SLV Options History — September 2024

In September 2024, SLV traded between $25.48 and $29.41. ATM implied volatility averaged 31.1%, placing in the 56.5% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded below realized volatility by 1.6% (HV 20d: 32.8%). Max pain ranged from $25.00 to $26.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.29.

Notable Days

  • 2024-09-13: Highest Volume — 850,260 contracts
  • 2024-09-24: Largest IV spike — 10.8% change
  • 2024-09-26: Highest IV Rank — 81.1%
  • 2024-09-26: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.44$25.48$29.41$25.56$28.39
Max Pain$25.93$25.00$26.00$25.50$26.00
ATM IV31.1%28.2%36.1%29.2%33.5%
Expected Move8.9%8.0%10.5%8.6%9.6%
HV 20d32.8%28.3%37.9%28.5%36.7%
HV 60d31.4%30.2%33.3%33.3%32.2%
IV Rank56.5%41.6%81.1%46.9%67.9%
IV Percentile80.3%61.9%99.2%71.8%93.3%
Term Structure-0.1%-0.5%1.7%-0.3%1.7%
VWIV32.5%30.0%37.0%31.9%34.5%
Skew 25d-3.3%-4.3%-2.2%-4.1%-3.4%
Skew 10d-6.1%-8.3%-3.6%-7.4%-5.5%
Call IV 25d33.6%30.1%38.9%32.4%35.9%
Put IV 25d30.3%27.9%34.6%28.3%32.5%
Bid-Ask Spread %1.761.122.871.211.74
Gamma HHI0.100.080.150.080.12
Net GEX149.8M89.2M219.2M98.9M145.9M
Net DEX-3.50B-5.09B-1.78B-1.90B-3.91B
Net VEX-18.3M-21.3M-16.2M-16.5M-19.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.160.500.340.42
Total Volume373,914.1136,680850,260259,445305,642
Total OI5,460,841.755,065,2275,894,1955,191,3195,396,866

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-09-03$25.56$25.5029.2%8.6%28.5%46.9%31.9%-4.1%-0.3%98.9M-1.90B-16.5M0.341.21194,18265,2633,968,8321,222,487
2024-09-04$25.69$25.0029.0%8.5%28.3%45.9%31.5%-4.0%-0.1%107.6M-2.04B-16.7M0.311.52103,96232,7184,043,6341,237,584
2024-09-05$26.24$26.0029.1%8.3%28.8%46.5%31.4%-4.1%-0.0%125.3M-2.60B-17.3M0.322.14199,09663,2244,048,9641,237,579
2024-09-06$25.48$26.0028.7%8.0%29.9%44.3%30.2%-3.0%0.1%89.2M-1.78B-16.3M0.321.65275,25786,8724,103,5811,260,339
2024-09-09$25.84$26.0028.9%8.2%30.3%45.6%30.6%-2.4%-0.2%103.5M-2.10B-16.4M0.241.91156,04336,8454,061,1061,270,104
2024-09-10$25.91$26.0028.9%8.2%29.6%45.2%30.0%-2.3%-0.4%102.6M-2.15B-16.5M0.271.92117,45531,2164,057,1901,269,914
2024-09-11$26.07$26.0028.2%8.0%29.5%41.6%30.4%-2.2%-0.2%106.3M-2.30B-16.2M0.301.12139,03142,3054,067,5271,279,530
2024-09-12$27.24$26.0030.2%8.6%32.8%51.7%30.9%-2.9%-0.5%154.8M-3.56B-17.6M0.251.36335,99183,3304,095,8881,281,420
2024-09-13$27.98$26.0031.4%9.0%32.7%58.0%33.1%-3.6%-0.3%202.5M-4.37B-18.3M0.171.72728,939121,3214,210,5181,320,684
2024-09-16$28.06$26.0031.6%9.0%32.0%58.8%33.3%-3.0%-0.3%181.4M-4.31B-19.0M0.271.97279,09973,9794,390,8391,323,152
2024-09-17$27.93$26.0031.8%9.1%31.9%59.6%32.5%-3.4%-0.0%176.6M-4.14B-19.0M0.271.88185,37850,4964,445,0271,343,204
2024-09-18$27.24$26.0030.3%8.7%33.3%52.1%31.5%-3.1%-0.3%146.3M-3.30B-18.3M0.502.87372,901184,6084,449,2831,360,306
2024-09-19$28.12$26.0030.6%8.8%35.1%53.9%31.3%-3.3%-0.4%190.8M-4.24B-18.7M0.301.86270,76182,2604,501,2821,355,037
2024-09-20$28.46$26.0030.1%8.6%33.9%51.2%31.6%-2.5%0.1%219.2M-4.57B-18.7M0.451.59289,323129,7004,502,0221,392,173
2024-09-23$27.96$26.0031.3%9.1%33.1%57.3%31.8%-3.4%-0.1%107.7M-3.40B-18.4M0.261.94269,11568,6113,884,4051,180,822
2024-09-24$29.41$26.0034.7%10.1%37.4%74.1%35.4%-4.2%-0.2%173.6M-4.89B-20.2M0.161.54679,019110,0773,972,9321,175,874
2024-09-25$29.04$26.0035.4%10.3%37.9%77.4%36.5%-4.2%-0.2%200.8M-4.78B-20.8M0.201.88384,03477,4064,208,2091,211,382
2024-09-26$29.29$26.0036.1%10.5%36.4%81.1%37.0%-4.3%0.0%195.0M-5.09B-21.3M0.181.65282,96650,2644,297,8291,225,351
2024-09-27$28.82$26.0033.9%9.7%37.1%69.9%34.5%-2.7%0.3%167.3M-4.50B-20.6M0.191.77435,06984,5244,313,2741,250,685
2024-09-30$28.39$26.0033.5%9.6%36.7%67.9%34.5%-3.4%1.7%145.9M-3.91B-19.8M0.421.74214,51391,1294,163,6851,233,181