SLV Options History — August 2022

In August 2022, SLV traded between $16.60 and $19.20. ATM implied volatility averaged 27.3%, placing in the 22.6% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded below realized volatility by 1.5% (HV 20d: 28.9%). Max pain ranged from $18.00 to $19.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.41.

Notable Days

2022-08-09: Highest Volume — 328,065 contracts
2022-08-19: Largest IV spike — 5.8% change
2022-08-31: Highest IV Rank — 38.2%
2022-08-31: Largest Expected Move — 8.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.14	$16.60	$19.20	$18.77	$16.60
Max Pain	$18.87	$18.00	$19.00	$18.00	$19.00
ATM IV	27.3%	24.7%	30.8%	27.7%	30.8%
Expected Move	7.8%	7.1%	8.7%	8.0%	8.7%
HV 20d	28.9%	25.3%	32.3%	29.7%	25.8%
HV 60d	27.0%	26.1%	27.9%	27.9%	26.7%
IV Rank	22.6%	10.8%	38.2%	24.3%	38.2%
IV Percentile	55.8%	15.1%	87.7%	66.7%	87.7%
Term Structure	0.1%	-0.4%	0.6%	-0.0%	-0.1%
VWIV	28.1%	25.9%	31.4%	28.1%	31.4%
Skew 25d	0.3%	-1.1%	1.7%	-0.8%	1.0%
Skew 10d	0.3%	-3.2%	2.8%	-0.9%	1.6%
Call IV 25d	27.9%	25.6%	31.1%	28.8%	31.1%
Put IV 25d	28.2%	25.0%	32.1%	28.0%	32.1%
Bid-Ask Spread %	1.44	1.14	1.68	1.23	1.53
Gamma HHI	0.09	0.06	0.15	0.13	0.08
Net GEX	31.9M	7.4M	58.5M	40.9M	7.4M
Net DEX	-34.4M	-730.0M	776.9M	-433.5M	776.9M
Net VEX	-13.1M	-14.5M	-11.6M	-14.1M	-11.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.41	0.05	0.62	0.29	0.47
Total Volume	156,171.435	80,775	328,065	143,669	216,216
Total OI	4,969,658.435	4,601,996	5,432,133	4,601,996	5,432,133

