SLV Options History — May 2021

In May 2021, SLV traded between $24.52 and $26.19. ATM implied volatility averaged 30.7%, placing in the 13.4% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 5.3% (HV 20d: 25.5%). Max pain ranged from $24.00 to $24.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.24.

Notable Days

  • 2021-05-06: Highest Volume — 613,188 contracts
  • 2021-05-17: Largest IV spike — 11.7% change
  • 2021-05-19: Highest IV Rank — 19.9%
  • 2021-05-19: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.50$24.52$26.19$24.96$25.89
Max Pain$24.00$24.00$24.00$24.00$24.00
ATM IV30.7%26.9%34.3%29.2%31.0%
Expected Move8.8%7.7%9.8%8.3%8.7%
HV 20d25.5%23.6%26.8%23.6%25.1%
HV 60d25.3%23.2%26.4%25.2%23.2%
IV Rank13.4%6.2%19.9%10.5%13.8%
IV Percentile20.1%4.8%35.7%11.5%21.8%
Term Structure0.3%-0.5%1.1%0.3%0.1%
VWIV32.8%28.3%35.8%31.1%31.3%
Skew 25d-4.5%-8.2%-2.8%-8.2%-5.3%
Skew 10d-8.4%-15.7%-3.9%-15.7%-9.2%
Call IV 25d34.6%31.5%37.7%35.9%35.0%
Put IV 25d30.1%26.8%33.2%27.7%29.6%
Bid-Ask Spread %1.631.361.961.571.53
Gamma HHI0.090.080.110.100.09
Net GEX142.1M117.5M164.6M124.8M150.6M
Net DEX-3.38B-4.27B-2.41B-2.87B-3.54B
Net VEX-23.8M-24.8M-22.0M-22.6M-24.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.240.140.500.190.25
Total Volume332,189.8133,934613,188438,895279,879
Total OI6,068,150.15,450,7586,524,8065,450,7586,268,323

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-05-03$24.96$24.0029.2%8.3%23.6%10.5%31.1%-8.2%0.3%124.8M-2.87B-22.6M0.191.57367,88371,0124,045,0701,405,688
2021-05-04$24.52$24.0029.0%8.6%24.6%10.2%31.7%-4.8%0.4%117.5M-2.43B-22.3M0.501.46241,597119,8684,172,5381,434,570
2021-05-05$24.55$24.0026.9%7.7%24.6%6.2%28.3%-4.7%0.5%123.0M-2.41B-22.0M0.301.37102,87231,0624,236,2961,487,725
2021-05-06$25.34$24.0029.9%8.6%26.4%11.9%34.8%-5.6%0.4%145.7M-3.29B-23.0M0.241.96495,188118,0004,251,4491,491,180
2021-05-07$25.45$24.0029.8%8.7%26.1%11.6%33.0%-5.1%0.3%161.1M-3.44B-23.7M0.281.85233,58265,8884,378,5451,551,059
2021-05-10$25.38$24.0029.0%8.4%25.1%10.1%33.4%-4.8%0.2%135.8M-3.25B-23.2M0.141.73443,09261,8404,297,0841,518,321
2021-05-11$25.62$24.0030.0%9.0%24.5%12.0%32.8%-5.0%1.1%144.2M-3.57B-24.0M0.241.70161,15338,6194,465,7801,543,045
2021-05-12$25.12$24.0029.6%8.6%25.9%11.2%32.2%-3.1%0.3%133.1M-3.00B-23.6M0.401.83241,90296,9624,514,4741,559,442
2021-05-13$25.16$24.0030.0%8.7%25.3%12.1%33.7%-3.0%0.6%129.4M-3.02B-23.7M0.231.76148,95934,9674,537,9021,611,035
2021-05-14$25.44$24.0029.6%8.5%25.5%11.2%31.8%-2.8%0.4%164.6M-3.33B-23.6M0.141.50351,01150,1344,564,8661,605,902
2021-05-17$26.16$24.0033.0%9.5%26.8%17.6%35.8%-5.0%0.5%151.8M-4.20B-24.5M0.141.70531,93073,5564,590,4851,570,422
2021-05-18$26.19$24.0033.0%9.5%26.8%17.5%35.4%-4.8%0.8%159.4M-4.27B-24.8M0.231.72291,78466,1384,712,9951,602,293
2021-05-19$25.70$24.0034.3%9.8%26.1%19.9%35.1%-3.7%-0.5%150.8M-3.74B-24.6M0.141.60351,03050,7314,795,8741,630,459
2021-05-20$25.78$24.0032.9%9.4%25.1%17.4%33.3%-2.8%0.3%154.7M-3.83B-24.3M0.301.36161,76048,3024,841,9291,643,062
2021-05-21$25.53$24.0031.1%8.9%25.3%14.0%32.2%-3.2%-0.1%121.7M-3.54B-23.9M0.271.47309,81082,5814,870,7461,654,060
2021-05-24$25.77$24.0031.8%9.0%25.3%15.4%32.0%-3.7%-0.1%134.6M-3.38B-24.1M0.211.84152,59232,3074,521,1151,458,517
2021-05-25$25.95$24.0033.2%9.4%25.4%17.9%33.4%-5.8%-0.3%141.4M-3.63B-24.5M0.151.73236,05636,1584,583,5071,472,890
2021-05-26$25.68$24.0030.9%8.8%25.8%13.6%31.9%-3.9%-0.2%142.7M-3.32B-24.1M0.241.51191,11646,7334,706,9521,487,836
2021-05-27$25.86$24.0030.7%8.7%25.7%13.3%32.3%-4.7%0.2%155.4M-3.54B-24.5M0.211.39185,90939,8334,768,4791,511,087
2021-05-28$25.89$24.0031.0%8.7%25.1%13.8%31.3%-5.3%0.1%150.6M-3.54B-24.3M0.251.53224,69555,1844,748,6611,519,662