SLV Options History — October 2021

In October 2021, SLV traded between $20.85 and $22.73. ATM implied volatility averaged 25.4%, placing in the 5.2% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded below realized volatility by 0.1% (HV 20d: 25.5%). Max pain ranged from $21.50 to $22.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.37.

Notable Days

  • 2021-10-20: Highest Volume — 367,439 contracts
  • 2021-10-15: Largest IV drop — 5.9% change
  • 2021-10-04: Highest IV Rank — 7.5%
  • 2021-10-14: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.65$20.85$22.73$20.85$22.11
Max Pain$21.60$21.50$22.50$22.50$21.50
ATM IV25.4%23.5%26.6%26.2%23.5%
Expected Move7.2%6.6%7.6%7.3%6.6%
HV 20d25.5%18.7%30.7%30.7%18.7%
HV 60d25.3%24.3%25.8%25.4%25.6%
IV Rank5.2%1.7%7.5%6.7%1.7%
IV Percentile21.0%4.0%32.1%26.2%4.0%
Term Structure0.1%-0.3%0.5%0.5%0.5%
VWIV26.3%24.0%28.2%27.0%24.0%
Skew 25d0.0%-3.0%2.3%2.3%-1.0%
Skew 10d0.1%-5.9%4.8%4.7%-0.9%
Call IV 25d26.5%25.1%29.5%26.0%25.1%
Put IV 25d26.6%24.1%28.8%28.4%24.1%
Bid-Ask Spread %1.350.971.570.971.15
Gamma HHI0.100.060.320.070.09
Net GEX53.8M12.8M148.8M13.9M79.7M
Net DEX-596.7M-1.50B46.1M45.1M-981.6M
Net VEX-14.6M-16.9M-13.0M-13.2M-15.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.120.790.540.60
Total Volume194,931.38186,531367,439194,252162,478
Total OI4,710,605.3814,290,6584,930,6134,624,1054,890,208

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-10-01$20.85$22.5026.2%7.3%30.7%6.7%27.0%2.3%0.5%13.9M45.1M-13.2M0.540.97126,42467,8283,283,2661,340,839
2021-10-04$20.94$22.0026.6%7.6%27.6%7.5%27.1%1.8%-0.3%13.7M30.8M-13.1M0.221.57129,93128,1133,281,2351,345,873
2021-10-05$20.94$22.0025.9%7.4%27.3%6.1%26.2%2.0%-0.2%14.6M46.1M-13.2M0.121.44135,20116,5443,312,0051,367,034
2021-10-06$20.96$21.5025.6%7.3%27.0%5.6%26.2%2.2%0.1%17.1M12.3M-13.2M0.211.37169,72036,3263,360,8881,373,965
2021-10-07$20.90$21.5025.5%7.3%26.8%5.4%26.0%1.8%0.1%15.6M41.6M-13.1M0.201.43111,27621,7453,363,8571,376,958
2021-10-08$20.96$21.5025.1%7.2%26.7%4.6%25.4%2.1%0.1%12.8M-10.2M-13.1M0.281.47209,43358,8143,418,6481,391,724
2021-10-11$20.91$21.5025.6%7.3%26.7%5.5%26.4%2.2%-0.2%21.6M6.7M-13.0M0.471.4268,70131,9783,381,8661,333,383
2021-10-12$20.90$21.5025.6%7.3%26.6%5.6%27.0%1.6%-0.0%21.7M13.9M-13.1M0.351.5499,19734,7793,418,3741,349,800
2021-10-13$21.32$21.5025.9%7.4%27.8%6.3%26.8%0.9%0.0%38.6M-297.7M-13.8M0.281.40182,28050,5723,458,0131,355,005
2021-10-14$21.80$21.5026.5%7.6%25.3%7.2%27.6%0.2%0.2%62.4M-669.3M-14.6M0.261.51190,57349,6633,504,8611,365,028
2021-10-15$21.57$21.5024.9%7.1%24.4%4.4%25.7%0.3%-0.1%58.6M-540.9M-14.4M0.271.36160,70643,2153,549,6131,381,000
2021-10-18$21.48$21.5024.8%7.1%24.1%4.1%25.3%0.4%-0.2%51.9M-511.7M-14.0M0.311.3466,18720,3443,107,7251,182,933
2021-10-19$21.88$21.5024.6%7.1%24.5%3.8%25.4%-0.2%-0.1%65.5M-796.4M-14.7M0.381.29174,22366,3823,171,6931,205,787
2021-10-20$22.54$21.5025.4%7.3%26.3%5.2%27.0%-1.5%-0.1%80.9M-1.28B-15.8M0.201.37305,77261,6673,235,1911,246,457
2021-10-21$22.35$21.5024.5%7.0%26.5%3.5%25.3%-1.8%0.0%83.4M-1.19B-16.1M0.501.31103,64751,6823,392,6401,253,368
2021-10-22$22.52$21.5024.9%7.1%26.1%4.2%26.7%-3.0%-0.3%148.8M-1.38B-16.4M0.381.34236,98289,4213,430,7831,262,974
2021-10-25$22.73$21.5026.3%7.6%26.0%6.8%28.2%-3.0%0.1%84.4M-1.50B-16.9M0.251.41225,13855,7533,442,9211,249,606
2021-10-26$22.38$21.5025.4%7.4%26.6%5.3%26.6%-2.7%0.4%81.5M-1.26B-16.5M0.581.24123,65371,3413,542,5741,265,077
2021-10-27$22.27$21.5025.3%7.2%20.7%5.1%26.6%-2.0%0.3%82.1M-1.17B-16.5M0.791.2372,14757,1003,572,1371,284,762
2021-10-28$22.27$21.5024.8%7.1%18.9%4.1%25.2%-2.1%0.4%81.7M-1.14B-16.3M0.641.1877,39049,2333,577,1281,295,514
2021-10-29$22.11$21.5023.5%6.6%18.7%1.7%24.0%-1.0%0.5%79.7M-981.6M-15.8M0.601.15101,31161,1673,584,0941,306,114