SLV Options History — January 2024

In January 2024, SLV traded between $20.20 and $21.64. ATM implied volatility averaged 22.7%, placing in the 16.5% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 2.4% (HV 20d: 20.3%). 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 8 of 21 days. Put/call ratio averaged 0.44.

Notable Days

  • 2024-01-03: Highest Volume — 288,934 contracts
  • 2024-01-29: Largest IV spike — 5.7% change
  • 2024-01-02: Highest IV Rank — 33.6%
  • 2024-01-02: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.94$20.20$21.64$21.64$20.88
Max Pain$21.24$21.00$22.00$21.00$21.00
ATM IV22.7%21.2%25.0%25.0%22.0%
Expected Move6.6%6.2%6.9%6.9%6.5%
HV 20d20.3%15.7%27.2%27.2%20.3%
HV 60d23.9%23.1%24.9%24.8%23.9%
IV Rank16.5%5.1%33.6%33.6%11.0%
IV Percentile18.6%1.6%47.6%47.6%11.1%
Term Structure-0.1%-0.7%0.3%-0.5%0.2%
VWIV24.1%21.8%25.7%25.1%23.3%
Skew 25d-1.5%-2.3%-0.9%-2.2%-1.4%
Skew 10d-3.1%-4.4%-1.3%-4.0%-2.9%
Call IV 25d24.4%22.3%27.3%27.3%23.2%
Put IV 25d22.9%21.1%25.1%25.1%21.8%
Bid-Ask Spread %1.521.132.212.211.29
Gamma HHI0.110.100.130.130.10
Net GEX35.4M10.2M58.7M58.7M30.7M
Net DEX-569.6M-1.20B-158.9M-1.20B-496.1M
Net VEX-7.6M-8.9M-6.6M-8.9M-7.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.191.070.570.33
Total Volume133,334.04867,885288,934121,266123,601
Total OI3,743,481.0952,596,3464,441,5644,217,0402,838,574

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$21.64$21.0025.0%6.9%27.2%33.6%25.1%-2.2%-0.5%58.7M-1.20B-8.9M0.572.2177,08844,1783,270,350946,690
2024-01-03$21.09$21.0024.3%6.9%25.2%28.0%24.5%-1.7%-0.3%41.7M-710.6M-8.6M0.491.35194,19694,7383,298,863965,204
2024-01-04$21.09$22.0023.5%6.8%24.9%22.7%24.9%-1.9%-0.1%40.8M-718.5M-8.5M0.531.6289,35447,2183,340,586960,671
2024-01-05$21.21$22.0023.1%6.7%25.0%19.5%25.0%-2.0%0.1%46.7M-846.5M-8.4M0.501.8787,02943,1923,363,823961,236
2024-01-08$21.13$22.0023.1%6.7%24.9%19.7%25.3%-1.8%0.2%42.7M-756.8M-8.1M0.351.4074,59925,8623,324,082964,919
2024-01-09$21.02$22.0022.8%6.6%22.0%16.8%25.7%-1.5%0.2%37.5M-634.8M-7.9M0.341.1768,12023,3003,347,688977,084
2024-01-10$20.95$22.0023.2%6.7%21.8%19.8%24.6%-1.9%0.3%36.9M-571.5M-7.8M0.322.0090,65829,3943,363,102978,882
2024-01-11$20.80$21.0022.7%6.5%22.0%16.0%24.1%-1.2%0.2%33.4M-433.6M-7.6M0.521.68106,94355,8333,388,647971,863
2024-01-12$21.20$21.0023.2%6.7%16.9%20.1%25.3%-2.3%-0.0%44.6M-842.5M-8.0M0.281.55127,58335,9203,403,775987,257
2024-01-16$20.98$21.0022.9%6.6%15.8%17.9%25.5%-1.8%-0.1%37.8M-581.8M-7.4M0.191.37108,07420,2353,408,020985,320
2024-01-17$20.64$21.0023.0%6.6%16.0%18.7%23.2%-1.1%-0.7%28.0M-227.5M-7.0M0.661.1791,93860,7943,439,096986,514
2024-01-18$20.81$21.0022.3%6.4%16.5%13.2%23.2%-1.1%-0.3%34.7M-431.0M-7.1M0.281.1364,85517,9803,443,961965,536
2024-01-19$20.68$21.0021.8%6.3%15.7%9.8%22.8%-1.3%-0.6%20.2M-159.5M-6.8M1.071.1784,30590,5553,475,143966,421
2024-01-22$20.20$21.0022.3%6.5%17.0%13.5%23.7%-1.0%-0.2%10.2M-158.9M-6.6M0.281.47166,64846,4031,948,017648,329
2024-01-23$20.55$21.0022.2%6.5%18.1%12.6%23.2%-0.9%-0.3%22.1M-333.6M-7.1M0.661.4767,97544,5312,049,047666,273
2024-01-24$20.73$21.0022.1%6.5%18.6%11.4%23.3%-1.1%-0.1%27.9M-438.0M-7.3M0.421.83112,62847,6502,074,923692,217
2024-01-25$20.95$21.0021.8%6.4%19.0%9.7%22.8%-1.1%-0.0%33.2M-541.5M-7.4M0.541.8551,18027,5392,083,561704,844
2024-01-26$20.88$21.0021.2%6.2%19.0%5.1%21.8%-1.3%0.0%32.1M-497.8M-7.3M0.301.5052,09215,7932,098,438722,410
2024-01-29$21.21$21.0022.4%6.6%20.0%14.2%23.7%-1.8%0.0%39.2M-686.6M-7.5M0.261.4486,36422,1152,066,904715,867
2024-01-30$21.20$21.0022.3%6.6%19.8%13.5%24.4%-1.7%-0.0%44.1M-692.6M-7.5M0.401.2958,30723,2482,094,284724,682
2024-01-31$20.88$21.0022.0%6.5%20.3%11.0%23.3%-1.4%0.2%30.7M-496.1M-7.2M0.331.2992,65330,9482,106,418732,156