SLV Options History — August 2024

In August 2024, SLV traded between $24.44 and $27.41. ATM implied volatility averaged 31.5%, placing in the 58.3% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 0.7% (HV 20d: 30.9%). Max pain ranged from $25.00 to $27.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.27.

Notable Days

2024-08-15: Highest Volume — 416,065 contracts
2024-08-05: Largest IV spike — 19.4% change
2024-08-05: Highest IV Rank — 79.1%
2024-08-05: Largest Expected Move — 9.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.05	$24.44	$27.41	$25.98	$26.30
Max Pain	$25.30	$25.00	$27.00	$27.00	$25.50
ATM IV	31.5%	28.4%	35.7%	29.7%	28.4%
Expected Move	9.1%	8.5%	9.9%	9.1%	8.5%
HV 20d	30.9%	27.8%	32.2%	29.6%	31.5%
HV 60d	36.6%	33.8%	39.4%	38.2%	33.9%
IV Rank	58.3%	42.8%	79.1%	49.3%	42.8%
IV Percentile	86.3%	66.3%	98.8%	82.5%	66.3%
Term Structure	-0.3%	-1.5%	1.5%	-0.5%	1.5%
VWIV	33.3%	29.6%	36.0%	33.7%	30.9%
Skew 25d	-4.7%	-6.0%	-3.2%	-5.3%	-3.9%
Skew 10d	-9.4%	-11.8%	-6.6%	-10.7%	-6.6%
Call IV 25d	35.2%	31.1%	38.9%	33.6%	31.1%
Put IV 25d	30.4%	27.3%	35.0%	28.3%	27.3%
Bid-Ask Spread %	2.96	1.55	6.61	6.61	1.64
Gamma HHI	0.09	0.07	0.19	0.08	0.08
Net GEX	116.9M	63.6M	213.0M	89.5M	120.1M
Net DEX	-2.52B	-3.75B	-1.07B	-2.06B	-2.58B
Net VEX	-18.2M	-19.5M	-16.8M	-17.6M	-17.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.27	0.13	0.55	0.24	0.21
Total Volume	273,949.864	132,349	416,065	239,192	234,003
Total OI	5,123,912.136	4,877,066	5,364,187	4,893,677	5,249,291

Daily Data (22 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
2024-08-01	$25.98	$27.00	29.7%	9.1%	29.6%	49.3%	33.7%	-5.3%	-0.5%	89.5M	-2.06B	-17.6M	0.24	6.61	193,489	45,703	3,757,410	1,136,267
2024-08-02	$26.02	$26.50	29.9%	9.0%	27.8%	50.4%	33.7%	-5.6%	-0.4%	104.2M	-2.11B	-18.0M	0.28	2.50	252,283	71,337	3,818,374	1,148,480
2024-08-05	$24.84	$25.00	35.7%	9.9%	31.3%	79.1%	36.0%	-4.0%	-0.3%	73.7M	-1.43B	-17.5M	0.36	4.55	264,135	96,344	3,769,891	1,107,175
2024-08-06	$24.68	$25.00	32.5%	9.2%	31.3%	63.0%	33.0%	-4.0%	-0.2%	70.9M	-1.28B	-17.1M	0.55	3.36	151,511	83,975	3,865,607	1,144,710
2024-08-07	$24.44	$25.00	31.6%	8.8%	31.2%	58.7%	34.1%	-3.2%	-0.0%	63.6M	-1.07B	-16.8M	0.39	2.05	204,326	79,509	3,906,697	1,182,257
2024-08-08	$25.04	$25.00	31.1%	8.9%	31.4%	56.3%	32.9%	-3.8%	0.1%	82.9M	-1.59B	-17.8M	0.36	2.47	199,978	71,267	3,930,618	1,201,425
2024-08-09	$25.04	$25.00	30.3%	8.7%	30.9%	52.2%	31.9%	-4.0%	0.1%	76.7M	-1.65B	-17.5M	0.25	2.44	172,564	43,456	3,994,377	1,205,757
2024-08-12	$25.52	$25.00	32.4%	9.4%	32.2%	62.7%	35.4%	-4.9%	0.6%	95.1M	-2.03B	-18.0M	0.20	2.19	214,830	41,912	3,949,992	1,211,136
2024-08-13	$25.38	$25.00	32.4%	9.0%	30.8%	62.5%	33.6%	-4.6%	-0.7%	95.7M	-1.96B	-18.0M	0.42	2.07	116,627	49,063	4,035,247	1,227,499
2024-08-14	$25.12	$25.00	31.2%	8.9%	29.2%	56.8%	32.9%	-5.4%	-0.3%	84.7M	-1.73B	-17.6M	0.18	3.88	296,759	53,355	4,084,805	1,249,558
2024-08-15	$25.84	$25.00	31.4%	9.0%	30.9%	57.8%	33.6%	-5.4%	-0.1%	122.5M	-2.42B	-18.3M	0.22	2.59	341,531	74,534	4,127,643	1,222,931
2024-08-16	$26.39	$25.00	33.4%	9.6%	31.5%	67.8%	34.8%	-6.0%	0.1%	132.0M	-3.01B	-19.0M	0.18	4.30	309,979	56,205	4,136,417	1,227,770
2024-08-19	$26.71	$25.00	32.5%	9.3%	31.8%	63.4%	34.8%	-5.3%	-0.4%	144.1M	-3.29B	-19.1M	0.26	5.18	241,452	62,567	3,796,195	1,138,714
2024-08-20	$26.88	$25.00	32.3%	9.3%	31.9%	62.0%	33.7%	-5.1%	-0.2%	152.2M	-3.44B	-19.1M	0.23	4.46	259,528	60,328	3,844,071	1,172,524
2024-08-21	$27.02	$25.00	32.1%	9.2%	31.8%	61.4%	33.7%	-5.2%	-0.5%	213.0M	-3.57B	-19.1M	0.29	3.86	216,380	62,332	3,839,520	1,199,024
2024-08-22	$26.38	$25.00	32.1%	9.2%	29.3%	61.3%	33.2%	-4.9%	-0.4%	130.8M	-2.87B	-18.9M	0.29	1.82	242,735	71,484	3,890,922	1,216,242
2024-08-23	$27.20	$25.50	31.2%	9.0%	31.0%	56.7%	32.7%	-4.4%	-0.2%	145.5M	-3.72B	-19.5M	0.13	2.13	302,419	40,514	3,963,144	1,245,429
2024-08-26	$27.37	$25.50	32.3%	9.3%	31.0%	62.1%	33.4%	-4.8%	-1.5%	152.3M	-3.71B	-19.2M	0.27	1.55	137,142	37,405	3,884,383	1,208,084
2024-08-27	$27.41	$25.50	31.7%	9.1%	30.6%	59.2%	33.1%	-5.4%	-1.5%	156.1M	-3.75B	-19.0M	0.31	1.90	101,330	31,019	3,909,309	1,226,414
2024-08-28	$26.71	$25.50	29.8%	8.6%	31.3%	49.6%	32.1%	-4.3%	-0.1%	128.5M	-2.97B	-18.0M	0.20	1.82	188,576	37,569	3,908,729	1,232,518
2024-08-29	$26.84	$25.50	29.6%	8.6%	30.5%	48.6%	29.6%	-4.2%	-0.7%	138.1M	-3.09B	-18.0M	0.15	1.78	187,460	27,982	3,925,680	1,233,831
2024-08-30	$26.30	$25.50	28.4%	8.5%	31.5%	42.8%	30.9%	-3.9%	1.5%	120.1M	-2.58B	-17.6M	0.21	1.64	193,604	40,399	4,008,427	1,240,864