SLV Options History — April 2021

In April 2021, SLV traded between $23.03 and $24.71. ATM implied volatility averaged 26.7%, placing in the 4.2% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 3.5% (HV 20d: 23.2%). Max pain ranged from $23.50 to $24.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.30.

Notable Days

  • 2021-04-15: Highest Volume — 411,198 contracts
  • 2021-04-15: Largest IV spike — 14.4% change
  • 2021-04-22: Highest IV Rank — 10.2%
  • 2021-04-05: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.83$23.03$24.71$23.12$23.99
Max Pain$23.76$23.50$24.00$24.00$24.00
ATM IV26.7%23.5%29.5%28.5%24.0%
Expected Move7.6%6.7%8.4%7.6%6.7%
HV 20d23.2%19.6%25.4%25.0%19.6%
HV 60d35.4%24.0%39.9%39.8%24.0%
IV Rank4.2%0.0%10.2%2.8%0.9%
IV Percentile2.5%0.0%7.9%2.0%0.4%
Term Structure0.1%-0.3%0.5%0.3%0.2%
VWIV28.3%25.2%31.3%27.8%26.4%
Skew 25d-2.6%-4.4%-0.7%-0.7%-3.4%
Skew 10d-5.0%-8.5%-1.3%-1.3%-7.4%
Call IV 25d29.3%26.0%31.5%29.9%27.2%
Put IV 25d26.7%23.7%30.1%29.3%23.8%
Bid-Ask Spread %1.501.281.761.281.55
Gamma HHI0.100.070.200.080.10
Net GEX84.6M47.2M126.3M49.2M88.0M
Net DEX-1.60B-2.35B-795.7M-928.3M-1.84B
Net VEX-19.8M-21.7M-17.8M-18.8M-20.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.140.490.460.46
Total Volume218,920.19113,677411,198237,125162,096
Total OI5,376,110.3814,783,5075,860,3415,347,9185,536,455

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-04-01$23.12$24.0028.5%7.6%25.0%2.8%27.8%-0.7%0.3%49.2M-928.3M-18.8M0.461.28162,66074,4653,832,7221,515,196
2021-04-05$23.03$23.5029.5%8.4%25.0%4.8%31.2%-1.3%-0.1%47.2M-818.7M-18.4M0.141.59100,14013,5373,843,9531,524,657
2021-04-06$23.32$23.5029.0%8.3%25.4%3.8%31.3%-2.9%-0.3%63.1M-1.10B-18.8M0.151.76236,23634,3033,903,1771,533,201
2021-04-07$23.31$23.5028.2%8.0%22.6%2.2%30.6%-2.2%-0.1%65.1M-1.12B-19.0M0.241.62117,27128,2343,997,1891,546,780
2021-04-08$23.62$23.5026.3%7.6%22.9%0.0%27.7%-2.2%-0.0%84.2M-1.38B-19.0M0.261.69163,80243,2594,036,0811,554,228
2021-04-09$23.43$23.5025.1%7.3%23.0%0.0%26.5%-1.6%0.1%75.0M-1.16B-18.8M0.211.53196,83042,2754,051,0831,563,912
2021-04-12$23.05$23.5024.5%7.0%23.5%0.0%26.0%-1.1%0.0%49.0M-795.7M-17.8M0.251.49144,60135,9914,067,6521,535,792
2021-04-13$23.53$23.5024.5%7.0%24.2%0.0%26.3%-2.1%0.1%77.4M-1.23B-18.6M0.491.52205,606100,9234,116,6281,548,135
2021-04-14$23.59$23.5023.5%6.8%23.9%0.0%25.2%-2.3%0.1%89.2M-1.30B-18.6M0.371.5297,15135,5534,140,9171,560,631
2021-04-15$24.01$23.5026.9%7.8%24.2%6.3%29.1%-3.4%0.4%104.3M-1.70B-19.2M0.291.57318,17393,0254,148,2641,572,998
2021-04-16$24.10$23.5026.3%7.6%23.7%5.2%27.4%-3.5%0.4%126.3M-1.89B-20.0M0.331.53246,14980,0804,257,8121,602,529
2021-04-19$23.95$24.0027.2%7.8%23.6%6.8%28.9%-3.6%0.5%78.6M-1.74B-20.1M0.391.39107,26642,1743,477,7021,305,805
2021-04-20$23.97$24.0026.1%7.5%22.8%4.7%28.1%-2.3%0.4%80.8M-1.69B-19.7M0.431.43129,50756,0953,530,4061,322,002
2021-04-21$24.71$24.0028.6%8.2%22.8%9.4%30.1%-3.2%0.2%99.3M-2.35B-20.9M0.191.50264,62349,4613,592,4261,349,616
2021-04-22$24.27$24.0029.0%8.3%23.9%10.2%29.6%-2.9%0.3%94.9M-2.03B-21.0M0.261.43231,62759,9223,701,1111,370,362
2021-04-23$24.12$24.0026.7%7.6%24.1%5.9%28.5%-3.1%0.3%86.6M-1.95B-20.8M0.391.44126,43648,8163,793,1601,387,482
2021-04-26$24.30$24.0027.8%7.9%24.1%7.9%29.3%-3.2%0.0%94.7M-2.03B-20.7M0.171.39116,52319,6683,747,9421,359,138
2021-04-27$24.39$24.0026.8%7.6%23.3%6.1%27.6%-2.9%-0.3%104.7M-2.17B-21.2M0.211.42180,35238,7153,809,8371,367,206
2021-04-28$24.36$24.0026.5%7.5%20.4%5.5%27.2%-3.0%0.1%106.6M-2.15B-21.2M0.181.42189,58333,7623,911,2351,390,283
2021-04-29$24.26$24.0026.7%7.6%20.1%5.8%29.6%-4.4%0.1%111.9M-2.16B-21.7M0.411.49121,25549,1794,088,1861,404,427
2021-04-30$23.99$24.0024.0%6.7%19.6%0.9%26.4%-3.4%0.2%88.0M-1.84B-20.8M0.461.55110,76251,3344,106,0701,430,385