SLV Options History — January 2021

In January 2021, SLV traded between $22.97 and $25.62. ATM implied volatility averaged 43.8%, placing in the 35.5% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 6.6% (HV 20d: 37.1%). Max pain ranged from $23.00 to $24.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.36.

Notable Days

  • 2021-01-28: Highest Volume — 2,982,180 contracts
  • 2021-01-28: Largest IV spike — 57.0% change
  • 2021-01-29: Highest IV Rank — 67.0%
  • 2021-01-29: Largest Expected Move — 20.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.10$22.97$25.62$25.37$25.03
Max Pain$23.92$23.00$24.00$23.00$24.00
ATM IV43.8%35.2%68.8%48.4%68.8%
Expected Move12.5%10.0%20.2%13.8%20.2%
HV 20d37.1%29.6%42.0%29.6%42.0%
HV 60d35.5%32.9%37.3%34.3%37.3%
IV Rank35.5%24.1%67.0%41.6%67.0%
IV Percentile59.1%34.9%96.0%79.0%96.0%
Term Structure-0.2%-1.5%0.7%0.0%-0.8%
VWIV46.2%36.9%81.2%49.6%78.5%
Skew 25d-6.9%-35.6%-2.4%-5.6%-31.1%
Skew 10d-11.0%-57.0%-2.7%-9.5%-46.9%
Call IV 25d49.0%37.9%92.0%52.0%92.0%
Put IV 25d42.1%35.3%60.8%46.4%60.8%
Bid-Ask Spread %1.701.371.871.781.37
Gamma HHI0.080.060.140.100.14
Net GEX87.9M55.0M136.5M132.8M123.3M
Net DEX-3.43B-6.05B-1.74B-5.77B-4.28B
Net VEX-19.9M-25.8M-18.6M-20.1M-25.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.160.680.330.20
Total Volume618,470157,8352,982,180643,3651,678,175
Total OI6,895,048.3685,268,4268,325,9737,618,1566,685,042

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-01-04$25.37$23.0048.4%13.8%29.6%41.6%49.6%-5.6%0.0%132.8M-5.77B-20.1M0.331.78482,776160,5895,595,8912,022,265
2021-01-05$25.62$23.5049.6%14.2%29.6%43.1%49.6%-4.7%0.2%136.5M-6.05B-20.7M0.481.72312,409149,5895,672,7012,048,179
2021-01-06$25.31$24.0047.5%13.5%30.2%40.4%47.7%-4.9%-0.3%128.9M-5.62B-20.4M0.321.79316,714100,2755,721,9352,132,682
2021-01-07$25.28$24.0044.7%12.8%30.3%36.9%45.0%-4.4%-0.1%135.1M-5.52B-20.3M0.321.74299,39594,7825,758,1842,164,947
2021-01-08$23.59$24.0046.5%12.8%38.5%39.2%46.8%-4.7%-1.2%79.1M-3.59B-19.5M0.291.871,005,917290,1595,781,2892,212,944
2021-01-11$23.22$24.0045.1%12.6%39.1%37.5%44.9%-3.5%-1.1%68.7M-3.14B-18.9M0.681.72340,351229,9055,780,0482,261,972
2021-01-12$23.76$24.0043.3%12.2%39.7%35.1%43.4%-3.1%-0.5%89.6M-3.80B-19.9M0.391.77317,664122,9785,902,5482,354,902
2021-01-13$23.55$24.0039.7%11.3%39.8%30.6%40.1%-3.8%-0.2%79.7M-3.51B-19.6M0.421.65163,17568,2925,917,8382,367,163
2021-01-14$23.79$24.0040.8%11.6%38.9%32.0%42.2%-4.6%-0.2%88.4M-3.74B-19.8M0.181.82258,30645,7895,908,6042,370,494
2021-01-15$22.97$24.0038.2%10.9%39.2%28.7%39.6%-3.1%-0.7%70.5M-2.75B-18.7M0.471.77328,928154,2695,945,2552,380,718
2021-01-19$23.38$24.0036.8%10.6%38.7%27.0%38.0%-3.0%0.6%55.7M-1.78B-18.8M0.371.66238,80387,8023,736,2611,532,165
2021-01-20$24.03$24.0038.3%11.0%40.0%28.8%39.1%-3.3%0.4%76.8M-2.30B-19.5M0.301.66264,65878,3053,816,2961,565,586
2021-01-21$24.13$24.0037.1%10.6%39.6%27.4%38.3%-3.1%0.7%82.2M-2.36B-19.6M0.381.64178,15366,8343,874,4831,591,538
2021-01-22$23.69$24.0036.3%10.4%37.5%25.8%37.8%-2.4%0.6%63.2M-2.00B-19.1M0.331.70151,33750,3743,946,2741,626,782
2021-01-25$23.52$24.0036.4%10.3%37.1%25.6%37.1%-3.1%0.3%59.3M-1.84B-18.7M0.601.53129,91877,5353,911,6831,585,162
2021-01-26$23.66$24.0035.2%10.0%37.0%24.1%36.9%-2.5%0.1%63.7M-1.92B-18.6M0.331.62118,67839,1573,921,1171,614,451
2021-01-27$23.36$24.0038.3%10.9%36.5%28.0%42.1%-4.6%0.0%55.0M-1.74B-18.7M0.351.79272,42894,3313,955,6051,628,037
2021-01-28$24.70$24.0060.1%18.1%41.9%55.8%81.2%-35.6%-1.5%80.9M-3.45B-22.3M0.161.752,565,823416,3574,079,0971,635,781
2021-01-29$25.03$24.0068.8%20.2%42.0%67.0%78.5%-31.1%-0.8%123.3M-4.28B-25.8M0.201.371,402,323275,8524,914,5491,770,493