SLV Options History — November 2024

In November 2024, SLV traded between $27.43 and $29.70. ATM implied volatility averaged 29.1%, placing in the 46.5% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded below realized volatility by 4.6% (HV 20d: 33.8%). Max pain ranged from $26.50 to $29.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.31.

Notable Days

  • 2024-11-06: Highest Volume — 507,627 contracts
  • 2024-11-06: Largest IV drop — 10.1% change
  • 2024-11-04: Highest IV Rank — 75.9%
  • 2024-11-01: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.31$27.43$29.70$29.51$27.91
Max Pain$28.38$26.50$29.00$26.50$28.00
ATM IV29.1%25.6%35.1%34.5%25.6%
Expected Move8.5%7.7%10.7%10.7%7.7%
HV 20d33.8%28.8%38.4%36.4%28.8%
HV 60d33.6%32.5%34.2%32.6%33.2%
IV Rank46.5%28.9%75.9%73.2%28.9%
IV Percentile54.2%32.9%90.5%86.9%32.9%
Term Structure-0.2%-0.9%1.0%-0.4%-0.3%
VWIV30.4%27.1%37.7%37.7%27.1%
Skew 25d-2.1%-3.6%-0.7%-3.6%-0.7%
Skew 10d-4.0%-6.4%-0.9%-6.3%-0.9%
Call IV 25d30.8%26.4%37.2%37.2%26.4%
Put IV 25d28.7%25.7%34.1%33.7%25.7%
Bid-Ask Spread %1.931.602.651.831.99
Gamma HHI0.110.100.130.100.12
Net GEX115.6M52.1M187.6M187.6M115.2M
Net DEX-2.89B-4.43B-1.94B-4.26B-2.48B
Net VEX-18.1M-20.9M-16.6M-20.9M-17.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.160.590.340.17
Total Volume265,045.3150,057507,627380,198156,845
Total OI5,391,988.054,850,7415,871,5795,871,5795,064,092

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-11-01$29.51$26.5034.5%10.7%36.4%73.2%37.7%-3.6%-0.4%187.6M-4.26B-20.9M0.341.83283,82396,3754,505,5971,365,982
2024-11-04$29.63$29.0035.1%9.8%35.9%75.9%35.2%-3.1%-0.6%169.5M-4.35B-20.7M0.542.27172,61792,8924,400,7941,340,106
2024-11-05$29.70$29.0033.9%9.6%32.8%70.2%35.0%-2.9%-0.6%171.8M-4.43B-20.4M0.391.89125,58549,3194,403,0391,351,236
2024-11-06$28.37$29.0030.5%8.5%37.2%53.2%32.2%-2.4%-0.3%116.5M-2.89B-18.5M0.211.86417,99589,6324,440,6231,360,014
2024-11-07$29.12$29.0030.5%8.7%37.7%53.4%31.8%-2.4%-0.2%150.1M-3.80B-18.7M0.162.65326,27451,5704,438,3931,346,578
2024-11-08$28.54$29.0028.2%8.3%38.1%41.7%29.7%-2.5%0.1%125.1M-3.14B-18.5M0.251.79321,33780,1044,496,1771,359,242
2024-11-11$28.01$29.0027.3%7.9%38.4%37.2%28.2%-2.2%0.3%105.3M-2.62B-17.3M0.251.91246,37362,0214,304,6561,363,273
2024-11-12$28.02$29.0027.8%8.1%38.3%39.8%28.2%-2.9%0.4%110.4M-2.71B-17.7M0.321.88142,18945,7814,328,0151,355,364
2024-11-13$27.66$29.0027.5%8.1%38.3%38.2%29.6%-2.4%0.9%92.4M-2.35B-17.3M0.281.60170,12946,8994,384,0541,373,908
2024-11-14$27.77$29.0028.2%8.2%38.4%41.7%29.1%-2.2%0.5%96.7M-2.50B-17.5M0.321.75203,42465,8914,392,8111,353,694
2024-11-15$27.57$28.0027.8%8.1%31.1%39.7%28.9%-1.6%1.0%52.1M-2.42B-17.4M0.241.62230,16255,1124,482,0961,344,912
2024-11-18$28.34$28.0029.5%8.5%33.1%48.3%30.3%-1.7%-0.9%117.0M-2.81B-18.1M0.331.79198,70665,1373,704,8581,157,851
2024-11-19$28.51$28.0028.9%8.3%30.7%45.3%29.6%-1.8%-0.9%120.6M-2.92B-18.1M0.281.76123,77634,3353,717,4461,173,099
2024-11-20$28.05$28.0028.7%8.2%29.4%44.3%30.5%-1.8%-0.7%102.5M-2.52B-17.8M0.592.16113,30467,1073,732,1921,183,205
2024-11-21$28.05$28.0028.2%8.1%29.4%42.1%29.0%-1.9%-0.8%102.7M-2.49B-17.4M0.261.93118,69031,3673,736,3221,187,262
2024-11-22$28.46$28.0029.3%8.5%30.2%47.4%30.4%-2.2%-0.9%124.6M-2.87B-18.1M0.242.00229,99154,1843,724,2181,197,623
2024-11-25$27.66$28.0028.2%8.3%31.3%41.8%29.4%-1.4%-0.5%85.3M-2.09B-17.1M0.391.66212,49683,0623,655,3741,195,367
2024-11-26$27.80$28.0027.2%8.0%29.9%36.8%27.9%-0.7%-0.3%94.1M-2.26B-16.9M0.261.62150,82039,3383,719,6151,204,169
2024-11-27$27.43$28.0026.2%7.7%29.6%31.8%27.4%-1.0%-0.3%71.5M-1.94B-16.6M0.342.62184,30661,9383,780,2901,216,214
2024-11-29$27.91$28.0025.6%7.7%28.8%28.9%27.1%-0.7%-0.3%115.2M-2.48B-17.1M0.171.99133,53023,3153,839,9171,224,175