SLV Options History — December 2023

In December 2023, SLV traded between $20.86 and $23.34. ATM implied volatility averaged 24.0%, placing in the 26.3% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 4.5% (HV 20d: 28.5%). Max pain ranged from $21.00 to $22.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.30.

Notable Days

  • 2023-12-05: Highest Volume — 347,099 contracts
  • 2023-12-05: Largest IV drop — 8.3% change
  • 2023-12-01: Highest IV Rank — 38.8%
  • 2023-12-01: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.94$20.86$23.34$23.34$21.79
Max Pain$21.05$21.00$22.00$22.00$21.00
ATM IV24.0%23.2%25.7%25.7%24.1%
Expected Move6.8%6.6%7.9%7.9%6.8%
HV 20d28.5%22.0%30.7%22.0%27.6%
HV 60d25.9%23.4%27.3%23.4%24.8%
IV Rank26.3%20.2%38.8%38.8%26.9%
IV Percentile32.9%21.8%42.5%42.5%38.1%
Term Structure0.1%-0.6%0.9%-0.3%0.8%
VWIV25.4%23.7%27.3%27.2%24.2%
Skew 25d-2.8%-3.6%-1.2%-3.2%-2.8%
Skew 10d-5.6%-7.0%-3.0%-6.5%-5.8%
Call IV 25d26.3%24.9%28.0%28.0%25.7%
Put IV 25d23.5%22.8%24.8%24.8%22.9%
Bid-Ask Spread %1.610.992.311.451.87
Gamma HHI0.130.110.160.140.13
Net GEX71.5M38.8M99.2M99.2M62.2M
Net DEX-1.52B-2.69B-603.1M-2.69B-1.35B
Net VEX-9.9M-10.3M-9.3M-10.3M-9.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.150.690.280.58
Total Volume175,885.774,314347,099197,256163,878
Total OI4,544,065.154,322,2714,762,3564,365,8374,612,188

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-12-01$23.34$22.0025.7%7.9%22.0%38.8%27.2%-3.2%-0.3%99.2M-2.69B-10.3M0.281.45154,11143,1453,349,5671,016,270
2023-12-04$22.44$21.0025.4%7.0%26.7%36.9%27.3%-3.6%0.3%79.2M-1.86B-10.1M0.211.74254,91152,6513,331,142991,129
2023-12-05$22.12$21.0023.3%6.6%27.2%21.0%23.7%-2.7%0.0%70.7M-1.58B-10.0M0.691.46205,655141,4443,379,1481,010,096
2023-12-06$21.93$21.0023.3%6.7%26.5%21.2%25.4%-2.6%0.1%63.6M-1.40B-10.0M0.311.7393,84628,8983,407,0341,060,650
2023-12-07$21.80$21.0023.4%6.6%26.6%21.4%25.4%-2.6%0.3%62.5M-1.33B-10.1M0.281.7395,62826,4003,441,8391,066,819
2023-12-08$21.09$21.0023.5%6.7%29.5%22.7%25.1%-1.2%0.3%39.3M-710.2M-9.7M0.341.85211,55671,4593,472,7451,063,972
2023-12-11$20.91$21.0024.2%6.8%29.0%27.9%26.2%-1.6%-0.5%39.9M-616.9M-9.6M0.212.31118,26025,1713,517,3561,052,702
2023-12-12$20.86$21.0024.5%6.9%29.0%29.7%24.3%-2.2%-0.5%38.8M-603.1M-9.5M0.290.9998,34428,0603,572,8211,046,769
2023-12-13$21.77$21.0024.5%6.9%30.2%30.0%24.4%-2.1%-0.6%75.0M-1.43B-10.0M0.371.20171,01463,6903,573,3941,041,853
2023-12-14$22.13$21.0023.8%6.8%30.4%24.8%24.9%-3.3%-0.2%92.6M-1.85B-10.2M0.151.38212,56132,0143,639,5841,057,110
2023-12-15$21.82$21.0023.6%6.7%30.6%23.5%25.4%-3.2%-0.5%78.5M-1.46B-10.2M0.221.19105,51723,5903,695,8601,066,496
2023-12-18$21.77$21.0024.0%6.9%30.7%26.1%25.5%-3.1%0.0%70.7M-1.45B-10.0M0.231.7596,03921,8923,513,821966,537
2023-12-19$22.02$21.0023.9%6.8%30.6%25.3%25.9%-3.3%-0.1%80.5M-1.67B-10.1M0.161.86115,27418,5753,568,203976,711
2023-12-20$22.11$21.0024.3%7.0%30.2%28.0%25.4%-2.8%-0.3%80.1M-1.74B-10.2M0.361.33111,73139,7233,574,356979,508
2023-12-21$22.31$21.0024.2%6.9%30.2%27.9%24.9%-3.6%0.2%86.4M-1.91B-10.2M0.361.7773,88126,3893,582,773983,307
2023-12-22$22.11$21.0023.2%6.6%28.8%20.2%25.7%-2.9%0.2%79.0M-1.72B-10.0M0.271.77182,33649,4113,595,730987,550
2023-12-26$22.20$21.0023.9%6.8%28.4%25.4%25.6%-2.8%0.6%80.0M-1.76B-9.6M0.251.7659,36714,9473,552,078982,629
2023-12-27$22.20$21.0023.7%6.7%27.7%24.0%25.7%-3.5%0.9%79.7M-1.77B-9.5M0.171.22152,72626,1573,577,283988,873
2023-12-28$22.01$21.0023.7%6.6%27.8%23.6%25.2%-3.0%0.7%73.0M-1.58B-9.4M0.381.9478,13729,3263,591,403993,997
2023-12-29$21.79$21.0024.1%6.8%27.6%26.9%24.2%-2.8%0.8%62.2M-1.35B-9.3M0.581.87103,79160,0873,599,5141,012,674