SLV Options History — November 2023

In November 2023, SLV traded between $20.37 and $23.13. ATM implied volatility averaged 24.5%, placing in the 29.2% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 2.3% (HV 20d: 22.2%). 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 10 of 21 days. Put/call ratio averaged 0.40.

Notable Days

  • 2023-11-28: Highest Volume — 402,734 contracts
  • 2023-11-28: Largest IV spike — 4.1% change
  • 2023-11-01: Highest IV Rank — 35.9%
  • 2023-11-01: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.52$20.37$23.13$20.98$23.13
Max Pain$21.38$21.00$22.00$21.00$22.00
ATM IV24.5%23.9%25.5%25.5%24.3%
Expected Move7.1%6.9%7.6%7.6%7.2%
HV 20d22.2%18.2%23.9%23.3%22.4%
HV 60d23.8%23.2%24.7%23.2%23.4%
IV Rank29.2%24.7%35.9%35.9%28.6%
IV Percentile34.1%30.2%39.3%33.7%36.5%
Term Structure-0.0%-0.6%0.8%0.2%-0.3%
VWIV26.0%24.1%27.8%27.8%25.8%
Skew 25d-1.5%-3.1%-0.3%-1.5%-3.1%
Skew 10d-2.7%-5.8%-0.1%-2.6%-5.7%
Call IV 25d26.0%25.0%27.2%27.2%27.0%
Put IV 25d24.5%23.8%25.7%25.7%23.9%
Bid-Ask Spread %1.521.101.811.491.70
Gamma HHI0.150.110.200.130.19
Net GEX68.1M21.3M107.7M56.7M107.7M
Net DEX-1.35B-2.53B-425.1M-989.4M-2.53B
Net VEX-10.0M-10.6M-9.2M-10.4M-10.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.190.740.330.41
Total Volume155,391.09567,577402,73478,335185,559
Total OI4,214,415.4294,044,0114,467,5444,153,5164,314,736

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$20.98$21.0025.5%7.6%23.3%35.9%27.8%-1.5%0.2%56.7M-989.4M-10.4M0.331.4959,05019,2853,200,466953,050
2023-11-02$20.86$21.0024.6%7.2%23.4%29.2%26.1%-1.0%0.1%52.7M-883.3M-10.3M0.461.6046,90821,5683,221,317958,857
2023-11-03$21.23$21.0024.7%7.3%22.3%30.5%26.8%-1.1%0.3%64.3M-1.20B-10.6M0.401.4387,18134,4983,240,080966,673
2023-11-06$21.11$21.0023.9%7.0%22.0%24.7%25.5%-0.6%0.3%62.9M-1.07B-10.0M0.401.4648,44219,1353,209,137939,731
2023-11-07$20.73$21.0024.2%7.1%23.0%26.7%25.9%-0.3%0.7%44.8M-740.2M-9.8M0.191.5595,30918,1793,226,648955,198
2023-11-08$20.66$21.0024.4%7.2%22.8%28.3%26.9%-1.0%0.8%41.5M-705.8M-9.8M0.491.7474,93236,9463,250,712957,775
2023-11-09$20.70$21.0024.6%7.3%22.4%29.5%26.8%-0.9%0.8%38.9M-729.9M-9.8M0.221.81127,87427,6783,259,988977,808
2023-11-10$20.37$21.0024.3%7.1%18.2%28.5%27.3%-0.9%0.6%21.3M-425.1M-9.4M0.371.61116,28442,5763,276,971977,830
2023-11-13$20.45$21.0024.5%7.0%18.2%29.7%27.1%-0.9%0.0%35.4M-503.3M-9.2M0.491.6288,76443,8753,266,342954,942
2023-11-14$21.19$21.0024.9%7.2%21.9%32.8%26.1%-1.7%-0.2%69.4M-1.18B-9.9M0.361.25165,08459,3703,298,508972,467
2023-11-15$21.48$21.0024.4%7.0%22.4%29.4%24.9%-1.2%-0.1%82.3M-1.46B-10.0M0.361.40143,03851,2863,345,267993,079
2023-11-16$21.73$21.0024.2%7.0%22.5%27.8%24.5%-1.8%-0.4%88.2M-1.66B-10.2M0.231.70215,15750,3793,352,1591,022,430
2023-11-17$21.74$21.0024.0%6.9%22.1%26.0%24.1%-1.0%-0.3%71.4M-1.64B-10.2M0.451.1090,71540,6783,430,8151,036,729
2023-11-20$21.48$22.0024.3%7.0%21.4%28.6%26.1%-2.0%-0.5%63.2M-1.22B-10.0M0.191.39125,22223,1953,125,221918,790
2023-11-21$21.79$22.0025.2%7.3%21.9%35.0%27.1%-2.1%-0.6%75.4M-1.46B-10.3M0.581.5857,13232,9713,152,153926,867
2023-11-22$21.66$22.0024.2%6.9%22.1%27.4%24.9%-1.3%-0.5%73.0M-1.36B-10.0M0.561.4051,44228,6693,170,473916,008
2023-11-24$22.27$22.0024.0%7.0%23.7%26.0%24.9%-1.4%-0.6%89.2M-1.86B-10.0M0.741.42130,28996,4883,198,447934,452
2023-11-27$22.56$22.0023.9%7.1%23.6%25.5%25.2%-2.3%-0.0%92.0M-2.07B-10.0M0.331.53114,13438,0293,189,303936,376
2023-11-28$22.91$22.0024.9%7.4%23.9%32.9%26.3%-2.8%0.1%97.2M-2.34B-10.2M0.311.52308,53594,1993,228,869953,734
2023-11-29$22.89$22.0024.6%7.3%22.3%30.9%26.0%-2.7%-0.4%102.9M-2.34B-10.3M0.461.60104,74048,4183,319,667972,649
2023-11-30$23.13$22.0024.3%7.2%22.4%28.6%25.8%-3.1%-0.3%107.7M-2.53B-10.3M0.411.70131,40454,1553,327,325987,411