SLV Options History — May 2024

In May 2024, SLV traded between $24.19 and $29.29. ATM implied volatility averaged 31.3%, placing in the 66.6% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded below realized volatility by 3.0% (HV 20d: 34.3%). Max pain ranged from $23.00 to $24.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.32.

Notable Days

  • 2024-05-17: Highest Volume — 798,977 contracts
  • 2024-05-28: Largest IV spike — 14.9% change
  • 2024-05-17: Highest IV Rank — 100.0%
  • 2024-05-20: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.86$24.19$29.29$24.36$27.70
Max Pain$23.45$23.00$24.00$24.00$24.00
ATM IV31.3%25.7%39.9%26.9%31.1%
Expected Move9.0%7.3%11.3%8.3%9.2%
HV 20d34.3%28.8%43.0%30.0%43.0%
HV 60d30.1%27.8%34.2%27.8%34.2%
IV Rank66.6%39.8%100.0%48.0%56.3%
IV Percentile92.0%73.4%100.0%81.0%92.9%
Term Structure-0.4%-1.2%0.7%-0.2%-0.7%
VWIV33.0%26.1%41.3%29.6%34.9%
Skew 25d-6.0%-8.9%-4.0%-4.0%-5.8%
Skew 10d-11.6%-17.3%-8.1%-8.1%-9.2%
Call IV 25d35.5%28.7%45.8%29.9%35.7%
Put IV 25d29.5%24.4%36.8%26.0%30.0%
Bid-Ask Spread %1.881.483.662.881.55
Gamma HHI0.100.090.140.090.09
Net GEX128.1M74.7M160.0M74.7M111.1M
Net DEX-3.99B-6.19B-1.84B-1.88B-3.96B
Net VEX-17.6M-19.3M-15.4M-15.4M-17.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.130.600.280.42
Total Volume368,506.773162,204798,977238,977389,040
Total OI5,063,997.54,660,0395,388,0914,660,0395,289,049

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$24.36$24.0026.9%8.3%30.0%48.0%29.6%-4.0%-0.2%74.7M-1.88B-15.4M0.282.88187,38151,5963,454,3051,205,734
2024-05-02$24.36$24.0027.3%8.3%29.8%50.5%30.9%-4.0%-0.1%78.9M-1.96B-15.6M0.291.74157,06644,9543,481,3141,182,011
2024-05-03$24.19$24.0025.8%7.7%28.8%40.9%28.8%-4.3%0.2%75.4M-1.84B-15.6M0.311.48131,46840,3943,541,2001,202,826
2024-05-06$25.07$23.0027.2%7.7%31.2%50.3%27.9%-4.9%0.1%108.8M-2.68B-16.2M0.271.61231,78362,0333,499,6861,161,439
2024-05-07$24.89$23.0026.0%7.4%31.0%42.2%26.8%-4.0%0.3%110.1M-2.54B-15.9M0.331.62124,47541,1663,593,7151,201,635
2024-05-08$24.98$23.0025.7%7.3%30.9%39.8%26.1%-4.2%0.5%129.2M-2.64B-16.1M0.561.51104,79159,0863,650,4661,228,878
2024-05-09$25.84$23.0029.0%8.2%32.4%62.3%29.3%-4.9%0.5%133.1M-3.50B-17.0M0.271.78245,50866,2923,669,1831,234,806
2024-05-10$25.77$23.0028.8%8.2%32.1%60.9%30.6%-5.3%0.7%131.9M-3.44B-17.5M0.131.57329,62843,9973,779,2951,301,168
2024-05-13$25.82$23.0029.9%8.4%30.6%68.6%30.2%-6.0%-0.8%129.6M-3.45B-17.6M0.171.56138,82923,3753,887,3901,258,303
2024-05-14$26.13$23.0031.5%8.7%30.1%79.3%34.7%-7.8%-1.0%138.0M-3.82B-18.1M0.321.69302,28395,6143,921,3761,265,771
2024-05-15$27.18$23.0033.0%9.1%33.1%88.9%33.8%-7.5%-1.0%156.8M-4.83B-18.5M0.281.70422,719116,8563,974,4361,287,985
2024-05-16$27.05$23.0031.5%8.8%33.2%79.3%32.5%-7.0%-1.0%148.1M-4.58B-18.1M0.322.06128,95241,4963,976,2581,349,315
2024-05-17$28.73$23.0035.9%10.2%38.8%100.0%35.8%-8.8%-0.2%152.8M-6.19B-18.8M0.271.84627,957171,0204,001,1071,360,373
2024-05-20$29.18$23.0039.9%11.3%32.7%100.0%41.3%-8.9%-1.2%148.4M-5.83B-19.0M0.421.94528,193221,8363,664,7121,256,287
2024-05-21$29.29$23.0038.8%11.1%32.6%94.5%39.1%-8.0%-0.7%148.8M-5.84B-19.3M0.441.78309,533137,1733,755,3021,353,558
2024-05-22$28.16$24.0034.2%9.8%36.5%71.8%35.3%-6.9%-0.7%134.8M-4.77B-19.0M0.181.79577,124105,8333,823,4421,418,717
2024-05-23$27.48$24.0031.2%9.0%38.1%56.6%33.5%-5.0%-0.7%135.9M-4.06B-18.6M0.203.66546,769107,2563,975,1711,412,920
2024-05-24$27.73$24.0030.8%8.9%37.8%54.5%33.2%-5.2%-0.4%119.1M-4.14B-18.1M0.601.53116,13870,2183,809,4381,441,951
2024-05-28$29.29$24.0035.3%10.4%41.5%77.2%36.4%-6.0%-0.8%160.0M-5.59B-18.1M0.282.00371,051103,9593,752,2211,347,708
2024-05-29$29.21$24.0034.7%10.2%39.3%74.1%37.3%-6.4%-0.9%158.3M-5.54B-18.2M0.332.01225,83275,5313,807,0101,398,698
2024-05-30$28.41$24.0033.7%9.9%41.5%69.3%37.0%-6.3%-0.8%133.6M-4.68B-18.2M0.261.97183,02547,9193,807,9301,423,856
2024-05-31$27.70$24.0031.1%9.2%43.0%56.3%34.9%-5.8%-0.7%111.1M-3.96B-17.7M0.421.55273,570115,4703,854,6311,434,418