SLV Options History — December 2022

In December 2022, SLV traded between $20.43 and $22.26. ATM implied volatility averaged 29.4%, placing in the 32.1% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded below realized volatility by 5.9% (HV 20d: 35.3%). Max pain ranged from $18.00 to $20.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.59.

Notable Days

2022-12-02: Highest Volume — 346,640 contracts
2022-12-20: Largest IV spike — 6.5% change
2022-12-12: Highest IV Rank — 39.7%
2022-12-02: Largest Expected Move — 9.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.50	$20.43	$22.26	$20.95	$22.01
Max Pain	$19.83	$18.00	$20.00	$18.00	$20.00
ATM IV	29.4%	27.8%	31.1%	29.4%	30.0%
Expected Move	8.5%	7.9%	9.5%	9.2%	8.6%
HV 20d	35.3%	31.8%	38.6%	37.0%	35.3%
HV 60d	37.1%	34.0%	38.7%	37.5%	34.0%
IV Rank	32.1%	24.5%	39.7%	31.9%	34.6%
IV Percentile	55.4%	38.5%	73.8%	57.9%	59.9%
Term Structure	0.2%	-0.3%	0.8%	0.0%	0.6%
VWIV	30.6%	28.8%	35.4%	35.4%	30.8%
Skew 25d	-0.6%	-1.3%	0.2%	-0.2%	-1.0%
Skew 10d	-0.3%	-1.6%	1.8%	0.1%	-1.0%
Call IV 25d	30.7%	28.9%	32.5%	30.4%	31.1%
Put IV 25d	30.0%	28.8%	31.6%	30.2%	30.1%
Bid-Ask Spread %	1.37	1.20	1.70	1.53	1.23
Gamma HHI	0.12	0.09	0.30	0.11	0.30
Net GEX	67.9M	57.3M	94.6M	69.0M	94.6M
Net DEX	-2.20B	-2.75B	-1.61B	-2.14B	-2.14B
Net VEX	-13.5M	-14.1M	-12.9M	-14.0M	-12.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.59	0.21	1.70	0.41	0.41
Total Volume	186,778.048	89,213	346,640	297,177	129,347
Total OI	5,392,309.429	5,129,421	5,671,098	5,370,083	5,288,658

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
2022-12-01	$20.95	$18.00	29.4%	9.2%	37.0%	31.9%	35.4%	-0.2%	0.0%	69.0M	-2.14B	-14.0M	0.41	1.53	210,999	86,178	3,812,267	1,557,816
2022-12-02	$21.34	$18.50	30.2%	9.5%	37.1%	35.7%	33.7%	0.1%	-0.2%	65.5M	-2.37B	-14.1M	0.61	1.44	215,695	130,945	3,803,366	1,568,646
2022-12-05	$20.45	$20.00	29.4%	8.4%	34.5%	31.8%	30.0%	-0.1%	0.3%	57.3M	-1.61B	-13.6M	0.59	1.35	141,641	83,564	3,797,356	1,583,010
2022-12-06	$20.43	$20.00	29.8%	8.6%	34.4%	33.9%	30.9%	-0.6%	0.3%	59.5M	-1.63B	-13.7M	0.21	1.24	163,423	34,266	3,857,586	1,596,520
2022-12-07	$20.94	$20.00	30.6%	8.7%	34.1%	37.3%	30.9%	-1.0%	-0.0%	66.1M	-2.08B	-13.9M	0.48	1.34	184,504	88,240	3,902,570	1,607,408
2022-12-08	$21.21	$20.00	30.4%	8.7%	33.5%	36.5%	31.0%	-1.0%	0.2%	70.8M	-2.34B	-13.9M	0.39	1.25	129,761	50,785	3,916,906	1,614,816
2022-12-09	$21.59	$20.00	29.9%	8.5%	32.6%	34.4%	31.4%	-0.4%	0.4%	77.7M	-2.60B	-13.9M	0.31	1.20	202,914	62,430	3,914,590	1,644,321
2022-12-12	$21.45	$20.00	31.1%	8.8%	32.8%	39.7%	31.5%	-0.9%	-0.3%	64.4M	-2.40B	-13.7M	0.40	1.37	108,763	43,590	3,885,304	1,637,652
2022-12-13	$21.86	$20.00	29.5%	8.4%	32.9%	32.3%	30.7%	-0.8%	-0.2%	68.7M	-2.71B	-13.6M	0.40	1.35	127,992	51,670	3,907,960	1,655,322
2022-12-14	$22.02	$20.00	28.8%	8.2%	31.8%	29.3%	29.5%	-0.9%	-0.3%	69.7M	-2.75B	-13.7M	0.61	1.23	111,944	68,111	3,903,198	1,675,874
2022-12-15	$21.26	$20.00	28.4%	8.1%	34.7%	27.2%	28.8%	-0.1%	-0.1%	63.7M	-2.17B	-13.6M	0.47	1.30	102,106	47,531	3,940,391	1,701,413
2022-12-16	$21.38	$20.00	27.8%	7.9%	33.1%	24.6%	29.0%	0.2%	-0.0%	64.6M	-2.32B	-13.4M	1.70	1.38	95,136	161,653	3,961,236	1,709,862
2022-12-19	$21.11	$20.00	27.8%	7.9%	33.6%	24.5%	28.9%	-0.1%	0.1%	60.3M	-1.64B	-13.3M	0.44	1.34	64,539	28,607	3,653,699	1,475,722
2022-12-20	$22.26	$20.00	29.6%	8.5%	37.5%	32.7%	30.2%	-0.7%	-0.1%	70.0M	-2.45B	-13.6M	0.68	1.29	157,165	106,604	3,677,841	1,486,578
2022-12-21	$22.05	$20.00	28.5%	8.2%	38.0%	27.8%	29.5%	-0.8%	0.2%	68.2M	-2.27B	-13.6M	0.72	1.42	87,448	62,725	3,690,806	1,537,737
2022-12-22	$21.66	$20.00	29.2%	8.4%	38.5%	30.9%	29.9%	-1.3%	0.3%	64.6M	-1.95B	-13.5M	0.53	1.41	99,566	52,618	3,699,747	1,541,532
2022-12-23	$21.82	$20.00	28.7%	8.2%	38.3%	28.5%	29.2%	-0.6%	0.3%	68.8M	-2.13B	-13.3M	0.57	1.28	56,969	32,244	3,731,504	1,552,816
2022-12-27	$22.14	$20.00	30.2%	8.7%	37.1%	35.5%	31.1%	-1.2%	0.5%	70.0M	-2.35B	-13.2M	0.37	1.42	88,325	33,091	3,700,088	1,541,013
2022-12-28	$21.62	$20.00	29.5%	8.5%	38.6%	32.4%	30.4%	-1.1%	0.5%	63.6M	-1.89B	-13.0M	0.97	1.70	56,935	55,086	3,694,215	1,553,582
2022-12-29	$22.01	$20.00	29.4%	8.4%	36.2%	31.9%	30.5%	-0.9%	0.8%	68.8M	-2.18B	-13.0M	1.15	1.62	49,829	57,400	3,701,764	1,555,806
2022-12-30	$22.01	$20.00	30.0%	8.6%	35.3%	34.6%	30.8%	-1.0%	0.6%	94.6M	-2.14B	-12.9M	0.41	1.23	91,655	37,692	3,700,412	1,588,246