SLV Options History — July 2021

In July 2021, SLV traded between $22.95 and $24.54. ATM implied volatility averaged 24.6%, placing in the 3.0% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 4.4% (HV 20d: 20.2%). Max pain ranged from $24.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.31.

Notable Days

  • 2021-07-16: Highest Volume — 533,132 contracts
  • 2021-07-19: Largest IV spike — 7.3% change
  • 2021-07-19: Highest IV Rank — 7.4%
  • 2021-07-19: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.80$22.95$24.54$24.13$23.61
Max Pain$24.48$24.00$25.00$24.00$24.00
ATM IV24.6%22.8%26.9%24.4%25.3%
Expected Move7.0%6.5%7.7%6.8%7.0%
HV 20d20.2%16.0%22.4%21.4%20.7%
HV 60d22.3%21.1%23.0%22.8%21.4%
IV Rank3.0%0.0%7.4%1.7%4.6%
IV Percentile5.3%0.0%12.7%2.0%9.9%
Term Structure0.4%0.0%1.0%0.5%0.8%
VWIV26.3%23.6%29.6%24.9%25.3%
Skew 25d-1.1%-2.2%0.1%-0.8%-2.0%
Skew 10d-2.0%-4.6%1.2%-1.6%-3.2%
Call IV 25d26.4%24.4%28.8%25.9%27.3%
Put IV 25d25.3%23.6%28.0%25.1%25.3%
Bid-Ask Spread %1.370.971.631.091.21
Gamma HHI0.070.060.090.070.07
Net GEX76.3M46.8M108.7M75.1M81.8M
Net DEX-1.21B-1.77B-683.4M-1.31B-1.31B
Net VEX-19.7M-21.1M-18.3M-20.3M-19.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.160.520.290.52
Total Volume198,742.28685,124533,132103,563139,087
Total OI5,918,978.3815,376,7566,493,5296,119,0685,660,737

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-07-01$24.13$24.0024.4%6.8%21.4%1.7%24.9%-0.8%0.5%75.1M-1.31B-20.3M0.291.0980,29623,2674,505,6801,613,388
2021-07-02$24.54$24.0024.3%6.5%21.9%1.5%23.6%-1.7%0.7%100.5M-1.77B-21.1M0.430.97194,46482,9764,538,8631,622,036
2021-07-06$24.27$25.0024.7%7.2%21.9%2.2%27.6%-1.4%0.0%80.8M-1.44B-20.5M0.161.63248,73639,5094,534,7981,613,791
2021-07-07$24.26$25.0023.7%6.9%21.8%0.3%27.0%-1.3%0.1%88.4M-1.43B-20.1M0.321.45119,74738,1044,625,5471,621,987
2021-07-08$24.05$25.0023.6%6.9%21.6%0.1%26.6%-0.5%0.2%79.0M-1.23B-19.9M0.241.59138,38533,9024,648,6531,640,072
2021-07-09$24.23$25.0023.2%6.8%21.7%0.0%26.3%0.1%0.4%92.1M-1.42B-20.0M0.431.63183,97079,9024,662,9141,649,152
2021-07-12$24.32$25.0022.8%6.6%21.8%0.0%25.8%-0.7%0.2%95.3M-1.47B-19.7M0.221.40154,86433,4214,638,2331,626,454
2021-07-13$24.06$25.0023.0%6.7%22.0%0.4%25.3%-1.4%0.4%92.0M-1.26B-19.6M0.261.44112,27729,1664,726,4591,639,207
2021-07-14$24.29$25.0023.7%6.9%22.4%1.7%26.7%-1.2%0.6%102.2M-1.51B-20.0M0.231.58159,35736,0494,757,8681,647,953
2021-07-15$24.41$25.0023.6%6.9%22.4%1.5%25.6%-1.6%0.5%108.7M-1.68B-20.3M0.371.4674,06627,7214,816,0161,663,497
2021-07-16$23.78$25.0025.0%7.3%16.0%4.1%26.5%-0.4%0.5%71.6M-899.3M-19.6M0.351.41394,290138,8424,821,4641,672,065
2021-07-19$23.24$24.5026.9%7.7%17.8%7.4%29.6%-0.7%0.4%53.8M-908.3M-19.5M0.381.39134,98251,7654,027,8141,348,942
2021-07-20$23.11$24.5026.1%7.5%17.8%6.0%28.1%-0.7%0.5%51.2M-795.5M-19.0M0.271.44115,00730,8044,074,2781,355,785
2021-07-21$23.45$24.0025.5%7.3%18.6%4.9%27.0%-1.4%0.5%61.8M-1.04B-19.5M0.231.32106,90324,2724,110,2131,363,833
2021-07-22$23.54$24.0024.6%7.0%18.7%3.3%25.3%-1.1%0.9%66.7M-1.09B-19.5M0.271.3375,78520,1664,131,4361,373,259
2021-07-23$23.37$24.0023.8%6.7%18.7%1.8%24.8%-0.0%1.0%60.9M-952.2M-19.2M0.441.35123,22854,1834,154,0931,375,592
2021-07-26$23.36$24.0025.1%7.1%18.6%4.2%26.3%-1.6%0.1%58.7M-963.6M-18.7M0.351.2763,10622,0184,075,9341,338,725
2021-07-27$22.95$24.0026.6%7.6%19.4%6.9%27.8%-1.3%0.1%46.8M-683.4M-18.3M0.291.34229,62266,6584,109,3191,361,736
2021-07-28$23.13$24.0025.2%7.1%19.3%4.3%26.2%-1.6%0.2%51.4M-789.5M-18.8M0.261.4273,79719,4864,140,5761,375,416
2021-07-29$23.69$24.0025.7%7.1%20.7%5.3%25.9%-2.2%0.5%83.0M-1.38B-20.2M0.281.15312,43686,9724,236,2601,398,501
2021-07-30$23.61$24.0025.3%7.0%20.7%4.6%25.3%-2.0%0.8%81.8M-1.31B-19.9M0.521.2191,80147,2864,257,4501,403,287