-964.9M	-7.2M	0.27	0.98	64,731	17,432	2,820,435	1,052,744
2019-10-16	$16.27	$16.00	22.1%	6.3%	27.0%	50.4%	24.2%	-1.9%	0.6%	29.2M	-993.7M	-7.1M	0.20	0.96	55,784	10,899	2,824,784	1,045,946
2019-10-17	$16.40	$16.00	22.1%	6.3%	27.2%	50.3%	22.5%	-3.1%	0.1%	36.5M	-1.12B	-7.1M	0.20	1.50	91,857	18,021	2,841,081	1,038,894
2019-10-18	$16.43	$16.00	22.2%	6.4%	26.9%	50.8%	22.8%	-3.0%	0.2%	38.9M	-1.11B	-7.0M	0.94	1.23	42,355	39,755	2,868,935	1,044,788
2019-10-21	$16.39	$16.00	22.3%	6.4%	22.5%	51.4%	22.5%	-3.3%	-0.3%	32.3M	-941.9M	-6.8M	0.21	1.67	110,622	22,803	2,288,892	813,612
2019-10-22	$16.38	$16.00	21.8%	6.2%	22.5%	48.6%	21.7%	-2.9%	-0.7%	33.6M	-959.0M	-7.1M	0.27	1.25	56,000	14,928	2,332,493	823,840
2019-10-23	$16.39	$16.00	21.4%	6.1%	18.3%	46.4%	21.4%	-3.0%	-0.4%	36.2M	-970.7M	-7.1M	0.38	1.47	30,438	11,638	2,327,727	827,347
2019-10-24	$16.63	$16.00	21.6%	6.1%	19.0%	47.4%	23.2%	-4.3%	-0.4%	45.5M	-1.16B	-7.3M	0.11	1.87	163,544	18,433	2,343,784	831,826
2019-10-25	$16.87	$16.00	23.1%	6.7%	18.3%	56.2%	24.5%	-4.8%	-0.7%	53.2M	-1.34B	-7.7M	0.36	1.45	232,017	82,399	2,442,031	830,998
2019-10-28	$16.70	$16.00	21.8%	6.4%	15.6%	48.6%	24.0%	-4.0%	0.1%	48.3M	-1.24B	-7.7M	0.16	1.40	65,406	10,398	2,484,035	825,975
2019-10-29	$16.65	$16.00	21.4%	6.2%	15.1%	46.3%	23.5%	-3.8%	0.3%	48.4M	-1.21B	-7.6M	0.20	1.52	47,544	9,377	2,498,833	830,253
2019-10-30	$16.70	$16.00	20.8%	6.0%	13.9%	42.9%	22.1%	-2.9%	0.2%	51.0M	-1.23B	-7.6M	0.24	1.57	74,874	18,311	2,521,536	835,376
2019-10-31	$16.93	$16.00	21.3%	6.0%	14.7%	45.6%	21.6%	-2.9%	0.9%	60.5M	-1.41B	-7.7M	0.32	1.30	101,634	32,028	2,529,694	841,736