SLV Options History — February 2024

In February 2024, SLV traded between $20.20 and $21.41. ATM implied volatility averaged 21.2%, placing in the 8.8% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 1.5% (HV 20d: 22.7%). Max pain ranged from $20.00 to $21.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.34.

Notable Days

2024-02-16: Highest Volume — 285,928 contracts
2024-02-12: Largest IV spike — 6.4% change
2024-02-16: Highest IV Rank — 18.0%
2024-02-01: Largest Expected Move — 6.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$20.73	$20.20	$21.41	$21.21	$20.74
Max Pain	$20.70	$20.00	$21.00	$21.00	$21.00
ATM IV	21.2%	19.8%	22.3%	22.1%	20.6%
Expected Move	6.1%	5.7%	6.4%	6.4%	6.0%
HV 20d	22.7%	19.1%	25.1%	19.1%	23.3%
HV 60d	23.9%	23.0%	24.5%	23.8%	23.5%
IV Rank	8.8%	0.0%	18.0%	12.2%	5.9%
IV Percentile	6.3%	0.0%	19.0%	12.7%	2.0%
Term Structure	-0.0%	-0.5%	0.5%	0.2%	-0.0%
VWIV	22.3%	20.6%	24.5%	22.6%	22.1%
Skew 25d	-1.6%	-3.7%	0.0%	-1.8%	-1.6%
Skew 10d	-3.3%	-7.3%	-1.0%	-3.5%	-4.1%
Call IV 25d	22.8%	21.3%	24.9%	23.9%	22.4%
Put IV 25d	21.2%	19.7%	22.5%	22.0%	20.7%
Bid-Ask Spread %	1.38	0.94	1.99	1.18	1.10
Gamma HHI	0.14	0.10	0.18	0.11	0.18
Net GEX	37.5M	10.3M	69.5M	45.2M	56.3M
Net DEX	-557.5M	-1.12B	-182.4M	-696.1M	-676.1M
Net VEX	-7.2M	-7.6M	-6.8M	-7.4M	-7.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.34	0.12	0.74	0.51	0.23
Total Volume	143,774.5	57,273	285,928	150,597	72,654
Total OI	3,038,391.7	2,838,311	3,229,199	2,838,311	3,225,548

Daily Data (20 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
2024-02-01	$21.21	$21.00	22.1%	6.4%	19.1%	12.2%	22.6%	-1.8%	0.2%	45.2M	-696.1M	-7.4M	0.51	1.18	99,442	51,155	2,107,254	731,057
2024-02-02	$20.74	$21.00	21.2%	6.3%	20.7%	4.7%	22.7%	-1.4%	0.5%	25.9M	-422.9M	-7.2M	0.28	1.80	110,842	31,544	2,161,038	762,017
2024-02-05	$20.46	$21.00	21.4%	6.1%	21.0%	6.8%	21.9%	-1.2%	-0.2%	16.7M	-295.5M	-6.9M	0.52	1.51	82,275	42,756	2,156,435	739,353
2024-02-06	$20.52	$21.00	20.7%	6.0%	21.1%	1.4%	22.0%	-0.5%	0.1%	21.0M	-344.3M	-7.0M	0.26	1.58	72,547	19,204	2,196,480	742,979
2024-02-07	$20.34	$21.00	20.3%	5.8%	21.2%	0.0%	21.2%	-1.0%	0.1%	14.5M	-245.0M	-6.8M	0.29	1.76	119,592	34,402	2,228,989	761,057
2024-02-08	$20.68	$20.00	20.4%	5.9%	22.2%	0.4%	21.3%	-1.3%	0.1%	30.4M	-480.0M	-7.1M	0.37	1.78	58,875	21,892	2,264,512	770,805
2024-02-09	$20.68	$20.00	19.8%	5.7%	22.0%	0.0%	20.6%	-1.5%	-0.0%	28.5M	-466.7M	-7.1M	0.74	1.87	59,014	43,893	2,280,965	780,710
2024-02-12	$20.77	$20.00	21.0%	6.0%	20.9%	9.0%	21.6%	-1.1%	-0.0%	32.8M	-550.5M	-7.1M	0.22	0.95	86,691	19,356	2,252,362	790,340
2024-02-13	$20.20	$20.00	21.3%	6.1%	22.8%	11.0%	21.9%	0.0%	-0.3%	10.3M	-182.4M	-6.8M	0.43	1.82	119,168	51,723	2,305,133	796,696
2024-02-14	$20.45	$20.00	21.6%	6.2%	22.6%	13.3%	21.4%	-0.9%	0.1%	27.8M	-386.3M	-7.2M	0.57	1.04	124,882	70,707	2,348,361	799,284
2024-02-15	$20.96	$20.00	21.9%	6.3%	24.2%	15.5%	22.4%	-1.2%	0.1%	59.6M	-855.2M	-7.4M	0.18	0.99	203,632	36,169	2,407,538	821,661
2024-02-16	$21.41	$21.00	22.3%	6.3%	25.1%	18.0%	23.1%	-1.9%	0.5%	69.5M	-1.12B	-7.6M	0.22	0.94	234,020	51,908	2,381,060	836,314
2024-02-20	$21.05	$21.00	22.0%	6.3%	24.3%	16.2%	24.5%	-2.1%	-0.3%	48.1M	-772.1M	-7.4M	0.19	1.41	110,652	21,416	2,134,531	751,039
2024-02-21	$20.95	$21.00	21.8%	6.1%	23.8%	14.7%	21.9%	-1.7%	-0.2%	46.5M	-700.4M	-7.4M	0.49	1.24	38,326	18,947	2,174,850	759,010
2024-02-22	$20.81	$21.00	20.9%	5.9%	23.7%	8.3%	21.3%	-1.7%	-0.1%	42.7M	-631.0M	-7.3M	0.28	1.99	132,781	37,232	2,162,906	754,084
2024-02-23	$20.98	$21.00	21.9%	6.2%	23.6%	15.1%	24.0%	-3.7%	-0.5%	49.7M	-740.5M	-7.4M	0.12	1.07	188,237	23,446	2,229,644	778,905
2024-02-26	$20.64	$21.00	21.3%	6.3%	24.3%	11.0%	24.1%	-2.5%	-0.1%	41.2M	-560.4M	-7.2M	0.22	1.34	139,782	30,225	2,280,305	767,908
2024-02-27	$20.56	$21.00	20.7%	6.1%	23.6%	6.8%	22.9%	-2.1%	0.1%	41.9M	-526.7M	-7.2M	0.38	1.16	62,623	23,628	2,356,201	785,170
2024-02-28	$20.54	$21.00	20.5%	6.0%	23.6%	5.6%	22.9%	-2.1%	-0.1%	40.5M	-497.1M	-7.2M	0.31	1.12	99,425	30,427	2,386,795	798,538
2024-02-29	$20.74	$21.00	20.6%	6.0%	23.3%	5.9%	22.1%	-1.6%	-0.0%	56.3M	-676.1M	-7.4M	0.23	1.10	59,239	13,415	2,418,308	807,240