SLV Options History — February 2022

In February 2022, SLV traded between $20.71 and $22.65. ATM implied volatility averaged 26.5%, placing in the 18.3% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 3.4% (HV 20d: 23.1%). Max pain ranged from $21.00 to $22.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.34.

Notable Days

  • 2022-02-24: Highest Volume — 476,627 contracts
  • 2022-02-11: Largest IV spike — 12.0% change
  • 2022-02-28: Highest IV Rank — 28.2%
  • 2022-02-17: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.73$20.71$22.65$20.95$22.62
Max Pain$21.84$21.00$22.00$21.50$22.00
ATM IV26.5%24.3%28.2%27.2%27.2%
Expected Move7.7%7.0%8.1%7.8%8.1%
HV 20d23.1%17.2%25.7%25.7%17.2%
HV 60d21.1%20.4%21.7%21.5%20.4%
IV Rank18.3%8.3%28.2%17.6%28.2%
IV Percentile52.5%18.3%73.8%60.7%67.1%
Term Structure-0.0%-0.4%0.5%0.1%0.3%
VWIV27.8%25.5%29.9%28.3%29.8%
Skew 25d-0.6%-2.5%1.9%1.2%-2.0%
Skew 10d-1.0%-4.6%3.6%2.5%-3.5%
Call IV 25d28.1%24.8%30.9%27.9%29.8%
Put IV 25d27.5%25.8%29.2%29.2%27.7%
Bid-Ask Spread %1.571.172.151.211.32
Gamma HHI0.100.060.160.070.10
Net GEX73.9M33.5M109.9M39.8M90.0M
Net DEX-820.4M-1.49B-148.8M-255.8M-1.38B
Net VEX-15.6M-17.6M-13.6M-13.8M-17.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.180.580.360.26
Total Volume244,530.632138,284476,627147,472188,366
Total OI4,302,157.2113,896,8694,652,6623,896,8694,533,270

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-02-01$20.95$21.5027.2%7.8%25.7%17.6%28.3%1.2%0.1%39.8M-255.8M-13.8M0.361.21108,06239,4102,887,3531,009,516
2022-02-02$20.94$21.5026.6%7.8%25.6%15.8%27.4%0.8%0.2%40.2M-261.2M-13.9M0.381.17100,09538,1892,927,7841,018,446
2022-02-03$20.71$22.0027.1%7.8%25.5%20.2%27.8%0.8%-0.1%33.5M-148.8M-13.6M0.581.90119,90169,3472,982,2331,026,734
2022-02-04$20.80$22.0025.7%7.4%23.6%14.2%27.0%1.9%-0.0%38.7M-169.3M-13.6M0.411.59148,91461,8013,023,5831,043,312
2022-02-07$21.29$22.0026.5%7.6%24.9%17.3%28.0%0.8%0.1%53.0M-476.2M-14.3M0.251.58179,21644,1512,994,8961,023,892
2022-02-08$21.45$22.0025.4%7.3%24.9%12.8%26.5%0.7%0.1%67.5M-574.4M-14.4M0.261.64123,74031,6173,068,3891,029,722
2022-02-09$21.53$22.0024.8%7.2%24.5%10.2%26.2%0.7%0.4%69.5M-618.9M-14.5M0.321.52117,35437,3953,078,5891,036,662
2022-02-10$21.43$21.0024.3%7.0%23.6%8.3%25.5%1.0%0.1%66.7M-571.8M-14.5M0.281.48347,32496,5913,091,0611,044,854
2022-02-11$21.84$21.5027.2%7.9%24.4%20.6%29.1%-1.6%0.5%87.4M-954.6M-16.1M0.352.15297,496102,8913,237,9801,102,307
2022-02-14$22.06$21.5027.4%7.9%24.5%21.4%28.7%-1.7%-0.3%89.8M-1.11B-16.5M0.361.81248,37888,6923,287,5581,105,470
2022-02-15$21.61$22.0026.4%7.6%24.3%17.2%27.9%-1.5%-0.4%69.0M-703.3M-15.7M0.181.70195,53035,0123,303,0081,152,400
2022-02-16$21.84$22.0026.8%7.7%22.2%18.9%27.7%-1.4%-0.4%85.2M-941.1M-16.7M0.231.54117,24327,3843,409,1971,159,765
2022-02-17$22.02$22.0028.2%8.1%22.0%24.8%29.9%-2.3%-0.4%97.7M-1.16B-17.1M0.211.73184,13838,6623,459,6181,164,791
2022-02-18$22.11$22.0026.8%7.7%21.9%18.9%28.6%-1.1%-0.3%109.9M-1.18B-17.1M0.391.70164,08163,6743,477,7561,174,906
2022-02-22$22.33$22.0026.8%7.8%21.7%21.8%27.9%-2.0%-0.2%87.4M-1.24B-16.9M0.521.35161,05883,2743,261,9941,089,770
2022-02-23$22.65$22.0026.8%7.8%22.2%22.4%28.7%-2.5%-0.4%95.0M-1.49B-17.6M0.261.56253,54665,0913,292,9901,123,392
2022-02-24$22.29$22.0026.0%7.5%22.1%18.4%27.1%-1.5%-0.1%91.2M-1.16B-16.8M0.381.48346,050130,5773,372,7181,146,927
2022-02-25$22.41$22.0025.9%7.5%18.4%17.9%26.6%-1.8%0.2%92.1M-1.20B-16.8M0.421.34134,61857,2143,391,2591,206,885
2022-02-28$22.62$22.0027.2%8.1%17.2%28.2%29.8%-2.0%0.3%90.0M-1.38B-17.2M0.261.32149,77138,5953,356,3941,176,876