SLV Options History — November 2021

In November 2021, SLV traded between $21.11 and $23.38. ATM implied volatility averaged 26.8%, placing in the 7.8% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 6.7% (HV 20d: 20.1%). 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 18 of 21 days. Put/call ratio averaged 0.39.

Notable Days

  • 2021-11-10: Highest Volume — 498,001 contracts
  • 2021-11-23: Largest IV spike — 6.3% change
  • 2021-11-11: Highest IV Rank — 10.8%
  • 2021-11-30: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.36$21.11$23.38$22.23$21.11
Max Pain$22.10$21.50$22.50$21.50$22.00
ATM IV26.8%24.2%28.4%24.2%28.3%
Expected Move7.8%6.9%8.5%6.9%8.5%
HV 20d20.1%17.9%21.5%18.8%20.5%
HV 60d23.7%22.8%24.7%24.7%22.8%
IV Rank7.8%3.0%10.8%3.0%10.6%
IV Percentile39.3%11.1%54.4%11.1%54.4%
Term Structure0.2%-0.1%0.6%0.1%-0.0%
VWIV28.4%24.6%32.7%24.6%30.4%
Skew 25d-1.6%-4.1%1.1%-1.1%0.4%
Skew 10d-2.7%-7.4%2.5%-1.7%0.5%
Call IV 25d28.8%26.1%31.9%26.1%29.2%
Put IV 25d27.2%25.0%30.1%25.0%29.6%
Bid-Ask Spread %1.361.141.621.211.21
Gamma HHI0.090.060.120.100.06
Net GEX85.7M47.6M120.1M78.9M47.6M
Net DEX-1.29B-2.26B-335.0M-1.04B-344.5M
Net VEX-16.8M-18.9M-14.4M-15.8M-14.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.170.650.540.34
Total Volume228,812.238128,366498,001150,058142,890
Total OI5,206,980.0484,810,8395,478,0854,810,8395,274,863

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-11-01$22.23$21.5024.2%6.9%18.8%3.0%24.6%-1.1%0.1%78.9M-1.04B-15.8M0.541.2197,44552,6133,524,7121,286,127
2021-11-02$21.78$21.5025.3%7.2%20.5%5.1%25.9%-1.1%0.0%65.3M-716.2M-15.3M0.331.18158,57352,7633,549,7491,300,159
2021-11-03$21.81$21.5026.2%7.4%20.5%6.8%26.3%-1.0%0.1%69.8M-792.3M-15.8M0.271.33253,04169,3863,619,2341,307,427
2021-11-04$22.00$22.0025.5%7.5%20.6%5.4%27.4%-1.0%0.3%86.5M-1.07B-16.6M0.391.45159,16162,8143,767,7331,323,393
2021-11-05$22.35$22.0025.9%7.6%21.1%6.1%27.9%-1.1%0.3%98.3M-1.34B-17.1M0.481.62133,65163,9713,782,0671,336,820
2021-11-08$22.64$22.0026.7%7.8%21.2%7.6%28.9%-2.9%0.4%101.6M-1.58B-17.2M0.281.59161,40545,3893,755,1051,312,478
2021-11-09$22.49$22.0026.1%7.5%21.5%6.5%28.9%-1.8%0.2%99.0M-1.44B-17.1M0.321.47195,45863,3393,788,6911,320,162
2021-11-10$22.79$22.0026.9%7.8%21.0%8.0%29.2%-3.6%0.5%103.3M-1.73B-17.6M0.171.45424,54373,4583,811,5241,336,772
2021-11-11$23.33$22.0028.4%8.2%21.1%10.8%29.8%-4.1%0.1%115.7M-2.24B-18.7M0.331.42244,52881,2273,923,9791,349,052
2021-11-12$23.38$22.0027.7%8.0%20.5%9.4%28.8%-3.7%0.6%120.1M-2.26B-18.9M0.321.58254,09482,4513,972,0391,366,383
2021-11-15$23.20$22.5028.2%8.1%20.7%10.4%32.7%-3.5%0.0%107.8M-2.07B-18.6M0.451.36154,32469,9183,973,1971,369,129
2021-11-16$22.99$22.5027.3%7.8%20.4%8.7%28.7%-3.1%-0.1%107.5M-1.81B-18.0M0.481.39126,86360,5854,021,5641,390,856
2021-11-17$23.17$22.5026.9%7.7%17.9%7.9%27.4%-2.9%0.1%109.8M-2.00B-18.1M0.431.44114,45148,7724,032,4481,405,234
2021-11-18$22.96$22.5026.5%7.6%17.9%7.2%28.7%-2.8%0.1%107.2M-1.77B-17.7M0.651.3787,33556,5024,040,5931,412,394
2021-11-19$22.79$22.5025.8%7.4%18.0%5.9%27.7%-1.9%0.2%94.0M-1.61B-17.3M0.601.25120,54172,2334,060,9131,417,172
2021-11-22$22.35$22.5026.0%7.6%19.1%6.3%27.5%-1.4%0.6%68.4M-1.02B-16.3M0.291.35193,59156,2563,844,4761,284,879
2021-11-23$21.90$22.5027.6%8.2%19.6%9.3%28.9%-0.2%0.5%57.9M-764.0M-16.0M0.261.29245,29463,4633,903,9721,293,344
2021-11-24$21.78$22.0026.6%7.8%19.6%7.5%27.7%0.5%0.2%62.9M-726.2M-15.8M0.451.2189,99840,2864,011,4211,310,201
2021-11-26$21.41$22.0028.3%8.4%20.4%10.5%30.0%1.1%-0.1%51.5M-507.0M-15.3M0.511.3284,86343,5034,017,6361,308,825
2021-11-29$21.15$22.0028.0%8.5%20.7%10.0%29.8%0.5%0.1%47.6M-335.0M-14.4M0.351.14151,58652,4933,961,2531,278,605
2021-11-30$21.11$22.0028.3%8.5%20.5%10.6%30.4%0.4%-0.0%47.6M-344.5M-14.5M0.341.21106,40236,4883,984,8501,290,013