SLV Options History — November 2022

In November 2022, SLV traded between $17.83 and $20.41. ATM implied volatility averaged 31.2%, placing in the 39.9% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded below realized volatility by 2.7% (HV 20d: 33.9%). 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 9 of 21 days. Put/call ratio averaged 0.67.

Notable Days

2022-11-04: Highest Volume — 428,162 contracts
2022-11-25: Largest IV drop — 5.5% change
2022-11-08: Highest IV Rank — 54.1%
2022-11-08: Largest Expected Move — 9.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.38	$17.83	$20.41	$18.09	$20.41
Max Pain	$18.10	$18.00	$19.00	$19.00	$18.00
ATM IV	31.2%	27.7%	34.3%	32.2%	28.6%
Expected Move	9.2%	8.1%	9.9%	9.7%	8.9%
HV 20d	33.9%	28.6%	37.1%	28.7%	37.1%
HV 60d	36.2%	33.9%	37.5%	33.9%	37.5%
IV Rank	39.9%	24.0%	54.1%	44.5%	28.3%
IV Percentile	73.1%	41.3%	93.7%	84.9%	49.6%
Term Structure	-0.1%	-0.7%	1.1%	0.2%	0.1%
VWIV	32.6%	28.9%	35.4%	34.6%	31.6%
Skew 25d	-1.1%	-2.2%	0.1%	-1.9%	-0.4%
Skew 10d	-2.0%	-3.8%	0.1%	-3.0%	-0.1%
Call IV 25d	32.8%	28.9%	36.6%	34.3%	29.9%
Put IV 25d	31.7%	28.8%	34.7%	32.4%	29.5%
Bid-Ask Spread %	1.58	1.32	1.74	1.42	1.56
Gamma HHI	0.10	0.07	0.13	0.07	0.11
Net GEX	47.6M	21.7M	64.7M	27.6M	64.7M
Net DEX	-1.17B	-1.98B	-68.0M	-291.3M	-1.72B
Net VEX	-13.8M	-14.6M	-12.9M	-13.6M	-13.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.67	0.32	1.20	0.78	0.99
Total Volume	214,580.429	86,259	428,162	135,176	335,846
Total OI	5,532,637.143	5,164,618	5,907,125	5,508,601	5,292,902

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
2022-11-01	$18.09	$19.00	32.2%	9.7%	28.7%	44.5%	34.6%	-1.9%	0.2%	27.6M	-291.3M	-13.6M	0.78	1.42	76,112	59,064	3,910,358	1,598,243
2022-11-02	$17.83	$19.00	31.8%	9.6%	28.6%	42.9%	34.4%	-1.1%	0.0%	21.7M	-68.0M	-13.0M	0.32	1.48	143,516	45,305	3,926,003	1,607,869
2022-11-03	$17.99	$18.00	32.2%	9.4%	28.9%	44.6%	33.1%	-1.6%	-0.2%	24.5M	-205.1M	-13.2M	0.69	1.65	110,011	76,007	3,930,305	1,611,029
2022-11-04	$19.24	$18.00	33.4%	9.7%	36.5%	50.2%	34.5%	-2.2%	-0.1%	49.9M	-1.25B	-14.6M	0.49	1.69	286,711	141,451	3,958,647	1,601,006
2022-11-07	$19.16	$18.00	33.3%	9.6%	35.5%	49.5%	34.7%	-1.8%	0.5%	45.9M	-1.07B	-14.3M	0.74	1.73	120,767	89,174	3,932,160	1,613,012
2022-11-08	$19.70	$18.00	34.3%	9.9%	35.0%	54.1%	35.4%	-1.9%	0.2%	54.8M	-1.56B	-14.6M	0.36	1.74	259,853	93,106	3,981,075	1,626,868
2022-11-09	$19.38	$18.00	33.6%	9.8%	35.7%	50.9%	34.7%	-1.1%	0.7%	47.1M	-1.24B	-14.0M	0.61	1.72	158,338	95,946	3,997,788	1,663,434
2022-11-10	$19.95	$18.00	31.8%	9.4%	36.2%	42.9%	33.0%	-1.6%	1.1%	61.0M	-1.76B	-14.6M	0.60	1.67	186,392	112,687	4,022,929	1,688,588
2022-11-11	$19.91	$18.00	30.9%	9.1%	32.9%	38.8%	31.8%	-1.8%	1.0%	61.1M	-1.68B	-14.5M	0.59	1.68	140,691	82,938	4,027,673	1,721,325
2022-11-14	$20.27	$18.00	31.4%	9.1%	32.7%	41.0%	31.9%	-1.4%	-0.4%	61.1M	-1.98B	-14.3M	0.44	1.72	165,561	72,289	4,004,026	1,675,720
2022-11-15	$19.90	$18.00	32.0%	9.2%	34.0%	43.9%	33.4%	-1.9%	-0.6%	54.3M	-1.64B	-14.2M	0.87	1.61	143,392	125,397	4,036,216	1,706,517
2022-11-16	$19.77	$18.00	31.7%	9.1%	33.7%	42.3%	32.5%	-1.3%	-0.6%	55.4M	-1.57B	-14.3M	1.20	1.58	62,261	75,018	4,105,677	1,746,337
2022-11-17	$19.30	$18.00	32.1%	9.2%	35.5%	44.0%	33.0%	-1.2%	-0.6%	43.0M	-1.10B	-13.9M	0.63	1.56	105,290	66,806	4,116,640	1,754,941
2022-11-18	$19.25	$18.00	30.4%	8.8%	33.8%	36.5%	31.2%	-0.5%	-0.7%	42.8M	-1.10B	-13.7M	0.70	1.55	134,089	93,332	4,144,320	1,762,805
2022-11-21	$19.18	$18.00	30.9%	9.0%	33.8%	38.8%	32.1%	-0.3%	-0.6%	37.6M	-830.9M	-13.4M	0.56	1.54	90,468	50,852	3,693,859	1,470,759
2022-11-22	$19.40	$18.00	29.6%	8.6%	33.8%	33.0%	31.0%	-0.4%	-0.7%	44.7M	-998.1M	-13.5M	0.95	1.54	90,870	86,647	3,736,993	1,476,304
2022-11-23	$19.81	$18.00	29.3%	8.6%	34.4%	31.4%	30.8%	-0.7%	-0.5%	55.2M	-1.30B	-13.6M	0.65	1.59	106,047	68,828	3,751,996	1,493,107
2022-11-25	$19.68	$18.00	27.7%	8.1%	34.5%	24.0%	28.9%	-0.2%	-0.5%	49.5M	-1.18B	-13.2M	0.49	1.32	64,336	31,334	3,778,754	1,513,150
2022-11-28	$19.27	$18.00	28.8%	8.9%	35.3%	29.3%	31.4%	0.1%	-0.1%	45.1M	-881.3M	-12.9M	0.60	1.32	108,132	65,066	3,771,604	1,472,345
2022-11-29	$19.55	$18.00	28.2%	8.7%	35.3%	26.4%	31.2%	-0.4%	0.2%	51.6M	-1.07B	-13.1M	0.70	1.49	50,654	35,605	3,769,773	1,492,323
2022-11-30	$20.41	$18.00	28.6%	8.9%	37.1%	28.3%	31.6%	-0.4%	0.1%	64.7M	-1.72B	-13.6M	0.99	1.56	168,510	167,336	3,777,907	1,514,995