Daily Data (23 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
2022-08-01	$18.77	$18.00	27.7%	8.0%	29.7%	24.3%	28.1%	-0.8%	-0.0%	40.9M	-433.5M	-14.1M	0.29	1.23	111,122	32,547	3,321,858	1,280,138
2022-08-02	$18.42	$18.00	27.9%	8.1%	28.1%	25.3%	29.0%	-1.1%	-0.3%	34.4M	-230.9M	-13.5M	0.62	1.27	80,253	49,816	3,338,777	1,290,553
2022-08-03	$18.52	$18.00	27.9%	8.1%	28.1%	24.9%	28.6%	-0.2%	-0.4%	35.7M	-265.5M	-13.6M	0.53	1.27	62,245	33,215	3,352,107	1,302,704
2022-08-04	$18.62	$19.00	27.3%	7.9%	28.1%	22.5%	28.3%	-0.4%	-0.1%	39.0M	-323.5M	-13.8M	0.30	1.68	67,061	20,197	3,367,990	1,314,783
2022-08-05	$18.36	$19.00	26.2%	7.5%	28.7%	17.4%	26.7%	0.4%	-0.3%	32.5M	-126.0M	-13.0M	0.34	1.57	118,383	40,103	3,382,690	1,318,906
2022-08-08	$19.02	$19.00	27.4%	7.7%	30.6%	22.9%	27.9%	-0.7%	-0.3%	47.4M	-530.3M	-13.9M	0.60	1.53	99,264	59,330	3,350,529	1,301,994
2022-08-09	$18.94	$19.00	27.4%	7.8%	30.4%	22.7%	28.8%	-0.9%	-0.1%	44.7M	-499.5M	-13.9M	0.05	1.54	312,093	15,972	3,368,168	1,312,295
2022-08-10	$18.96	$19.00	26.3%	7.6%	30.1%	18.0%	27.8%	-0.5%	0.2%	54.9M	-569.7M	-14.3M	0.39	1.31	117,281	45,592	3,595,136	1,312,342
2022-08-11	$18.70	$19.00	25.5%	7.4%	26.4%	14.2%	26.9%	0.0%	0.1%	43.1M	-320.4M	-13.3M	0.18	1.59	108,661	19,224	3,619,317	1,342,187
2022-08-12	$19.20	$19.00	24.7%	7.1%	27.4%	10.8%	25.9%	-0.5%	0.3%	58.5M	-730.0M	-14.5M	0.25	1.60	148,472	37,592	3,645,525	1,349,634
2022-08-15	$18.69	$19.00	25.6%	7.4%	29.7%	14.5%	26.7%	0.7%	0.3%	43.1M	-327.2M	-13.6M	0.26	1.33	126,983	32,639	3,678,316	1,351,843
2022-08-16	$18.57	$19.00	25.6%	7.3%	29.9%	14.5%	26.3%	-0.3%	0.6%	43.0M	-286.0M	-13.5M	0.42	1.32	56,846	23,929	3,718,384	1,347,975
2022-08-17	$18.28	$19.00	25.6%	7.3%	30.6%	14.7%	26.5%	0.6%	0.5%	34.1M	-26.3M	-12.7M	0.38	1.42	102,616	39,358	3,723,931	1,358,712
2022-08-18	$18.05	$19.00	26.4%	7.5%	31.1%	18.3%	27.0%	1.0%	0.5%	28.6M	89.8M	-12.6M	0.62	1.56	96,494	59,506	3,749,790	1,380,044
2022-08-19	$17.55	$19.00	27.9%	8.0%	32.3%	25.2%	28.4%	1.7%	0.2%	21.9M	344.1M	-12.0M	0.51	1.50	136,083	69,627	3,804,713	1,414,016
2022-08-22	$17.48	$19.00	29.1%	8.3%	32.2%	30.5%	29.7%	1.3%	-0.0%	18.6M	325.9M	-12.2M	0.58	1.39	105,755	61,033	3,576,880	1,344,434
2022-08-23	$17.61	$19.00	28.7%	8.2%	32.1%	29.0%	29.1%	1.2%	0.2%	20.3M	298.9M	-12.6M	0.47	1.52	62,033	29,258	3,637,411	1,389,835
2022-08-24	$17.62	$19.00	28.2%	8.0%	31.1%	26.5%	28.5%	1.2%	0.2%	20.5M	280.6M	-12.7M	0.59	1.35	61,474	36,297	3,661,864	1,403,294
2022-08-25	$17.70	$19.00	27.4%	7.7%	25.6%	22.8%	28.3%	1.4%	0.2%	21.7M	274.8M	-12.7M	0.51	1.51	109,847	55,548	3,698,716	1,425,545
2022-08-26	$17.39	$19.00	27.2%	7.7%	25.5%	22.1%	27.9%	1.1%	0.3%	16.7M	424.9M	-12.7M	0.40	1.40	99,880	39,590	3,759,136	1,455,158
2022-08-29	$17.28	$19.00	28.5%	8.0%	25.3%	27.7%	29.1%	0.4%	-0.1%	15.9M	449.9M	-12.6M	0.23	1.14	117,955	26,664	3,762,989	1,463,460
2022-08-30	$16.97	$19.00	29.3%	8.1%	25.3%	31.7%	28.7%	0.7%	-0.4%	11.4M	612.6M	-11.8M	0.48	1.46	167,126	80,763	3,820,870	1,475,062
2022-08-31	$16.60	$19.00	30.8%	8.7%	25.8%	38.2%	31.4%	1.0%	-0.1%	7.4M	776.9M	-11.6M	0.47	1.53	146,921	69,295	3,903,208	1,528,925