SLV Options History — December 2021

In December 2021, SLV traded between $20.30 and $21.55. ATM implied volatility averaged 25.7%, placing in the 5.8% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 6.9% (HV 20d: 18.9%). Max pain ranged from $21.00 to $22.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.45.

Notable Days

2021-12-10: Highest Volume — 257,550 contracts
2021-12-10: Largest IV drop — 8.2% change
2021-12-01: Highest IV Rank — 11.7%
2021-12-01: Largest Expected Move — 8.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$20.84	$20.30	$21.55	$20.58	$21.55
Max Pain	$21.45	$21.00	$22.00	$22.00	$21.00
ATM IV	25.7%	23.0%	28.9%	28.9%	23.0%
Expected Move	7.4%	6.2%	8.8%	8.8%	6.2%
HV 20d	18.9%	16.2%	21.3%	21.1%	16.3%
HV 60d	21.6%	19.2%	23.3%	23.1%	19.5%
IV Rank	5.8%	0.8%	11.7%	11.7%	0.8%
IV Percentile	29.2%	2.4%	57.5%	57.1%	2.4%
Term Structure	0.1%	-0.4%	0.6%	-0.1%	0.3%
VWIV	26.5%	22.5%	31.4%	31.4%	22.5%
Skew 25d	0.9%	0.1%	2.1%	0.7%	0.1%
Skew 10d	1.6%	-0.8%	3.8%	1.4%	0.4%
Call IV 25d	26.2%	23.4%	29.5%	29.5%	23.4%
Put IV 25d	27.2%	23.4%	31.1%	30.1%	23.4%
Bid-Ask Spread %	1.12	0.96	1.33	1.21	0.96
Gamma HHI	0.08	0.06	0.14	0.06	0.14
Net GEX	40.3M	22.3M	73.2M	35.2M	73.2M
Net DEX	-119.6M	-571.9M	250.1M	-26.5M	-571.9M
Net VEX	-12.8M	-13.9M	-11.9M	-13.5M	-12.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.45	0.18	0.79	0.26	0.44
Total Volume	167,998.818	96,616	257,550	238,066	132,501
Total OI	5,257,023.727	4,996,047	5,568,252	5,308,363	5,062,657

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2021-12-01	$20.58	$22.00	28.9%	8.8%	21.1%	11.7%	31.4%	0.7%	-0.1%	35.2M	-26.5M	-13.5M	0.26	1.21	188,588	49,478	4,009,329	1,299,034
2021-12-02	$20.70	$22.00	28.7%	8.8%	21.3%	11.3%	31.4%	1.3%	0.0%	39.0M	-92.7M	-13.7M	0.79	1.06	83,731	66,351	4,027,959	1,307,319
2021-12-03	$20.83	$22.00	28.8%	8.6%	21.1%	11.5%	30.7%	2.1%	0.2%	41.8M	-147.3M	-13.9M	0.47	1.18	128,194	59,724	4,048,566	1,329,602
2021-12-06	$20.74	$22.00	28.2%	8.0%	20.0%	10.5%	28.8%	1.2%	-0.0%	35.8M	-57.9M	-13.3M	0.39	1.18	118,062	45,451	4,016,808	1,324,659
2021-12-07	$20.84	$22.00	27.3%	7.8%	19.3%	8.8%	28.2%	0.9%	0.1%	40.3M	-130.0M	-13.6M	0.36	1.24	142,450	51,132	4,049,752	1,341,200
2021-12-08	$20.79	$22.00	27.3%	7.7%	19.3%	8.7%	27.9%	0.7%	-0.1%	40.8M	-97.5M	-13.6M	0.18	1.25	210,597	38,746	4,080,017	1,363,209
2021-12-09	$20.34	$22.00	27.0%	7.7%	19.1%	8.1%	27.9%	1.3%	-0.1%	27.2M	180.0M	-12.7M	0.33	1.11	154,811	51,789	4,019,667	1,368,750
2021-12-10	$20.51	$22.00	24.8%	7.1%	16.7%	4.1%	25.5%	1.1%	0.1%	36.7M	124.0M	-12.7M	0.32	1.27	194,794	62,756	4,058,109	1,383,577
2021-12-13	$20.65	$21.50	25.1%	7.1%	17.1%	4.7%	25.8%	1.3%	-0.2%	32.7M	36.8M	-12.7M	0.49	1.33	94,695	46,172	4,014,611	1,382,008
2021-12-14	$20.30	$21.50	25.7%	7.3%	17.5%	5.8%	26.0%	1.5%	-0.2%	22.3M	250.1M	-12.2M	0.64	1.13	87,667	56,230	4,030,413	1,396,525
2021-12-15	$20.39	$21.50	26.8%	7.6%	17.9%	7.7%	27.2%	1.4%	0.1%	24.9M	219.6M	-12.2M	0.56	1.26	154,440	86,033	4,054,615	1,414,257
2021-12-16	$20.79	$21.50	25.6%	7.3%	19.5%	5.7%	27.0%	0.8%	-0.4%	36.9M	-65.3M	-12.7M	0.44	1.08	159,601	70,453	4,081,187	1,422,948
2021-12-17	$20.73	$21.00	25.4%	7.2%	19.5%	5.2%	26.0%	0.9%	-0.3%	34.5M	-13.6M	-12.7M	0.59	1.11	100,267	59,630	4,114,014	1,454,238
2021-12-20	$20.59	$21.00	25.7%	7.3%	19.5%	5.8%	26.1%	1.1%	0.2%	30.1M	18.0M	-12.0M	0.43	0.99	74,440	31,865	3,653,092	1,342,955
2021-12-21	$20.79	$21.00	24.5%	7.0%	19.4%	3.6%	25.9%	1.6%	0.2%	37.1M	-119.1M	-12.5M	0.60	1.04	66,200	39,808	3,665,716	1,346,087
2021-12-22	$21.10	$21.00	24.0%	6.9%	19.4%	2.6%	25.5%	0.1%	0.6%	48.4M	-342.0M	-12.8M	0.46	1.09	90,982	42,069	3,674,649	1,346,513
2021-12-23	$21.16	$21.00	23.7%	6.8%	19.4%	2.2%	24.2%	0.7%	0.4%	50.5M	-350.9M	-12.8M	0.63	1.16	83,215	52,338	3,708,987	1,341,611
2021-12-27	$21.34	$21.00	24.9%	7.0%	18.7%	4.3%	25.4%	0.3%	0.3%	50.1M	-414.4M	-12.7M	0.27	1.06	113,894	30,791	3,674,467	1,330,638
2021-12-28	$21.28	$21.00	24.1%	6.7%	18.2%	2.8%	24.3%	0.6%	0.2%	49.9M	-375.6M	-12.4M	0.26	0.97	110,657	29,168	3,694,547	1,331,844
2021-12-29	$21.12	$21.00	23.3%	6.6%	18.4%	1.3%	23.2%	0.6%	0.5%	45.2M	-229.5M	-11.9M	0.42	1.02	98,626	40,962	3,695,588	1,335,919
2021-12-30	$21.36	$21.00	23.4%	6.4%	16.2%	1.5%	23.3%	0.3%	0.5%	55.0M	-426.5M	-12.3M	0.49	1.00	64,799	31,817	3,711,344	1,345,535
2021-12-31	$21.55	$21.00	23.0%	6.2%	16.3%	0.8%	22.5%	0.1%	0.3%	73.2M	-571.9M	-12.5M	0.44	0.96	91,864	40,637	3,712,039	1,350,618