SLV Options History — September 2022

In September 2022, SLV traded between $16.39 and $18.23. ATM implied volatility averaged 30.7%, placing in the 38.0% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 1.1% (HV 20d: 29.6%). Max pain ranged from $17.00 to $19.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.51.

Notable Days

  • 2022-09-12: Highest Volume — 466,242 contracts
  • 2022-09-12: Largest IV spike — 7.9% change
  • 2022-09-26: Highest IV Rank — 48.0%
  • 2022-09-26: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.44$16.39$18.23$16.39$17.52
Max Pain$17.79$17.00$19.00$19.00$18.00
ATM IV30.7%27.4%32.9%32.3%32.4%
Expected Move8.8%7.8%9.5%9.1%9.4%
HV 20d29.6%21.3%35.1%25.5%33.7%
HV 60d28.3%26.4%29.9%26.6%29.6%
IV Rank38.0%23.0%48.0%45.1%45.5%
IV Percentile85.1%56.3%97.2%94.8%95.2%
Term Structure-0.1%-0.5%0.4%-0.4%0.2%
VWIV31.7%27.6%35.0%33.2%33.2%
Skew 25d1.0%-0.7%2.3%1.3%1.6%
Skew 10d1.9%-2.6%4.2%3.4%3.5%
Call IV 25d31.4%27.6%33.7%32.8%32.8%
Put IV 25d32.4%28.8%34.9%34.1%34.4%
Bid-Ask Spread %1.371.001.891.731.18
Gamma HHI0.090.070.220.080.09
Net GEX28.0M5.9M56.2M5.9M31.9M
Net DEX124.8M-521.4M825.0M825.0M118.7M
Net VEX-13.9M-15.6M-11.4M-11.4M-13.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.220.980.230.63
Total Volume223,142.286135,274466,242446,694207,518
Total OI5,767,628.8575,532,0456,023,1965,532,0455,840,167

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-09-01$16.39$19.0032.3%9.1%25.5%45.1%33.2%1.3%-0.4%5.9M825.0M-11.4M0.231.73362,84383,8513,979,2771,552,768
2022-09-02$16.56$19.0031.0%8.5%26.0%39.3%31.0%2.0%-0.2%8.9M697.1M-12.5M0.381.00113,96943,7764,134,8571,588,884
2022-09-06$16.56$17.5030.3%8.7%21.3%36.2%30.3%2.0%0.2%8.6M657.6M-12.6M0.221.29155,37433,6404,106,0501,573,622
2022-09-07$16.98$17.5029.6%8.4%24.2%32.8%29.3%1.8%-0.4%14.7M481.1M-13.0M0.301.11194,55258,8264,137,4991,579,115
2022-09-08$17.05$17.0027.9%7.9%24.3%25.0%27.9%1.0%-0.2%22.8M421.6M-13.0M0.291.11114,77132,7344,220,0071,604,538
2022-09-09$17.34$17.0027.4%7.8%25.3%23.0%27.6%1.2%0.2%32.1M197.9M-14.0M0.261.23136,65135,2404,236,6761,599,311
2022-09-12$18.23$17.0029.6%8.3%30.0%32.7%29.7%-0.7%-0.3%47.8M-521.4M-15.6M0.291.27360,943105,2994,224,0911,588,161
2022-09-13$17.82$17.5029.8%8.4%29.6%33.6%30.5%0.6%-0.5%40.3M-106.1M-14.7M0.791.27219,404174,2874,292,2031,610,674
2022-09-14$18.04$17.5030.3%8.6%30.0%36.2%31.9%0.3%-0.4%42.9M-310.2M-15.3M0.671.89112,55675,2614,316,7041,675,820
2022-09-15$17.66$17.5031.5%8.9%30.4%41.4%32.9%1.3%-0.4%36.4M15.4M-14.5M0.741.5696,77671,2504,299,4051,676,603
2022-09-16$18.03$17.5030.8%8.7%31.1%38.2%31.2%0.9%-0.4%56.2M-287.4M-14.8M0.781.56144,219111,9364,319,5751,703,621
2022-09-19$17.97$17.5030.3%8.7%29.3%36.1%30.8%0.6%0.0%33.8M-310.9M-15.3M0.791.46128,708101,7924,053,7791,519,773
2022-09-20$17.77$18.0031.3%8.9%29.6%40.3%35.0%0.1%0.2%30.5M-175.6M-14.9M0.511.57107,05754,9154,083,9181,530,602
2022-09-21$18.07$18.0030.3%8.7%30.1%35.9%31.6%-0.4%0.3%36.4M-322.3M-14.9M0.381.43136,12651,1814,129,7461,543,580
2022-09-22$18.12$18.0030.5%8.7%30.1%36.7%31.6%-0.7%0.2%37.1M-337.9M-14.9M0.531.2688,36746,9074,149,2721,560,526
2022-09-23$17.39$18.0031.5%9.0%33.6%41.4%32.1%2.3%0.1%22.2M154.2M-14.1M0.601.63113,19768,1654,167,5891,578,398
2022-09-26$16.95$18.0032.9%9.5%34.3%48.0%34.6%1.1%-0.2%17.4M467.2M-12.6M0.291.29201,04157,4354,136,5441,549,367
2022-09-27$16.92$18.0032.1%9.3%34.2%44.3%33.2%1.1%0.2%16.1M501.8M-12.4M0.651.17102,45066,7584,146,2061,559,264
2022-09-28$17.41$18.0031.6%9.2%35.1%41.7%32.3%1.6%0.4%23.4M217.3M-13.4M0.491.41108,02053,1194,165,2311,593,771
2022-09-29$17.36$18.0032.4%9.5%34.1%45.5%34.7%2.3%0.3%22.6M238.3M-13.4M0.981.4278,17876,8964,195,9671,597,045
2022-09-30$17.52$18.0032.4%9.4%33.7%45.5%33.2%1.6%0.2%31.9M118.7M-13.6M0.631.18127,23680,2824,210,2111,629,956