SLV Options History — December 2019

In December 2019, SLV traded between $15.48 and $16.74. ATM implied volatility averaged 15.6%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded below realized volatility by 0.5% (HV 20d: 16.2%). Max pain ranged from $15.00 to $16.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.32.

Notable Days

2019-12-24: Highest Volume — 233,023 contracts
2019-12-23: Largest IV spike — 19.2% change
2019-12-03: Highest IV Rank — 22.2%
2019-12-03: Largest Expected Move — 5.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.03	$15.48	$16.74	$15.80	$16.69
Max Pain	$15.31	$15.00	$16.50	$16.50	$15.50
ATM IV	15.6%	13.3%	17.2%	15.6%	17.1%
Expected Move	4.6%	3.8%	5.3%	4.8%	4.9%
HV 20d	16.2%	15.0%	17.4%	16.0%	16.8%
HV 60d	19.1%	16.0%	21.9%	20.8%	16.1%
IV Rank	13.5%	0.0%	22.2%	13.3%	21.7%
IV Percentile	39.4%	0.0%	57.5%	36.9%	57.5%
Term Structure	0.3%	-0.2%	0.8%	0.8%	0.3%
VWIV	16.6%	13.8%	19.4%	17.1%	18.7%
Skew 25d	-2.8%	-4.6%	-1.0%	-2.9%	-4.1%
Skew 10d	-5.2%	-7.6%	-3.0%	-5.7%	-7.1%
Call IV 25d	18.0%	15.2%	20.8%	17.5%	20.8%
Put IV 25d	15.2%	12.8%	16.9%	14.7%	16.7%
Bid-Ask Spread %	1.32	1.02	1.65	1.54	1.41
Gamma HHI	0.19	0.14	0.23	0.16	0.23
Net GEX	53.2M	24.5M	82.3M	40.7M	77.2M
Net DEX	-947.3M	-1.61B	-445.4M	-704.3M	-1.51B
Net VEX	-6.3M	-7.0M	-5.8M	-6.0M	-7.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.32	0.07	0.74	0.41	0.07
Total Volume	116,600.381	45,210	233,023	86,831	107,585
Total OI	3,858,234.81	3,584,734	4,023,716	3,643,718	3,893,544

Daily Data (21 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
2019-12-02	$15.80	$16.50	15.6%	4.8%	16.0%	13.3%	17.1%	-2.9%	0.8%	40.7M	-704.3M	-6.0M	0.41	1.54	61,429	25,402	2,772,762	870,956
2019-12-03	$16.05	$16.50	17.2%	5.3%	17.4%	22.2%	19.4%	-4.2%	-0.2%	55.9M	-914.7M	-6.2M	0.74	1.50	78,452	58,268	2,797,832	885,884
2019-12-04	$15.74	$16.00	15.6%	4.8%	16.8%	13.1%	18.3%	-3.4%	0.1%	38.1M	-640.0M	-6.2M	0.20	1.65	103,055	20,529	2,812,507	931,372
2019-12-05	$15.85	$15.00	15.9%	4.7%	17.1%	15.0%	16.7%	-2.3%	0.2%	50.0M	-757.1M	-6.3M	0.39	1.33	87,102	33,726	2,868,069	943,067
2019-12-06	$15.48	$15.00	15.2%	4.4%	16.2%	11.0%	17.5%	-1.0%	0.3%	24.5M	-445.4M	-5.9M	0.20	1.14	139,056	27,443	2,914,486	947,576
2019-12-09	$15.51	$15.00	15.1%	4.4%	15.0%	10.1%	16.5%	-2.3%	0.3%	25.2M	-489.0M	-5.8M	0.18	1.48	63,016	11,530	2,920,172	946,649
2019-12-10	$15.57	$15.00	14.9%	4.4%	15.0%	9.4%	16.5%	-2.3%	0.3%	31.3M	-551.2M	-5.9M	0.22	1.06	45,409	9,811	2,953,597	945,738
2019-12-11	$15.76	$15.00	16.0%	4.7%	15.7%	15.6%	16.8%	-2.6%	0.3%	45.1M	-715.1M	-6.3M	0.14	1.41	108,054	15,401	2,964,720	947,793
2019-12-12	$15.85	$15.00	15.9%	4.6%	15.6%	15.1%	16.1%	-2.2%	0.3%	52.7M	-802.4M	-6.4M	0.45	1.45	84,716	37,919	3,005,957	953,753
2019-12-13	$15.82	$15.00	15.1%	4.4%	15.6%	10.2%	16.0%	-2.0%	0.3%	44.1M	-781.4M	-6.3M	0.17	1.30	44,915	7,640	3,035,076	970,042
2019-12-16	$15.93	$15.00	15.4%	4.5%	15.7%	12.2%	15.2%	-2.7%	-0.1%	49.6M	-889.6M	-6.3M	0.28	1.25	69,200	19,099	3,001,001	959,359
2019-12-17	$15.88	$15.00	14.8%	4.3%	15.7%	8.8%	15.9%	-2.5%	-0.1%	47.7M	-820.2M	-6.2M	0.28	1.36	41,781	11,700	3,005,123	966,590
2019-12-18	$15.89	$15.00	14.3%	4.1%	15.6%	6.1%	14.2%	-2.0%	0.4%	46.8M	-815.3M	-6.0M	0.51	1.02	29,901	15,309	3,004,235	974,779
2019-12-19	$15.95	$15.00	14.4%	4.1%	15.6%	6.4%	14.5%	-1.7%	-0.1%	51.1M	-870.8M	-6.0M	0.51	1.32	58,813	30,017	3,012,401	979,125
2019-12-20	$16.04	$15.00	13.3%	3.8%	15.7%	0.0%	13.8%	-2.3%	0.5%	58.3M	-967.8M	-6.0M	0.47	1.20	74,793	34,853	3,034,858	988,858
2019-12-23	$16.29	$15.00	15.8%	4.5%	16.4%	14.6%	14.6%	-3.1%	0.7%	65.7M	-1.16B	-6.4M	0.44	1.29	148,082	65,041	2,692,775	891,959
2019-12-24	$16.57	$15.50	16.4%	4.7%	17.0%	17.9%	16.7%	-4.6%	0.6%	75.4M	-1.43B	-6.7M	0.24	1.23	187,266	45,757	2,761,185	948,488
2019-12-26	$16.72	$15.50	16.9%	5.0%	16.8%	20.7%	18.2%	-4.0%	0.3%	82.3M	-1.61B	-7.0M	0.12	1.32	178,445	21,483	2,848,390	986,546
2019-12-27	$16.60	$15.50	16.5%	4.6%	16.9%	18.3%	17.7%	-3.5%	0.6%	77.1M	-1.43B	-6.8M	0.37	1.21	72,886	26,856	2,843,599	995,977
2019-12-30	$16.74	$15.50	17.0%	4.9%	17.0%	21.4%	18.2%	-3.1%	0.2%	77.5M	-1.58B	-6.7M	0.38	1.23	106,576	40,292	2,846,607	999,524
2019-12-31	$16.69	$15.50	17.1%	4.9%	16.8%	21.7%	18.7%	-4.1%	0.3%	77.2M	-1.51B	-7.0M	0.07	1.41	100,468	7,117	2,874,386	1,019,158