SLV Options History — June 2021

In June 2021, SLV traded between $23.90 and $26.12. ATM implied volatility averaged 27.6%, placing in the 7.5% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 6.6% (HV 20d: 21.0%). Max pain ranged from $24.00 to $25.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.34.

Notable Days

2021-06-17: Highest Volume — 739,452 contracts
2021-06-08: Largest IV drop — 8.8% change
2021-06-01: Highest IV Rank — 14.1%
2021-06-01: Largest Expected Move — 9.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.99	$23.90	$26.12	$25.88	$24.22
Max Pain	$24.45	$24.00	$25.00	$24.00	$24.50
ATM IV	27.6%	23.8%	31.1%	31.1%	25.1%
Expected Move	7.9%	6.6%	9.0%	9.0%	7.1%
HV 20d	21.0%	15.9%	23.2%	21.3%	22.9%
HV 60d	23.2%	22.3%	24.1%	23.2%	22.8%
IV Rank	7.5%	0.5%	14.1%	14.1%	3.0%
IV Percentile	9.3%	0.4%	23.4%	23.4%	3.2%
Term Structure	0.4%	-0.3%	1.0%	0.9%	0.1%
VWIV	29.9%	24.3%	35.5%	32.5%	26.8%
Skew 25d	-3.4%	-7.4%	0.1%	-7.4%	-1.1%
Skew 10d	-6.8%	-15.5%	1.1%	-15.5%	-2.7%
Call IV 25d	30.9%	25.6%	36.5%	36.5%	27.2%
Put IV 25d	27.5%	24.7%	30.3%	29.0%	26.1%
Bid-Ask Spread %	1.42	1.04	1.62	1.59	1.05
Gamma HHI	0.09	0.07	0.12	0.09	0.07
Net GEX	123.0M	71.2M	179.5M	147.5M	78.7M
Net DEX	-2.45B	-3.83B	-1.10B	-3.55B	-1.46B
Net VEX	-22.7M	-24.7M	-20.3M	-24.0M	-20.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.34	0.15	0.81	0.16	0.39
Total Volume	308,153.682	172,173	739,452	384,117	188,085
Total OI	6,879,976.864	6,242,534	7,312,639	6,242,534	7,169,963

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
2021-06-01	$25.88	$24.00	31.1%	9.0%	21.3%	14.1%	32.5%	-7.4%	0.9%	147.5M	-3.55B	-24.0M	0.16	1.59	329,854	54,263	4,746,015	1,496,519
2021-06-02	$26.12	$24.50	30.5%	8.7%	20.1%	13.0%	32.0%	-7.1%	0.0%	163.0M	-3.83B	-24.3M	0.21	1.49	178,889	37,566	4,849,847	1,523,891
2021-06-03	$25.45	$24.50	30.2%	8.7%	22.6%	12.4%	35.5%	-4.7%	-0.3%	131.6M	-3.01B	-23.2M	0.20	1.61	471,573	93,652	4,879,111	1,546,683
2021-06-04	$25.76	$24.00	30.1%	8.7%	20.1%	12.1%	31.4%	-5.3%	-0.0%	148.9M	-3.39B	-23.9M	0.33	1.51	276,829	90,999	4,932,151	1,570,342
2021-06-07	$25.87	$24.00	30.3%	8.8%	20.1%	12.5%	33.0%	-5.3%	0.4%	153.5M	-3.48B	-23.9M	0.21	1.55	245,898	50,676	4,936,567	1,569,775
2021-06-08	$25.63	$24.00	27.6%	8.0%	20.4%	7.6%	31.3%	-4.4%	0.2%	151.2M	-3.22B	-23.5M	0.23	1.62	217,214	50,845	5,038,164	1,603,826
2021-06-09	$25.80	$24.50	28.1%	8.2%	20.3%	8.6%	34.0%	-4.8%	0.3%	161.6M	-3.46B	-23.9M	0.27	1.61	268,618	71,486	5,103,524	1,624,682
2021-06-10	$25.96	$24.50	29.4%	8.5%	18.9%	11.0%	32.3%	-6.1%	0.2%	172.4M	-3.70B	-24.7M	0.23	1.50	202,828	45,737	5,165,372	1,665,534
2021-06-11	$25.88	$24.50	28.8%	8.4%	19.0%	9.7%	31.3%	-5.0%	1.0%	179.5M	-3.57B	-24.4M	0.28	1.59	432,092	119,887	5,233,839	1,676,695
2021-06-14	$25.85	$24.50	28.6%	8.3%	18.7%	9.4%	31.9%	-5.9%	0.7%	162.0M	-3.53B	-24.7M	0.15	1.56	219,278	32,652	5,326,797	1,692,904
2021-06-15	$25.63	$24.50	27.4%	7.9%	15.9%	7.2%	28.6%	-5.6%	0.7%	157.2M	-3.25B	-24.3M	0.45	1.47	175,452	78,840	5,413,343	1,701,901
2021-06-16	$25.38	$25.00	26.9%	7.7%	16.2%	6.3%	31.6%	-4.1%	0.5%	139.5M	-2.88B	-23.8M	0.17	1.62	197,505	34,554	5,433,081	1,716,929
2021-06-17	$24.12	$25.00	28.2%	8.1%	23.2%	8.7%	30.8%	-0.6%	0.2%	84.8M	-1.36B	-21.7M	0.26	1.39	587,072	152,380	5,448,101	1,728,705
2021-06-18	$23.98	$24.50	28.4%	8.1%	23.1%	9.1%	29.6%	0.1%	0.1%	85.4M	-1.24B	-21.8M	0.81	1.37	180,279	146,882	5,550,082	1,762,557
2021-06-21	$24.05	$24.50	27.9%	8.0%	23.1%	8.1%	31.2%	-1.1%	0.4%	86.4M	-1.40B	-21.9M	0.23	1.36	214,529	49,232	5,210,922	1,693,036
2021-06-22	$23.90	$24.50	25.9%	7.3%	22.7%	4.5%	28.1%	-0.9%	0.7%	82.0M	-1.22B	-21.3M	0.33	1.26	177,027	58,784	5,262,823	1,716,569
2021-06-23	$23.93	$24.50	25.7%	7.3%	22.4%	4.0%	26.6%	-1.6%	0.7%	84.9M	-1.23B	-21.3M	0.47	1.18	162,972	76,120	5,289,467	1,743,561
2021-06-24	$24.03	$24.50	24.1%	6.7%	22.4%	1.2%	25.2%	-0.0%	0.5%	87.8M	-1.18B	-20.6M	0.46	1.49	147,151	68,402	5,312,317	1,757,608
2021-06-25	$24.15	$24.50	23.8%	6.6%	22.3%	0.5%	24.7%	-0.8%	1.0%	86.8M	-1.33B	-20.8M	0.51	1.19	113,938	58,235	5,333,879	1,795,038
2021-06-28	$24.20	$24.50	23.8%	6.6%	22.4%	0.5%	24.3%	-1.3%	0.4%	90.1M	-1.42B	-20.9M	0.59	1.04	116,666	68,582	5,280,105	1,759,020
2021-06-29	$23.90	$24.50	24.8%	7.0%	22.6%	2.4%	25.8%	-1.3%	0.1%	71.2M	-1.10B	-20.3M	0.65	1.16	143,236	92,622	5,306,683	1,791,563
2021-06-30	$24.22	$24.50	25.1%	7.1%	22.9%	3.0%	26.8%	-1.1%	0.1%	78.7M	-1.46B	-20.9M	0.39	1.05	135,704	52,381	5,351,373	1,818,590