SLV Options History — August 2021

In August 2021, SLV traded between $21.36 and $23.68. ATM implied volatility averaged 25.0%, placing in the 4.1% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 1.1% (HV 20d: 23.9%). Max pain ranged from $23.00 to $24.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.36.

Notable Days

  • 2021-08-09: Highest Volume — 413,071 contracts
  • 2021-08-09: Largest IV spike — 11.7% change
  • 2021-08-09: Highest IV Rank — 7.2%
  • 2021-08-09: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.20$21.36$23.68$23.55$22.15
Max Pain$23.27$23.00$24.00$24.00$23.00
ATM IV25.0%23.6%26.8%25.9%23.9%
Expected Move7.1%6.6%7.7%7.1%6.6%
HV 20d23.9%19.5%25.9%19.6%25.5%
HV 60d21.6%20.3%22.4%20.3%22.1%
IV Rank4.1%1.5%7.2%5.6%2.1%
IV Percentile10.8%2.0%19.8%11.5%4.8%
Term Structure0.3%-0.2%0.8%-0.2%-0.0%
VWIV26.2%24.3%28.4%26.0%24.4%
Skew 25d0.0%-1.8%1.5%-1.8%-0.8%
Skew 10d-0.0%-3.7%3.1%-3.7%-0.7%
Call IV 25d26.1%24.4%28.2%28.2%25.3%
Put IV 25d26.2%24.3%28.0%26.4%24.5%
Bid-Ask Spread %1.120.931.271.151.13
Gamma HHI0.070.060.080.060.08
Net GEX42.2M18.5M83.8M76.0M51.9M
Net DEX-296.6M-1.27B298.1M-1.20B-419.2M
Net VEX-16.5M-20.1M-14.9M-20.0M-15.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.140.640.300.52
Total Volume163,984.90961,705413,07191,46198,193
Total OI5,681,304.3645,240,6446,004,6365,632,1685,333,181

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-08-02$23.55$24.0025.9%7.1%19.6%5.6%26.0%-1.8%-0.2%76.0M-1.20B-20.0M0.301.1570,25421,2074,239,0191,393,149
2021-08-03$23.68$24.0024.9%6.8%19.5%3.8%24.8%-1.1%0.2%83.8M-1.27B-20.1M0.181.2752,3869,3194,316,1991,408,644
2021-08-04$23.55$24.0024.5%6.7%19.5%3.1%24.3%-1.5%0.1%77.6M-1.10B-19.5M0.391.11101,93839,9794,346,1611,419,957
2021-08-05$23.31$24.0024.0%6.9%19.6%2.1%25.3%-0.9%0.1%64.1M-858.1M-18.8M0.521.2174,88938,9224,324,1281,420,910
2021-08-06$22.54$24.0023.9%7.2%22.3%2.1%25.8%-0.5%0.3%30.1M-253.8M-17.4M0.411.23266,597110,0354,322,9231,436,939
2021-08-09$21.71$24.0026.8%7.7%25.2%7.2%27.9%0.4%0.3%19.4M128.1M-15.8M0.431.09288,045125,0264,269,4001,410,383
2021-08-10$21.62$23.0025.7%7.6%25.1%5.3%28.4%-0.1%0.8%18.5M160.6M-16.0M0.140.96204,26128,9054,329,5441,449,642
2021-08-11$21.80$23.0024.2%7.1%25.0%2.7%26.9%0.4%0.7%21.2M129.8M-15.7M0.191.03148,77627,9314,440,6921,503,949
2021-08-12$21.52$23.0024.3%7.1%24.8%2.7%26.6%1.0%0.7%19.6M298.1M-15.1M0.311.05158,24748,2804,460,5021,513,565
2021-08-13$21.96$23.0023.6%6.9%25.4%1.5%25.7%0.4%0.5%41.8M-44.1M-16.5M0.311.06195,61359,7304,485,2851,512,495
2021-08-16$22.13$23.0024.4%7.0%24.6%3.0%25.2%-0.1%0.5%39.7M-208.9M-16.1M0.300.9398,35329,5224,434,0731,464,214
2021-08-17$21.88$23.0024.8%7.1%24.8%3.6%26.3%0.1%0.5%36.5M-40.2M-16.1M0.501.0768,48733,9814,450,8571,477,449
2021-08-18$21.71$23.0024.5%7.0%24.0%3.1%25.5%0.7%0.7%31.6M34.5M-15.9M0.240.9794,24122,4024,476,4491,489,920
2021-08-19$21.52$23.0025.3%7.2%23.9%4.7%27.7%1.5%0.6%24.3M226.7M-14.9M0.301.0095,57429,0244,485,4541,498,606
2021-08-20$21.36$23.0025.1%7.2%23.9%4.2%26.0%1.1%-0.1%21.4M252.5M-15.2M0.641.1388,83256,8154,503,7911,500,845
2021-08-23$21.88$23.0025.8%7.3%25.9%5.6%26.2%0.3%0.0%37.3M-253.4M-15.8M0.291.19112,33432,6633,877,9601,362,684
2021-08-24$22.12$23.0026.5%7.6%25.8%6.8%27.4%0.2%0.1%46.9M-434.8M-15.9M0.341.22117,64339,6793,908,6861,375,586
2021-08-25$22.10$23.0025.9%7.3%25.6%5.7%26.3%0.4%0.1%47.9M-407.2M-15.7M0.561.2043,81724,7123,941,0651,380,009
2021-08-26$21.80$23.0026.2%7.4%23.9%6.3%26.9%1.0%0.2%32.5M-190.0M-15.4M0.551.1860,22033,2863,971,3551,403,394
2021-08-27$22.30$23.0025.4%7.1%25.7%4.8%25.9%0.4%0.0%54.5M-568.3M-16.5M0.311.25181,46456,0933,982,5181,404,826
2021-08-30$22.24$23.0025.0%7.2%25.7%4.1%26.5%-0.6%0.3%51.6M-505.9M-15.8M0.201.1799,74720,2463,918,1971,344,091
2021-08-31$22.15$23.0023.9%6.6%25.5%2.1%24.4%-0.8%-0.0%51.9M-419.2M-15.3M0.521.1364,41333,7803,968,4151,364,766