SLV Options History — July 2024

In July 2024, SLV traded between $25.41 and $28.76. ATM implied volatility averaged 28.5%, placing in the 43.3% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded below realized volatility by 4.2% (HV 20d: 32.7%). Max pain ranged from $26.00 to $27.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.32.

Notable Days

  • 2024-07-08: Highest Volume — 646,276 contracts
  • 2024-07-12: Largest IV drop — 10.1% change
  • 2024-07-11: Highest IV Rank — 58.2%
  • 2024-07-31: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.19$25.41$28.76$26.86$26.46
Max Pain$26.84$26.00$27.00$26.00$27.00
ATM IV28.5%26.2%31.5%26.5%30.3%
Expected Move8.2%7.1%9.2%7.3%9.2%
HV 20d32.7%26.8%41.5%41.0%31.9%
HV 60d38.4%37.8%39.2%38.2%38.7%
IV Rank43.3%31.9%58.2%33.5%52.0%
IV Percentile77.4%67.9%88.9%71.4%84.5%
Term Structure-0.3%-0.6%0.0%-0.3%-0.6%
VWIV30.5%25.0%34.5%26.0%32.6%
Skew 25d-4.8%-5.9%-3.2%-3.9%-5.0%
Skew 10d-9.6%-12.6%-6.7%-8.1%-9.3%
Call IV 25d32.0%29.0%35.4%29.2%33.6%
Put IV 25d27.1%25.2%29.5%25.3%28.6%
Bid-Ask Spread %1.851.185.291.455.29
Gamma HHI0.090.070.110.090.08
Net GEX97.1M58.4M140.3M85.0M97.8M
Net DEX-2.86B-4.32B-1.25B-2.49B-2.54B
Net VEX-16.6M-18.0M-15.2M-15.2M-18.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.100.640.560.28
Total Volume289,698.409150,982646,276150,982250,309
Total OI4,824,328.2734,479,0045,256,1434,614,7984,870,907

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-07-01$26.86$26.0026.5%7.3%41.0%33.5%26.0%-3.9%-0.3%85.0M-2.49B-15.2M0.561.4596,83454,1483,356,3681,258,430
2024-07-02$26.98$26.0026.2%7.1%41.0%31.9%25.0%-3.8%-0.3%91.4M-2.62B-15.2M0.641.1897,61961,9993,378,0831,268,120
2024-07-03$27.91$26.0028.5%7.8%41.1%43.4%28.1%-5.2%-0.3%118.0M-3.52B-15.7M0.241.28223,00352,8793,407,1901,291,681
2024-07-05$28.59$27.0029.8%8.4%41.5%49.9%31.4%-5.2%-0.4%127.7M-4.07B-15.9M0.281.66335,35994,2043,416,7041,305,116
2024-07-08$28.13$27.0029.3%8.3%39.5%47.2%31.2%-5.7%-0.1%114.3M-3.61B-15.7M0.153.88562,69683,5803,395,5091,256,251
2024-07-09$28.09$27.0028.6%8.2%30.7%44.0%31.9%-5.4%-0.2%118.1M-3.69B-16.7M0.331.72142,86947,5153,564,6181,279,171
2024-07-10$28.12$27.0029.1%8.3%30.0%46.3%31.5%-5.8%-0.0%117.8M-3.72B-17.1M0.491.46133,39964,7483,583,8731,295,532
2024-07-11$28.76$27.0031.5%9.0%30.0%58.2%34.5%-5.8%-0.0%140.3M-4.32B-17.6M0.321.79225,41172,4693,595,7891,318,975
2024-07-12$28.12$27.0028.3%8.1%31.2%42.4%30.6%-5.1%0.0%111.8M-3.66B-17.2M0.351.57182,33064,5303,643,4551,363,336
2024-07-15$28.02$27.0029.0%8.3%30.1%45.9%31.5%-5.7%-0.3%110.5M-3.58B-16.9M0.201.49158,72331,1783,646,9691,333,403
2024-07-16$28.59$27.0031.1%8.9%30.1%56.4%33.3%-5.9%-0.1%139.0M-4.21B-17.4M0.101.61371,57936,0043,690,9551,345,180
2024-07-17$27.66$27.0029.6%8.5%32.7%49.0%33.0%-5.5%-0.2%95.7M-3.31B-17.3M0.351.41314,886110,6863,814,3891,349,762
2024-07-18$27.16$27.0028.4%8.2%33.4%42.9%31.5%-5.4%-0.3%80.4M-2.83B-16.8M0.341.73210,98871,6413,828,5491,354,277
2024-07-19$26.70$27.0027.7%8.0%30.9%39.3%30.6%-4.3%-0.5%69.4M-2.33B-16.3M0.411.80225,52093,1823,900,4311,355,712
2024-07-22$26.63$27.0027.5%8.0%27.9%38.3%29.8%-4.9%-0.4%70.8M-2.09B-16.1M0.202.13299,27161,2843,368,3571,110,647
2024-07-23$26.66$27.0026.8%7.9%27.9%35.0%30.1%-4.9%-0.2%79.5M-2.19B-16.6M0.461.38128,43859,5173,446,3561,121,807
2024-07-24$26.48$27.0026.9%7.9%26.8%35.2%28.4%-4.0%-0.3%73.7M-2.03B-16.5M0.381.41139,60052,7433,491,9711,150,047
2024-07-25$25.41$27.0027.7%8.2%30.5%39.5%30.2%-3.8%-0.4%58.4M-1.25B-15.8M0.251.65373,05491,5373,495,4071,144,381
2024-07-26$25.43$27.0027.0%7.9%30.4%35.8%28.7%-3.2%-0.1%76.5M-1.43B-16.4M0.171.64206,90636,1313,640,6701,125,013
2024-07-29$25.45$27.0028.7%8.6%30.3%44.1%30.8%-3.9%-0.6%73.2M-1.55B-16.7M0.331.41192,53964,0093,645,2421,104,962
2024-07-30$25.86$26.5028.5%8.6%30.7%43.1%30.1%-4.1%-0.4%87.6M-1.94B-17.2M0.261.78156,98341,0653,700,1381,121,489
2024-07-31$26.46$27.0030.3%9.2%31.9%52.0%32.6%-5.0%-0.6%97.8M-2.54B-18.0M0.285.29196,23254,0773,740,2011,130,706