SLV Options History — October 2020

In October 2020, SLV traded between $21.72 and $23.39. ATM implied volatility averaged 45.5%, placing in the 39.6% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 0.3% (HV 20d: 45.2%). Max pain ranged from $22.00 to $23.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.45.

Notable Days

2020-10-09: Highest Volume — 836,376 contracts
2020-10-09: Largest IV spike — 10.4% change
2020-10-21: Highest IV Rank — 44.4%
2020-10-21: Largest Expected Move — 14.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.53	$21.72	$23.39	$22.14	$22.02
Max Pain	$22.91	$22.00	$23.00	$22.00	$23.00
ATM IV	45.5%	42.8%	49.4%	45.8%	43.8%
Expected Move	13.1%	12.1%	14.2%	13.2%	13.2%
HV 20d	45.2%	34.4%	54.6%	48.3%	34.7%
HV 60d	57.5%	51.5%	61.2%	59.6%	51.5%
IV Rank	39.6%	36.2%	44.4%	40.0%	37.5%
IV Percentile	73.8%	64.3%	81.7%	77.4%	67.9%
Term Structure	0.0%	-1.3%	4.5%	4.3%	-0.1%
VWIV	48.6%	43.7%	52.2%	47.7%	50.1%
Skew 25d	-4.1%	-7.8%	-0.6%	-2.8%	-0.6%
Skew 10d	-8.8%	-18.8%	-3.2%	-6.9%	-3.2%
Call IV 25d	49.2%	44.5%	55.1%	47.8%	46.1%
Put IV 25d	45.1%	41.7%	47.9%	45.0%	45.5%
Bid-Ask Spread %	1.61	1.27	1.87	1.41	1.44
Gamma HHI	0.06	0.06	0.07	0.06	0.07
Net GEX	72.9M	51.8M	96.3M	60.9M	55.0M
Net DEX	-3.16B	-4.15B	-2.20B	-2.83B	-2.45B
Net VEX	-23.0M	-24.9M	-21.3M	-22.2M	-21.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.45	0.22	0.78	0.50	0.49
Total Volume	307,562.545	200,560	836,376	354,613	226,589
Total OI	7,965,707.591	7,294,032	8,747,606	8,060,322	7,772,916

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
2020-10-01	$22.14	$22.00	45.8%	13.2%	48.3%	40.0%	47.7%	-2.8%	4.3%	60.9M	-2.83B	-22.2M	0.50	1.41	237,056	117,557	5,790,174	2,270,148
2020-10-02	$22.18	$22.00	43.8%	12.1%	47.6%	37.4%	43.7%	-1.9%	4.5%	59.9M	-2.83B	-22.9M	0.66	1.27	163,295	107,902	5,814,900	2,315,826
2020-10-05	$22.65	$23.00	45.0%	13.0%	48.1%	39.0%	48.6%	-4.2%	-0.6%	69.1M	-3.23B	-22.7M	0.44	1.86	156,824	68,592	5,708,086	2,265,920
2020-10-06	$21.79	$23.00	46.5%	13.1%	49.5%	40.8%	48.5%	-1.6%	-1.0%	51.8M	-2.38B	-21.7M	0.48	1.71	218,207	103,799	5,746,270	2,290,494
2020-10-07	$22.09	$23.00	46.2%	12.8%	49.5%	40.5%	47.4%	-2.6%	-1.3%	56.8M	-2.64B	-21.8M	0.78	1.70	136,314	105,664	5,789,928	2,333,615
2020-10-08	$22.21	$23.00	44.0%	12.3%	49.7%	37.7%	45.2%	-2.0%	-1.2%	58.1M	-2.70B	-21.6M	0.49	1.68	138,834	67,992	5,820,471	2,378,119
2020-10-09	$23.38	$23.00	48.6%	13.8%	53.7%	43.4%	50.1%	-5.0%	-0.7%	85.3M	-4.07B	-23.6M	0.23	1.73	680,150	156,226	5,861,766	2,400,118
2020-10-12	$23.39	$23.00	47.5%	13.7%	53.1%	42.0%	49.6%	-5.8%	0.4%	92.0M	-4.15B	-24.3M	0.36	1.81	263,876	95,348	6,026,291	2,332,173
2020-10-13	$22.51	$23.00	48.6%	14.0%	54.5%	43.5%	51.8%	-5.9%	0.1%	67.8M	-3.34B	-23.9M	0.40	1.87	306,091	123,219	6,108,527	2,361,596
2020-10-14	$22.60	$23.00	46.7%	13.5%	54.6%	41.1%	48.5%	-4.5%	0.6%	73.3M	-3.43B	-24.1M	0.45	1.54	168,099	75,708	6,213,315	2,418,544
2020-10-15	$22.61	$23.00	47.3%	13.5%	54.6%	41.8%	51.4%	-5.4%	0.1%	75.4M	-3.48B	-24.4M	0.33	1.78	186,677	61,898	6,259,278	2,437,978
2020-10-16	$22.47	$23.00	44.8%	12.9%	54.6%	38.8%	47.8%	-4.8%	0.3%	87.7M	-3.30B	-23.8M	0.36	1.65	229,540	83,099	6,296,105	2,451,501
2020-10-19	$22.61	$23.00	44.7%	12.8%	45.8%	38.6%	48.9%	-5.6%	-0.8%	78.2M	-3.21B	-23.4M	0.28	1.59	216,323	61,443	5,291,497	2,002,535
2020-10-20	$23.03	$23.00	46.6%	13.3%	46.2%	40.9%	50.6%	-5.6%	-0.8%	86.7M	-3.64B	-23.9M	0.25	1.68	241,182	60,684	5,377,180	2,016,071
2020-10-21	$23.26	$23.00	49.4%	14.2%	36.5%	44.4%	52.2%	-7.8%	-1.3%	96.3M	-3.94B	-24.9M	0.22	1.76	254,526	55,906	5,463,101	2,034,867
2020-10-22	$22.99	$23.00	45.5%	13.1%	36.7%	39.6%	48.3%	-5.1%	-0.7%	93.7M	-3.62B	-24.0M	0.41	1.56	143,230	58,754	5,530,393	2,047,547
2020-10-23	$22.84	$23.00	43.7%	12.6%	36.8%	37.4%	47.0%	-4.3%	-0.8%	89.3M	-3.39B	-23.1M	0.44	1.47	139,684	60,876	5,546,649	2,065,355
2020-10-26	$22.62	$23.00	42.8%	12.5%	35.5%	36.2%	48.2%	-5.8%	0.1%	78.0M	-3.13B	-22.3M	0.46	1.44	142,867	65,729	5,469,517	2,041,540
2020-10-27	$22.72	$23.00	43.0%	12.7%	34.7%	36.6%	46.8%	-4.2%	0.3%	76.9M	-3.17B	-22.4M	0.75	1.45	144,755	108,943	5,472,033	2,062,639
2020-10-28	$21.77	$23.00	43.8%	13.0%	35.2%	37.5%	48.5%	-3.5%	-0.1%	56.9M	-2.31B	-21.6M	0.63	1.56	286,381	181,348	5,526,774	2,117,661
2020-10-29	$21.72	$23.00	43.0%	12.9%	34.4%	36.5%	47.8%	-2.1%	-0.3%	55.0M	-2.20B	-21.3M	0.45	1.46	182,859	82,330	5,546,924	2,169,225
2020-10-30	$22.02	$23.00	43.8%	13.2%	34.7%	37.5%	50.1%	-0.6%	-0.1%	55.0M	-2.45B	-21.3M	0.49	1.44	152,258	74,331	5,594,680	2,178,236