SLV Options History — October 2022

In October 2022, SLV traded between $16.79 and $19.37. ATM implied volatility averaged 34.3%, placing in the 54.3% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 8.6% (HV 20d: 42.9%). Max pain ranged from $18.00 to $19.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.64.

Notable Days

2022-10-03: Highest Volume — 385,774 contracts
2022-10-10: Largest IV spike — 5.0% change
2022-10-11: Highest IV Rank — 63.0%
2022-10-25: Largest Expected Move — 10.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.89	$16.79	$19.37	$19.07	$17.64
Max Pain	$18.86	$18.00	$19.00	$18.00	$19.00
ATM IV	34.3%	31.7%	36.2%	34.1%	32.2%
Expected Move	9.9%	9.3%	10.4%	10.1%	9.6%
HV 20d	42.9%	27.6%	46.2%	44.4%	27.6%
HV 60d	34.7%	34.0%	35.5%	34.4%	34.3%
IV Rank	54.3%	42.4%	63.0%	53.1%	44.6%
IV Percentile	94.5%	82.9%	98.0%	97.6%	85.3%
Term Structure	-0.3%	-1.0%	0.1%	-0.1%	-0.0%
VWIV	36.1%	33.7%	37.9%	37.5%	34.4%
Skew 25d	-1.0%	-2.4%	0.5%	-1.0%	-1.3%
Skew 10d	-1.7%	-4.5%	0.5%	-2.9%	-1.8%
Call IV 25d	36.1%	34.0%	37.9%	36.0%	34.0%
Put IV 25d	35.1%	31.9%	37.4%	35.0%	32.7%
Bid-Ask Spread %	1.57	1.17	1.77	1.24	1.48
Gamma HHI	0.07	0.06	0.08	0.07	0.07
Net GEX	27.8M	9.2M	50.9M	47.6M	18.1M
Net DEX	-221.0M	-1.34B	602.0M	-1.15B	47.4M
Net VEX	-14.2M	-16.4M	-12.7M	-16.3M	-12.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.64	0.35	1.73	0.39	0.63
Total Volume	228,369.571	121,121	385,774	385,774	122,149
Total OI	5,823,720.714	5,407,582	6,224,405	5,614,326	5,462,333

Daily Data (21 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
2022-10-03	$19.07	$18.00	34.1%	10.1%	44.4%	53.1%	37.5%	-1.0%	-0.1%	47.6M	-1.15B	-16.3M	0.39	1.24	276,763	109,011	4,014,618	1,599,708
2022-10-04	$19.37	$18.00	33.3%	9.7%	44.4%	49.7%	35.1%	-1.0%	-0.0%	50.9M	-1.34B	-16.1M	0.57	1.17	188,219	107,761	4,065,486	1,640,013
2022-10-05	$19.05	$18.00	33.7%	9.8%	44.7%	51.4%	35.3%	-1.5%	0.0%	44.9M	-1.10B	-16.4M	0.52	1.33	162,624	84,016	4,078,973	1,674,190
2022-10-06	$19.03	$19.00	34.2%	9.8%	44.8%	53.8%	35.1%	-1.4%	0.1%	47.1M	-1.10B	-16.3M	0.89	1.55	123,640	110,046	4,125,635	1,675,719
2022-10-07	$18.48	$19.00	34.0%	9.7%	46.2%	52.8%	36.3%	-2.4%	0.1%	35.0M	-671.1M	-15.6M	0.60	1.66	228,521	136,263	4,114,229	1,663,799
2022-10-10	$18.08	$19.00	35.7%	10.1%	43.5%	60.5%	37.9%	-1.4%	-0.3%	33.3M	-370.8M	-15.2M	0.78	1.75	115,740	89,955	4,163,515	1,702,642
2022-10-11	$17.65	$19.00	36.2%	10.2%	43.6%	63.0%	37.8%	-0.8%	-0.6%	24.6M	-10.6M	-14.1M	0.63	1.77	176,584	111,179	4,209,232	1,712,111
2022-10-12	$17.57	$19.00	35.8%	10.1%	43.4%	61.1%	37.0%	0.3%	-0.6%	24.5M	-11.4M	-14.5M	0.48	1.58	225,718	108,781	4,253,393	1,741,334
2022-10-13	$17.39	$19.00	35.1%	10.0%	42.9%	58.0%	36.7%	-0.3%	-0.5%	18.5M	171.1M	-14.0M	0.45	1.74	231,217	104,029	4,271,348	1,780,359
2022-10-14	$16.79	$19.00	35.8%	10.2%	43.7%	60.9%	37.1%	0.5%	-0.3%	9.2M	602.0M	-12.8M	0.65	1.62	195,391	127,052	4,330,202	1,792,136
2022-10-17	$17.16	$19.00	35.7%	10.2%	44.6%	60.6%	37.9%	0.1%	-0.6%	15.6M	325.4M	-13.4M	0.35	1.67	130,469	45,190	4,332,572	1,803,137
2022-10-18	$17.22	$19.00	34.9%	10.0%	44.6%	56.7%	36.1%	0.3%	-1.0%	17.3M	283.0M	-13.2M	0.56	1.73	77,601	43,520	4,349,155	1,799,937
2022-10-19	$17.02	$19.00	34.4%	9.9%	44.2%	54.7%	35.5%	0.1%	-0.8%	11.4M	440.9M	-12.7M	0.54	1.67	131,713	70,703	4,360,575	1,795,450
2022-10-20	$17.13	$19.00	33.8%	9.7%	44.2%	51.9%	34.7%	-0.9%	-0.6%	13.6M	353.2M	-12.9M	0.55	1.49	116,975	64,339	4,392,091	1,798,453
2022-10-21	$17.76	$19.00	34.1%	9.8%	43.9%	53.4%	35.9%	-1.3%	-0.6%	33.9M	-149.1M	-14.0M	0.36	1.52	218,970	79,731	4,413,950	1,810,455
2022-10-24	$17.70	$19.00	35.0%	10.2%	42.8%	57.4%	37.4%	-1.3%	-0.2%	26.0M	-149.1M	-13.7M	0.45	1.62	91,303	40,715	3,875,663	1,531,919
2022-10-25	$17.85	$19.00	34.9%	10.4%	42.8%	56.7%	36.9%	-1.0%	-0.4%	28.9M	-216.8M	-13.8M	0.77	1.63	81,281	62,759	3,891,261	1,543,415
2022-10-26	$17.96	$19.00	33.5%	9.9%	41.7%	50.6%	35.2%	-1.8%	-0.5%	31.2M	-283.9M	-14.0M	0.92	1.46	67,307	61,959	3,903,040	1,577,925
2022-10-27	$17.95	$19.00	33.0%	9.7%	41.7%	48.0%	34.2%	-2.1%	-0.1%	29.3M	-257.9M	-13.8M	1.73	1.69	54,256	93,846	3,907,108	1,593,135
2022-10-28	$17.74	$19.00	31.7%	9.3%	41.9%	42.4%	33.7%	-2.1%	-0.1%	22.2M	-55.5M	-13.2M	0.68	1.62	76,614	51,851	3,919,611	1,628,308
2022-10-31	$17.64	$19.00	32.2%	9.6%	27.6%	44.6%	34.4%	-1.3%	-0.0%	18.1M	47.4M	-12.9M	0.63	1.48	75,039	47,110	3,876,988	1,585,345