SLV Options History — June 2023

In June 2023, SLV traded between $20.55 and $22.30. ATM implied volatility averaged 23.7%, placing in the 2.8% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 1.2% (HV 20d: 24.9%). Max pain ranged from $21.00 to $22.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.50.

Notable Days

2023-06-16: Highest Volume — 249,600 contracts
2023-06-02: Largest IV drop — 7.3% change
2023-06-01: Highest IV Rank — 9.0%
2023-06-01: Largest Expected Move — 7.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.46	$20.55	$22.30	$21.93	$20.91
Max Pain	$21.74	$21.00	$22.00	$21.00	$21.50
ATM IV	23.7%	22.2%	25.8%	25.8%	22.2%
Expected Move	6.8%	6.2%	7.7%	7.7%	6.2%
HV 20d	24.9%	21.4%	27.9%	26.0%	25.3%
HV 60d	23.7%	22.1%	25.5%	25.3%	22.3%
IV Rank	2.8%	0.0%	9.0%	9.0%	0.0%
IV Percentile	1.2%	0.0%	4.8%	4.8%	0.0%
Term Structure	0.2%	-0.0%	0.6%	-0.0%	0.5%
VWIV	24.5%	21.9%	27.7%	27.7%	22.0%
Skew 25d	-1.2%	-1.8%	-0.2%	-1.6%	-0.2%
Skew 10d	-2.2%	-3.5%	-0.7%	-3.4%	-0.8%
Call IV 25d	24.9%	22.7%	27.6%	27.6%	22.7%
Put IV 25d	23.8%	22.5%	26.0%	26.0%	22.5%
Bid-Ask Spread %	1.27	1.10	1.54	1.43	1.31
Gamma HHI	0.09	0.08	0.10	0.08	0.09
Net GEX	55.1M	36.7M	79.8M	65.9M	49.1M
Net DEX	-1.25B	-1.99B	-533.1M	-1.71B	-832.3M
Net VEX	-14.2M	-16.6M	-12.2M	-16.6M	-12.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.10	0.93	0.18	0.79
Total Volume	114,772.667	50,552	249,600	94,249	121,294
Total OI	5,301,775.429	4,863,606	5,631,946	5,528,937	5,050,699

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
2023-06-01	$21.93	$21.00	25.8%	7.7%	26.0%	9.0%	27.7%	-1.6%	-0.0%	65.9M	-1.71B	-16.6M	0.18	1.43	80,116	14,133	4,240,652	1,288,285
2023-06-02	$21.68	$21.00	23.9%	7.0%	24.0%	0.0%	25.1%	-0.8%	0.2%	54.0M	-1.47B	-15.8M	0.45	1.42	51,010	23,032	4,265,804	1,289,541
2023-06-05	$21.66	$22.00	24.3%	6.9%	23.8%	3.2%	25.9%	-0.8%	-0.0%	51.8M	-1.42B	-15.4M	0.47	1.42	47,129	21,926	4,231,635	1,285,229
2023-06-06	$21.66	$22.00	23.6%	6.8%	23.8%	0.0%	24.9%	-1.3%	0.1%	52.3M	-1.40B	-15.2M	0.23	1.17	61,539	14,049	4,244,053	1,280,759
2023-06-07	$21.55	$22.00	23.4%	6.7%	23.8%	0.0%	25.4%	-1.3%	0.1%	48.5M	-1.29B	-14.7M	0.41	1.16	35,885	14,667	4,248,516	1,283,740
2023-06-08	$22.29	$22.00	24.2%	6.9%	27.3%	6.7%	24.8%	-1.2%	0.2%	79.2M	-1.99B	-15.8M	0.10	1.23	129,595	13,507	4,254,148	1,281,513
2023-06-09	$22.30	$22.00	23.7%	6.8%	21.4%	2.7%	24.6%	-1.8%	0.3%	76.8M	-1.99B	-15.7M	0.41	1.30	89,570	37,019	4,302,316	1,285,069
2023-06-12	$22.11	$22.00	24.0%	6.9%	21.4%	5.1%	25.1%	-1.8%	0.1%	68.3M	-1.79B	-15.3M	0.86	1.32	91,489	78,894	4,273,499	1,287,514
2023-06-13	$21.70	$22.00	24.1%	6.9%	22.4%	5.8%	25.5%	-1.4%	0.1%	54.6M	-1.45B	-14.9M	0.58	1.18	61,416	35,569	4,309,763	1,275,756
2023-06-14	$21.98	$22.00	23.5%	6.8%	22.4%	1.3%	24.6%	-1.3%	-0.0%	68.5M	-1.68B	-15.1M	0.63	1.27	59,034	37,203	4,327,975	1,278,976
2023-06-15	$21.91	$22.00	23.7%	6.8%	22.4%	2.5%	24.2%	-1.6%	0.1%	68.9M	-1.61B	-14.7M	0.54	1.23	34,555	18,763	4,352,653	1,275,660
2023-06-16	$22.18	$22.00	23.2%	6.7%	22.5%	0.0%	24.9%	-1.3%	0.3%	79.8M	-1.85B	-14.9M	0.12	1.10	223,589	26,011	4,355,012	1,276,934
2023-06-20	$21.27	$22.00	23.9%	6.8%	26.8%	5.1%	24.9%	-1.3%	0.4%	51.6M	-951.0M	-13.4M	0.46	1.29	100,389	46,580	3,850,274	1,013,332
2023-06-21	$20.82	$22.00	24.1%	6.9%	27.7%	6.4%	25.3%	-1.4%	0.3%	42.4M	-696.7M	-12.8M	0.57	1.36	76,888	43,741	3,872,340	1,019,905
2023-06-22	$20.55	$21.50	23.7%	6.8%	27.9%	3.5%	24.2%	-0.8%	0.5%	37.3M	-533.1M	-12.2M	0.44	1.32	66,854	29,647	3,894,368	1,020,694
2023-06-23	$20.56	$21.50	23.5%	6.7%	27.5%	2.3%	23.9%	-0.8%	0.6%	36.7M	-559.3M	-12.2M	0.60	1.21	61,491	36,999	3,914,502	1,025,191
2023-06-26	$20.91	$21.50	24.0%	6.8%	27.7%	5.9%	24.6%	-1.5%	0.3%	45.5M	-773.0M	-12.7M	0.38	1.21	94,520	35,601	3,875,521	1,025,846
2023-06-27	$21.01	$21.50	23.2%	6.5%	26.1%	0.0%	23.2%	-1.1%	0.4%	46.5M	-817.9M	-12.7M	0.50	1.54	90,974	45,170	3,896,219	1,048,002
2023-06-28	$20.87	$21.50	22.4%	6.2%	26.2%	0.0%	22.3%	-0.6%	0.4%	41.8M	-771.9M	-12.4M	0.81	1.13	68,938	55,960	3,943,299	1,075,129
2023-06-29	$20.71	$21.50	22.3%	6.2%	25.7%	0.0%	21.9%	-0.4%	0.4%	38.6M	-675.6M	-12.2M	0.93	1.10	70,085	65,395	3,944,200	1,072,761
2023-06-30	$20.91	$21.50	22.2%	6.2%	25.3%	0.0%	22.0%	-0.2%	0.5%	49.1M	-832.3M	-12.6M	0.79	1.31	67,759	53,535	3,977,449	1,073,250