SLV Options History — April 2023

In April 2023, SLV traded between $22.04 and $23.74. ATM implied volatility averaged 29.1%, placing in the 37.6% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 5.2% (HV 20d: 23.9%). Max pain ranged from $20.00 to $22.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.36.

Notable Days

  • 2023-04-04: Highest Volume — 511,132 contracts
  • 2023-04-04: Largest IV spike — 14.6% change
  • 2023-04-04: Highest IV Rank — 78.9%
  • 2023-04-04: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.03$22.04$23.74$22.04$22.98
Max Pain$20.74$20.00$22.00$20.00$22.00
ATM IV29.1%25.8%33.8%29.5%25.8%
Expected Move8.3%7.4%9.8%8.4%7.4%
HV 20d23.9%20.2%32.8%32.8%20.2%
HV 60d27.7%27.2%28.4%27.6%27.2%
IV Rank37.6%9.4%78.9%41.3%9.4%
IV Percentile43.0%5.2%93.3%52.4%5.2%
Term Structure-0.1%-0.4%0.3%0.3%0.2%
VWIV29.8%26.2%34.6%30.2%26.2%
Skew 25d-1.8%-4.0%-0.6%-3.5%-0.6%
Skew 10d-3.9%-7.1%-0.8%-7.1%-1.7%
Call IV 25d30.8%26.9%36.7%32.2%26.9%
Put IV 25d29.0%26.3%32.7%28.7%26.3%
Bid-Ask Spread %1.791.482.022.021.91
Gamma HHI0.070.070.120.070.12
Net GEX92.1M78.6M113.5M83.9M108.0M
Net DEX-3.03B-3.87B-2.32B-2.56B-2.42B
Net VEX-18.7M-19.8M-17.5M-17.5M-17.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.170.790.190.53
Total Volume188,501.68466,203511,132311,05394,700
Total OI5,298,209.1584,829,6755,647,8144,930,1845,043,180

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$22.04$20.0029.5%8.4%32.8%41.3%30.2%-3.5%0.3%83.9M-2.56B-17.5M0.192.02262,41948,6343,751,8211,178,363
2023-04-04$22.98$20.0033.8%9.8%28.8%78.9%34.6%-4.0%0.0%93.6M-3.34B-19.6M0.371.89373,801137,3313,946,5901,205,393
2023-04-05$22.94$20.0033.5%9.5%28.8%75.7%33.6%-2.9%-0.1%90.9M-3.26B-19.7M0.331.84198,84665,1314,021,1071,291,995
2023-04-06$22.87$20.0031.3%9.0%28.9%56.8%32.8%-2.6%0.1%97.2M-3.27B-19.6M0.301.75108,63132,4954,116,5471,291,770
2023-04-10$22.88$20.0031.6%9.1%28.7%59.9%32.5%-2.4%-0.1%90.6M-3.24B-19.3M0.301.79102,80330,3864,101,5821,268,217
2023-04-11$23.04$20.0031.3%9.0%22.0%56.7%32.4%-2.7%-0.1%91.8M-3.35B-19.5M0.231.70115,42026,6214,118,7961,285,601
2023-04-12$23.44$20.0030.8%8.8%21.8%52.3%31.2%-2.4%-0.1%98.6M-3.65B-19.6M0.171.65185,21530,5914,147,0591,296,461
2023-04-13$23.74$20.0030.2%8.6%21.8%47.1%30.5%-1.7%-0.1%113.5M-3.87B-19.8M0.301.79318,05596,0754,198,3371,306,676
2023-04-14$23.31$21.0028.8%8.3%23.6%35.1%29.4%-1.7%-0.0%99.2M-3.40B-19.0M0.261.75171,69545,3924,207,1401,364,069
2023-04-17$22.98$21.0028.5%8.2%22.8%32.7%29.4%-1.0%-0.0%90.5M-3.04B-18.3M0.341.63107,63737,0964,166,1101,313,055
2023-04-18$23.14$21.0027.3%7.8%22.8%22.3%27.9%-0.8%-0.1%90.5M-3.14B-18.4M0.311.8887,64527,4184,193,5911,327,159
2023-04-19$23.27$21.0027.5%7.9%22.0%23.9%27.8%-1.1%-0.0%97.8M-3.27B-18.4M0.311.6950,42815,7754,252,1631,332,217
2023-04-20$23.19$21.0026.8%7.7%20.8%17.8%27.6%-1.7%-0.1%93.7M-3.20B-18.2M0.791.8673,88758,2494,254,6831,334,996
2023-04-21$22.99$21.0027.1%7.8%21.3%20.2%27.8%-1.0%0.1%82.2M-3.00B-18.1M0.551.9684,26646,5284,276,4761,371,338
2023-04-24$23.11$21.0026.4%7.6%21.3%14.7%27.3%-1.0%-0.4%86.7M-2.47B-17.9M0.261.7573,70519,4363,756,7591,072,916
2023-04-25$22.96$21.0028.0%8.1%21.6%28.2%28.4%-1.4%-0.3%84.1M-2.40B-17.8M0.682.00188,254127,8913,773,4191,080,459
2023-04-26$22.84$22.0027.5%8.0%21.6%23.6%28.4%-1.0%-0.2%78.6M-2.32B-18.1M0.411.4848,74420,0023,851,6861,149,919
2023-04-27$22.88$22.0026.8%7.7%21.5%18.0%27.7%-0.7%-0.1%79.1M-2.36B-18.0M0.261.6256,01414,3163,862,7971,155,527
2023-04-28$22.98$22.0025.8%7.4%20.2%9.4%26.2%-0.6%0.2%108.0M-2.42B-17.9M0.531.9161,89632,8043,884,1701,159,010