SLV Options History — October 2023

In October 2023, SLV traded between $19.21 and $21.41. ATM implied volatility averaged 27.2%, placing in the 44.3% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 0.5% (HV 20d: 26.7%). Max pain ranged from $21.00 to $21.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.36.

Notable Days

2023-10-20: Highest Volume — 361,918 contracts
2023-10-13: Largest IV spike — 11.0% change
2023-10-19: Highest IV Rank — 54.1%
2023-10-04: Largest Expected Move — 8.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$20.48	$19.21	$21.41	$19.41	$20.95
Max Pain	$21.00	$21.00	$21.00	$21.00	$21.00
ATM IV	27.2%	25.3%	28.7%	27.1%	26.3%
Expected Move	7.9%	7.2%	8.7%	8.0%	7.9%
HV 20d	26.7%	22.0%	29.8%	23.7%	23.7%
HV 60d	24.0%	23.2%	25.0%	24.9%	23.4%
IV Rank	44.3%	30.4%	54.1%	41.8%	42.1%
IV Percentile	48.4%	32.9%	63.9%	44.8%	40.5%
Term Structure	-0.4%	-1.0%	0.2%	-0.5%	0.2%
VWIV	28.4%	25.6%	31.0%	28.4%	27.8%
Skew 25d	-1.0%	-2.3%	0.2%	-0.5%	-1.2%
Skew 10d	-1.8%	-4.1%	0.8%	0.1%	-1.7%
Call IV 25d	28.6%	26.4%	30.9%	27.7%	27.7%
Put IV 25d	27.6%	26.2%	29.6%	27.2%	26.4%
Bid-Ask Spread %	1.65	1.17	2.06	1.46	1.87
Gamma HHI	0.12	0.09	0.15	0.10	0.12
Net GEX	48.0M	15.5M	71.7M	15.5M	54.8M
Net DEX	-707.4M	-1.44B	184.0M	184.0M	-975.1M
Net VEX	-10.5M	-11.4M	-9.0M	-9.0M	-10.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.36	0.19	0.66	0.56	0.46
Total Volume	168,509.636	48,694	361,918	337,317	82,860
Total OI	4,672,887.455	4,041,846	5,177,140	4,566,834	4,126,652

Daily Data (22 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
2023-10-02	$19.41	$21.00	27.1%	8.0%	23.7%	41.8%	28.4%	-0.5%	-0.5%	15.5M	184.0M	-9.0M	0.56	1.46	216,585	120,732	3,585,813	981,021
2023-10-03	$19.45	$21.00	28.2%	8.4%	22.8%	48.7%	30.1%	-0.4%	-0.5%	20.7M	90.1M	-9.3M	0.48	1.58	185,126	88,917	3,695,194	995,881
2023-10-04	$19.30	$21.00	28.7%	8.7%	22.4%	52.3%	31.0%	0.0%	-0.8%	21.3M	123.5M	-9.4M	0.29	1.71	178,445	52,285	3,770,395	1,003,531
2023-10-05	$19.21	$21.00	28.6%	8.0%	22.3%	51.3%	29.4%	0.1%	-0.6%	22.3M	137.2M	-9.3M	0.25	2.04	123,483	30,927	3,858,876	1,004,452
2023-10-06	$19.74	$21.00	27.5%	7.7%	25.1%	44.6%	27.6%	0.2%	-0.6%	32.3M	-231.7M	-10.1M	0.32	1.44	173,158	55,038	3,911,752	1,007,216
2023-10-09	$20.07	$21.00	28.3%	8.0%	25.8%	49.6%	28.9%	-0.8%	-0.3%	39.5M	-458.7M	-10.5M	0.28	1.66	105,625	29,092	3,874,315	1,005,157
2023-10-10	$19.95	$21.00	26.7%	7.6%	25.8%	39.3%	27.9%	-0.3%	-0.3%	35.6M	-324.7M	-10.3M	0.19	1.68	104,280	19,409	3,896,497	1,020,939
2023-10-11	$20.19	$21.00	26.0%	7.4%	26.2%	34.9%	26.8%	-0.0%	-0.2%	43.5M	-507.0M	-10.4M	0.21	1.17	123,591	25,648	3,947,062	1,019,714
2023-10-12	$19.98	$21.00	25.3%	7.2%	26.2%	30.4%	25.6%	-0.2%	-0.0%	35.8M	-334.6M	-10.1M	0.49	1.33	83,107	40,749	3,978,631	1,023,435
2023-10-13	$20.79	$21.00	28.1%	8.0%	29.1%	49.3%	28.6%	-1.6%	-0.1%	63.1M	-1.06B	-11.3M	0.26	1.78	246,043	63,879	4,020,801	1,043,044
2023-10-16	$20.69	$21.00	26.6%	7.6%	28.9%	39.7%	27.5%	-1.4%	-0.7%	57.9M	-860.0M	-10.8M	0.25	1.37	107,878	27,067	3,975,738	1,051,100
2023-10-17	$20.95	$21.00	27.2%	7.8%	29.3%	43.4%	27.7%	-1.4%	-0.8%	70.3M	-1.11B	-11.1M	0.66	1.23	65,191	43,285	4,022,909	1,057,536
2023-10-18	$20.94	$21.00	27.2%	7.8%	29.3%	43.8%	28.0%	-1.9%	-0.6%	67.4M	-1.08B	-11.1M	0.26	1.41	200,657	52,045	4,037,259	1,086,170
2023-10-19	$21.13	$21.00	28.4%	8.2%	29.4%	54.1%	29.4%	-1.9%	-1.0%	65.4M	-1.18B	-11.1M	0.54	1.81	111,585	60,245	3,979,367	1,103,496
2023-10-20	$21.41	$21.00	28.1%	8.1%	29.8%	52.2%	30.0%	-1.8%	-0.5%	71.7M	-1.44B	-11.4M	0.33	1.37	272,434	89,484	4,030,711	1,146,429
2023-10-23	$21.02	$21.00	27.4%	8.1%	29.8%	47.7%	29.4%	-1.9%	-0.2%	54.6M	-1.07B	-11.1M	0.44	1.84	53,880	23,554	3,115,986	925,860
2023-10-24	$21.02	$21.00	25.9%	7.6%	29.5%	37.4%	27.8%	-1.3%	-0.0%	55.8M	-1.05B	-10.9M	0.34	2.01	36,455	12,239	3,129,177	932,557
2023-10-25	$20.96	$21.00	26.1%	7.7%	29.0%	38.4%	27.8%	-1.3%	0.0%	53.6M	-1.02B	-10.8M	0.40	1.74	75,759	29,985	3,138,382	935,717
2023-10-26	$20.84	$21.00	26.0%	7.6%	29.1%	38.2%	27.9%	-1.1%	-0.1%	51.7M	-909.4M	-10.8M	0.33	2.06	52,369	17,221	3,183,737	948,948
2023-10-27	$21.16	$21.00	26.7%	7.9%	28.7%	44.6%	28.6%	-1.8%	-0.1%	57.5M	-1.18B	-11.0M	0.31	1.84	88,378	27,425	3,195,708	952,611
2023-10-30	$21.37	$21.00	27.4%	8.3%	22.0%	50.1%	29.3%	-2.3%	-0.1%	65.0M	-1.32B	-10.9M	0.39	1.98	79,854	31,243	3,156,456	927,292
2023-10-31	$20.95	$21.00	26.3%	7.9%	23.7%	42.1%	27.8%	-1.2%	0.2%	54.8M	-975.1M	-10.5M	0.46	1.87	56,853	26,007	3,184,232	942,420