SLV Options History — September 2021

In September 2021, SLV traded between $19.94 and $22.89. ATM implied volatility averaged 24.9%, placing in the 4.2% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded below realized volatility by 0.3% (HV 20d: 25.2%). Max pain ranged from $22.50 to $24.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.40.

Notable Days

  • 2021-09-03: Highest Volume — 363,942 contracts
  • 2021-09-16: Largest IV spike — 14.7% change
  • 2021-09-29: Highest IV Rank — 10.6%
  • 2021-09-29: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.47$19.94$22.89$22.38$20.51
Max Pain$23.31$22.50$24.00$23.00$22.50
ATM IV24.9%22.6%28.3%23.7%27.0%
Expected Move7.1%6.4%8.4%6.4%7.9%
HV 20d25.2%22.1%30.0%26.0%30.0%
HV 60d23.1%21.5%25.2%22.2%25.2%
IV Rank4.2%0.0%10.6%1.6%8.2%
IV Percentile14.7%0.0%37.7%3.2%32.9%
Term Structure0.0%-0.4%0.4%0.3%0.2%
VWIV26.2%23.7%30.3%24.3%28.5%
Skew 25d0.9%-1.4%2.7%-0.8%1.8%
Skew 10d1.7%-2.8%5.6%-1.0%4.5%
Call IV 25d25.7%23.4%28.5%25.1%27.4%
Put IV 25d26.6%23.8%30.6%24.2%29.2%
Bid-Ask Spread %1.241.061.501.161.21
Gamma HHI0.080.060.110.090.08
Net GEX30.8M4.9M78.0M62.0M6.8M
Net DEX-39.7M-979.1M630.7M-571.1M381.4M
Net VEX-13.8M-16.4M-11.8M-15.5M-12.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.160.720.260.43
Total Volume170,473.71481,023363,94283,894177,049
Total OI5,421,691.5715,272,8035,549,2725,360,6825,486,608

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-09-01$22.38$23.0023.7%6.4%26.0%1.6%24.3%-0.8%0.3%62.0M-571.1M-15.5M0.261.1666,81317,0813,993,6691,367,013
2021-09-02$22.12$24.0023.0%6.8%26.0%0.4%25.4%-0.4%0.2%51.7M-379.4M-15.3M0.321.3378,71225,1804,016,9701,375,982
2021-09-03$22.89$24.0023.7%6.9%26.5%1.6%25.5%-1.4%0.3%78.0M-979.1M-16.4M0.291.50282,95080,9924,028,5081,377,947
2021-09-07$22.53$24.0023.4%6.7%23.2%1.1%25.3%0.2%-0.1%64.8M-596.6M-15.2M0.231.43192,93444,3783,992,4171,355,097
2021-09-08$22.20$24.0023.2%6.6%23.9%0.7%25.3%0.3%-0.3%46.4M-354.9M-14.9M0.241.33158,54638,0384,060,7271,394,811
2021-09-09$22.30$24.0022.9%6.5%23.8%0.3%24.4%1.1%-0.2%50.5M-386.6M-14.8M0.161.32123,17520,0584,053,9521,387,293
2021-09-10$22.03$23.5023.0%6.6%23.7%0.3%25.1%0.9%0.1%36.1M-220.8M-14.3M0.471.17104,83349,4244,080,1121,393,419
2021-09-13$21.98$23.5023.5%6.8%22.6%1.4%24.7%0.5%0.0%38.0M-210.8M-14.2M0.381.3790,72734,3084,032,7871,375,267
2021-09-14$22.07$23.5023.2%6.6%22.5%0.7%23.7%0.1%0.2%42.0M-264.3M-14.4M0.341.2385,45829,1274,047,2701,399,653
2021-09-15$22.06$23.5022.6%6.5%22.1%0.0%24.0%0.4%0.2%43.3M-212.4M-13.6M0.401.2857,67123,3524,087,7071,405,022
2021-09-16$21.22$23.0025.9%7.4%26.0%6.1%26.8%1.7%-0.1%16.7M209.6M-13.3M0.521.07226,926118,4604,112,5171,407,667
2021-09-17$20.78$23.0026.6%7.6%26.9%7.5%28.0%2.7%-0.3%13.6M450.2M-12.6M0.511.13147,01375,6284,136,2491,413,023
2021-09-20$20.59$23.0028.2%8.2%26.9%10.5%29.4%1.9%-0.4%11.4M360.4M-12.7M0.251.31102,95625,2613,918,7351,354,068
2021-09-21$20.87$23.0026.9%7.7%25.8%8.0%27.6%1.4%-0.0%14.7M217.1M-13.3M0.381.2786,05332,3903,963,8591,380,897
2021-09-22$21.02$23.0026.6%7.6%25.6%7.5%27.3%0.7%-0.1%18.5M128.5M-13.3M0.291.34145,74042,4313,996,6071,383,365
2021-09-23$20.89$23.0025.2%7.2%25.6%4.9%26.0%1.6%0.1%16.5M199.4M-13.1M0.631.0655,53635,1134,021,4371,386,433
2021-09-24$20.71$23.0025.8%7.4%25.4%6.0%25.7%2.0%0.1%9.2M326.1M-12.7M0.551.1191,03450,2144,034,1811,397,494
2021-09-27$20.97$23.0024.9%7.0%24.3%4.4%25.1%1.0%0.4%11.4M190.1M-12.9M0.391.0670,30727,3164,001,4361,373,828
2021-09-28$20.80$23.0025.8%7.5%24.3%6.0%27.0%1.4%0.4%11.1M248.4M-12.8M0.721.2559,82243,3484,033,6351,382,658
2021-09-29$19.94$23.0028.3%8.4%28.0%10.6%30.3%2.1%0.1%4.9M630.7M-11.8M0.711.18212,256151,3384,057,2591,387,944
2021-09-30$20.51$22.5027.0%7.9%30.0%8.2%28.5%1.8%0.2%6.8M381.4M-12.6M0.431.21124,01253,0374,070,8051,415,803