SLV Options History — April 2022

In April 2022, SLV traded between $21.06 and $23.89. ATM implied volatility averaged 27.1%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 6.4% (HV 20d: 20.7%). Max pain ranged from $22.50 to $23.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.37.

Notable Days

  • 2022-04-12: Highest Volume — 297,793 contracts
  • 2022-04-11: Largest IV spike — 8.7% change
  • 2022-04-18: Highest IV Rank — 32.3%
  • 2022-04-18: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.65$21.06$23.89$22.73$21.06
Max Pain$22.98$22.50$23.00$23.00$22.50
ATM IV27.1%25.4%29.5%25.5%29.0%
Expected Move7.8%7.2%8.4%7.6%8.3%
HV 20d20.7%18.2%26.5%26.5%20.5%
HV 60d23.7%22.9%24.8%24.8%23.7%
IV Rank21.4%13.6%32.3%14.4%30.1%
IV Percentile61.4%34.9%84.9%38.1%82.1%
Term Structure0.0%-0.2%0.9%0.9%-0.0%
VWIV28.8%27.1%30.5%29.1%30.5%
Skew 25d-2.4%-4.8%-0.2%-4.3%-1.2%
Skew 10d-4.7%-10.3%0.4%-7.9%-0.4%
Call IV 25d29.6%27.9%32.6%29.9%31.1%
Put IV 25d27.2%25.4%29.9%25.6%29.9%
Bid-Ask Spread %1.661.291.901.901.58
Gamma HHI0.080.060.120.080.07
Net GEX68.8M26.0M105.8M64.7M26.0M
Net DEX-993.5M-2.03B-23.2M-1.00B-23.2M
Net VEX-17.0M-19.0M-14.7M-17.5M-14.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.250.570.360.35
Total Volume228,775.781,759297,793206,958224,069
Total OI4,793,470.354,512,4125,101,5864,729,6534,772,829

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-04-01$22.73$23.0025.5%7.6%26.5%14.4%29.1%-4.3%0.9%64.7M-1.00B-17.5M0.361.90151,85255,1063,498,9131,230,740
2022-04-04$22.63$23.0026.3%7.6%26.5%18.0%29.1%-3.2%-0.2%63.7M-904.6M-16.8M0.331.78171,47956,2763,508,9671,214,276
2022-04-05$22.42$23.0025.4%7.2%22.7%13.6%28.2%-2.4%-0.1%58.4M-716.3M-16.3M0.341.77192,71865,7563,560,7151,236,004
2022-04-06$22.57$23.0025.9%7.4%20.9%16.2%28.5%-1.7%-0.2%67.0M-847.6M-16.6M0.481.79121,75158,0983,617,9941,241,950
2022-04-07$22.72$23.0025.6%7.3%20.8%14.6%27.8%-2.2%-0.1%73.5M-951.9M-16.7M0.361.65149,55854,0213,625,0771,242,216
2022-04-08$22.88$23.0025.7%7.4%21.0%15.0%27.1%-2.7%0.0%87.8M-1.13B-17.1M0.391.79189,14473,6073,661,7941,249,071
2022-04-11$23.13$23.0027.9%8.0%18.8%25.0%30.5%-3.9%0.0%91.6M-1.43B-18.0M0.271.81191,27751,2513,690,1591,269,253
2022-04-12$23.48$23.0028.8%8.2%19.3%29.0%29.6%-4.0%-0.2%99.8M-1.77B-18.4M0.271.88235,06562,7283,721,4541,266,948
2022-04-13$23.74$23.0027.9%8.0%19.5%25.3%29.9%-4.1%0.0%105.8M-2.03B-18.9M0.251.63189,03946,3573,787,7421,281,321
2022-04-14$23.65$23.0028.1%8.0%19.2%25.9%29.4%-4.8%-0.0%85.1M-1.90B-18.7M0.281.78194,38153,6363,811,6171,289,969
2022-04-18$23.89$23.0029.5%8.4%18.2%32.3%30.5%-3.9%0.3%99.0M-1.91B-19.0M0.431.79202,00287,7393,446,0051,066,407
2022-04-19$23.21$23.0027.2%7.8%20.4%22.0%28.6%-2.2%0.2%82.7M-1.26B-17.5M0.321.61209,09667,8523,511,7401,101,013
2022-04-20$23.28$23.0026.6%7.6%19.3%19.3%27.5%-2.0%0.0%86.2M-1.34B-18.2M0.481.5779,49437,8973,558,4061,123,657
2022-04-21$22.82$23.0026.5%7.6%19.8%18.9%27.5%-1.9%-0.1%73.2M-991.1M-17.2M0.351.55210,62373,5323,581,3111,125,440
2022-04-22$22.38$23.0026.4%7.6%19.9%18.3%27.3%-1.5%-0.1%62.0M-680.4M-16.7M0.571.59152,17086,9023,594,9001,128,421
2022-04-25$21.85$23.0027.1%7.9%21.2%21.7%28.4%-0.2%0.0%43.5M-366.8M-15.5M0.511.57182,00892,4713,527,2161,123,421
2022-04-26$21.71$23.0027.0%7.8%19.9%21.1%27.9%-0.2%-0.1%37.9M-276.5M-15.4M0.421.41121,51251,0783,559,8361,160,648
2022-04-27$21.49$23.0027.4%7.9%20.1%23.0%29.2%-0.6%-0.0%34.7M-191.6M-15.3M0.291.4863,53118,2283,569,6461,166,762
2022-04-28$21.41$23.0027.8%8.0%20.0%24.6%28.7%-0.9%-0.1%32.7M-143.0M-15.1M0.291.29195,85756,3533,577,8561,167,713
2022-04-29$21.06$22.5029.0%8.3%20.5%30.1%30.5%-1.2%-0.0%26.0M-23.2M-14.7M0.351.58166,37157,6983,598,1771,174,652