SLV Options History — May 2022

In May 2022, SLV traded between $19.15 and $21.25. ATM implied volatility averaged 30.1%, placing in the 34.9% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 4.3% (HV 20d: 25.8%). Max pain ranged from $21.50 to $23.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.50.

Notable Days

  • 2022-05-12: Highest Volume — 281,760 contracts
  • 2022-05-12: Largest IV spike — 9.3% change
  • 2022-05-12: Highest IV Rank — 52.5%
  • 2022-05-12: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.19$19.15$21.25$20.87$19.88
Max Pain$21.90$21.50$23.00$23.00$21.50
ATM IV30.1%25.5%33.9%30.0%26.0%
Expected Move8.7%7.2%9.6%8.9%7.6%
HV 20d25.8%20.5%29.3%20.5%29.3%
HV 60d25.2%23.5%26.5%23.6%25.3%
IV Rank34.9%14.1%52.5%34.9%16.5%
IV Percentile81.8%35.3%97.2%87.3%48.8%
Term Structure-0.2%-0.7%0.4%-0.2%0.2%
VWIV31.2%25.9%34.7%32.2%27.2%
Skew 25d0.4%-0.7%1.5%-0.1%0.4%
Skew 10d0.7%-0.7%2.5%0.0%1.0%
Call IV 25d30.9%26.3%34.4%31.3%26.8%
Put IV 25d31.3%26.2%35.8%31.2%27.2%
Bid-Ask Spread %1.331.021.521.301.16
Gamma HHI0.060.050.070.060.06
Net GEX26.9M8.1M39.1M26.7M18.0M
Net DEX172.8M-158.1M674.7M36.5M300.4M
Net VEX-13.5M-15.0M-12.0M-14.3M-12.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.220.970.450.58
Total Volume190,048.857110,829281,760175,663164,690
Total OI5,084,500.3814,776,6835,444,7634,776,6834,983,975

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-05-02$20.87$23.0030.0%8.9%20.5%34.9%32.2%-0.1%-0.2%26.7M36.5M-14.3M0.451.30121,37754,2863,621,4551,155,228
2022-05-03$20.82$22.5029.8%8.9%20.5%33.9%32.3%-0.6%-0.1%28.5M16.3M-14.4M0.451.2880,36836,2803,663,8541,166,376
2022-05-04$21.25$22.5028.8%8.5%22.2%29.2%30.3%0.1%-0.3%35.1M-158.1M-15.0M0.221.52224,93448,6133,678,7281,171,945
2022-05-05$20.77$22.5030.9%8.9%23.0%38.8%32.2%0.4%-0.2%39.1M-17.7M-14.5M0.441.49164,82772,5183,783,4331,182,377
2022-05-06$20.69$22.5030.3%8.7%22.6%35.8%31.8%1.0%-0.3%32.1M39.9M-14.3M0.571.32135,86278,0853,820,0541,208,068
2022-05-09$20.06$22.5032.0%9.1%24.0%43.7%33.3%0.2%-0.1%22.9M286.6M-13.5M0.461.43121,31655,8123,781,8291,201,752
2022-05-10$19.68$22.5031.8%9.0%23.5%42.9%32.4%0.9%-0.2%15.8M478.3M-12.5M0.451.42186,08483,2033,815,8381,214,776
2022-05-11$19.92$22.0031.0%8.9%23.1%39.4%32.8%0.9%-0.2%20.3M393.0M-12.9M0.661.36147,49897,6553,860,7061,251,690
2022-05-12$19.15$22.0033.9%9.6%24.4%52.5%34.7%1.4%-0.3%8.1M674.7M-12.0M0.441.48195,62486,1363,924,7121,310,209
2022-05-13$19.39$21.5032.0%9.2%25.7%43.6%32.7%1.5%0.4%14.0M535.9M-12.6M0.481.44186,76489,5424,012,3231,333,755
2022-05-16$19.92$21.5032.6%9.3%28.0%46.4%33.4%0.2%-0.6%24.9M241.4M-13.6M0.291.29147,35242,8633,999,9441,325,547
2022-05-17$19.96$21.5030.9%8.8%27.3%38.5%32.3%0.5%-0.3%26.0M253.7M-13.5M0.401.2798,23739,0274,040,8021,335,935
2022-05-18$19.75$21.5031.6%9.0%27.0%41.7%32.3%0.7%-0.7%21.2M368.2M-12.9M0.571.3470,71140,1184,038,5351,341,599
2022-05-19$20.27$21.5031.8%9.1%29.2%42.8%32.7%-0.4%-0.6%32.9M78.5M-13.9M0.471.25121,48857,4424,048,2191,344,936
2022-05-20$20.07$21.5030.2%8.7%28.8%35.5%31.2%0.4%-0.7%29.9M229.2M-13.5M0.481.26100,70348,1744,084,4591,360,304
2022-05-23$20.10$21.5029.8%8.7%28.0%34.0%31.4%-0.7%-0.2%29.2M24.2M-13.5M0.271.38120,28831,9993,604,1871,241,825
2022-05-24$20.41$21.5028.7%8.3%28.8%28.7%30.1%0.1%0.1%35.9M-127.4M-14.1M0.621.3993,49358,3813,636,6851,248,797
2022-05-25$20.35$21.5027.5%7.9%28.7%23.3%28.3%0.2%0.2%34.0M-36.6M-13.5M0.971.45118,033114,6803,656,8881,264,805
2022-05-26$20.33$21.5026.0%7.5%28.7%16.6%26.5%0.8%0.2%32.3M12.4M-13.5M0.671.1082,18355,1103,701,8181,308,960
2022-05-27$20.37$21.5025.5%7.2%28.3%14.1%25.9%-0.2%0.3%38.5M-926.6K-13.6M0.491.0279,83339,4373,721,0761,326,104
2022-05-31$19.88$21.5026.0%7.6%29.3%16.5%27.2%0.4%0.2%18.0M300.4M-12.4M0.581.16104,39460,2963,676,7701,307,205