SLV Options History — March 2024

In March 2024, SLV traded between $21.20 and $23.30. ATM implied volatility averaged 22.7%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded below realized volatility by 2.4% (HV 20d: 25.1%). Max pain ranged from $21.00 to $21.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.36.

Notable Days

  • 2024-03-28: Highest Volume — 604,538 contracts
  • 2024-03-12: Largest IV drop — 10.8% change
  • 2024-03-07: Highest IV Rank — 33.5%
  • 2024-03-28: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.43$21.20$23.30$21.20$22.74
Max Pain$21.00$21.00$21.00$21.00$21.00
ATM IV22.7%20.8%24.5%21.5%23.6%
Expected Move6.5%6.0%6.9%6.5%6.9%
HV 20d25.1%23.1%26.6%24.0%25.9%
HV 60d22.8%21.3%23.8%22.7%23.3%
IV Rank21.0%7.3%33.5%12.2%27.5%
IV Percentile31.4%3.6%61.5%9.1%50.4%
Term Structure-0.1%-1.2%0.6%-0.2%0.4%
VWIV23.8%21.8%25.9%23.0%25.9%
Skew 25d-3.6%-4.7%-1.8%-1.8%-4.3%
Skew 10d-7.4%-10.1%-3.9%-3.9%-8.9%
Call IV 25d25.4%23.0%27.4%23.5%27.3%
Put IV 25d21.8%20.3%23.1%21.6%23.0%
Bid-Ask Spread %1.511.032.101.181.69
Gamma HHI0.170.110.250.220.14
Net GEX84.0M21.7M119.3M79.7M64.9M
Net DEX-1.72B-2.59B-1.04B-1.04B-1.71B
Net VEX-8.3M-8.7M-7.7M-7.7M-8.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.100.860.240.10
Total Volume278,007.75109,752604,538280,978604,538
Total OI3,476,812.83,187,6433,878,3313,244,6483,448,429

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-03-01$21.20$21.0021.5%6.5%24.0%12.2%23.0%-1.8%-0.2%79.7M-1.04B-7.7M0.241.18226,03154,9472,433,792810,856
2024-03-04$21.89$21.0023.7%6.6%25.0%28.3%24.6%-3.9%-0.3%100.0M-1.58B-7.9M0.181.57286,39651,6002,422,045801,516
2024-03-05$21.66$21.0022.1%6.4%24.7%16.7%22.8%-2.9%-0.4%103.2M-1.41B-7.9M0.171.59224,83538,8022,510,016813,230
2024-03-06$22.09$21.0023.5%6.6%25.5%26.6%24.0%-3.5%-0.2%109.9M-1.78B-8.1M0.221.68307,62867,4512,525,401828,413
2024-03-07$22.27$21.0024.5%6.6%25.1%33.5%24.9%-4.6%-0.1%119.3M-1.92B-8.4M0.511.74207,687106,2872,625,513855,218
2024-03-08$22.20$21.0023.2%6.5%24.8%24.3%24.7%-3.7%-0.2%102.2M-1.84B-8.3M0.231.70247,50457,7722,680,334932,604
2024-03-11$22.37$21.0024.2%6.6%24.8%31.7%24.9%-3.9%-1.2%103.8M-1.90B-8.2M0.581.70153,58089,0292,621,517912,359
2024-03-12$22.05$21.0021.6%6.1%25.6%13.0%23.6%-2.8%-0.2%101.3M-1.57B-8.1M0.581.26119,38969,2222,681,587969,436
2024-03-13$22.81$21.0023.8%6.7%25.1%28.5%23.8%-4.3%-0.3%107.0M-2.32B-8.2M0.221.09313,09669,5102,704,5281,014,992
2024-03-14$22.71$21.0022.1%6.5%25.3%16.9%23.4%-3.4%0.6%109.3M-2.26B-8.4M0.411.03124,27751,0202,784,3561,057,392
2024-03-15$23.06$21.0023.2%6.6%24.5%24.8%23.4%-4.4%-0.0%111.1M-2.59B-8.4M0.481.15300,996143,7552,795,3121,083,019
2024-03-18$22.91$21.0023.4%6.7%24.0%26.0%24.3%-4.7%-0.2%80.4M-1.79B-8.5M0.342.01131,40844,9922,276,466911,177
2024-03-19$22.77$21.0023.1%6.6%23.1%23.9%24.6%-4.1%-0.3%79.7M-1.67B-8.4M0.222.10104,60523,4562,347,719935,243
2024-03-20$23.30$21.0023.8%6.8%23.8%28.8%25.8%-4.2%-0.4%83.3M-2.10B-8.6M0.151.55434,86966,9072,413,959942,906
2024-03-21$22.63$21.0022.1%6.3%26.5%16.7%23.8%-3.4%-0.3%70.7M-1.59B-8.6M0.861.49188,962162,3622,467,428951,723
2024-03-22$22.57$21.0020.8%6.0%26.6%7.3%21.8%-2.6%-0.1%47.4M-1.41B-8.5M0.381.49107,13340,6002,497,5131,049,300
2024-03-25$22.57$21.0020.8%6.0%25.6%7.7%22.0%-3.0%0.5%30.0M-1.37B-8.4M0.751.3962,60747,1452,428,8281,009,040
2024-03-26$22.34$21.0021.4%6.1%25.9%11.7%22.1%-3.3%0.4%21.7M-1.17B-8.3M0.321.3686,94727,8712,448,3461,039,590
2024-03-27$22.48$21.0021.6%6.2%25.9%13.3%22.7%-3.2%0.3%55.6M-1.35B-8.4M0.261.4191,43723,5022,460,9911,044,162
2024-03-28$22.74$21.0023.6%6.9%25.9%27.5%25.9%-4.3%0.4%64.9M-1.71B-8.7M0.101.69547,87956,6592,493,182955,247