SLV Options History — June 2025

In June 2025, SLV traded between $31.34 and $33.72. ATM implied volatility averaged 26.9%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded below realized volatility by 0.7% (HV 20d: 27.6%). Max pain ranged from $27.00 to $29.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.27.

Notable Days

  • 2025-06-05: Highest Volume — 1,025,884 contracts
  • 2025-06-05: Largest IV spike — 8.6% change
  • 2025-06-09: Highest IV Rank — 46.3%
  • 2025-06-09: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.76$31.34$33.72$31.57$32.80
Max Pain$28.18$27.00$29.00$28.00$29.00
ATM IV26.9%24.0%30.4%28.9%26.1%
Expected Move7.7%6.9%8.7%8.5%7.4%
HV 20d27.6%26.2%29.0%29.0%27.6%
HV 60d32.0%31.7%32.1%31.9%32.0%
IV Rank25.2%7.7%46.3%37.0%20.0%
IV Percentile35.9%2.4%68.3%56.3%29.0%
Term Structure0.1%-0.4%0.6%-0.1%-0.2%
VWIV27.7%23.9%31.6%30.9%25.3%
Skew 25d-3.3%-4.7%-2.1%-3.3%-3.1%
Skew 10d-6.3%-8.5%-3.7%-6.6%-6.0%
Call IV 25d29.4%25.8%33.6%31.9%28.2%
Put IV 25d26.2%23.4%28.9%28.6%25.1%
Bid-Ask Spread %2.181.745.202.041.74
Gamma HHI0.080.070.090.080.07
Net GEX250.7M167.8M297.3M234.2M192.6M
Net DEX-7.55B-9.10B-5.94B-6.52B-6.51B
Net VEX-21.5M-22.2M-20.7M-21.5M-21.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.270.100.480.210.26
Total Volume431,080.65236,8101,025,884671,984236,810
Total OI6,410,078.55,767,8157,022,1995,901,9666,072,616

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-06-02$31.57$28.0028.9%8.5%29.0%37.0%30.9%-3.3%-0.1%234.2M-6.52B-21.5M0.212.04556,077115,9074,304,4541,597,512
2025-06-03$31.45$28.0028.2%8.2%28.9%33.0%29.3%-3.1%0.1%256.1M-6.51B-22.1M0.251.79246,56360,5224,485,6861,641,457
2025-06-04$31.34$28.0027.8%7.9%28.0%30.3%28.7%-3.5%-0.1%256.0M-6.45B-22.2M0.102.21317,89032,0314,573,3881,672,725
2025-06-05$32.41$27.0030.2%8.5%28.3%44.6%31.1%-4.5%-0.4%290.9M-8.06B-22.1M0.252.04821,933203,9514,634,5651,673,283
2025-06-06$32.72$27.5028.2%8.0%28.2%32.9%28.7%-3.8%-0.3%295.9M-8.36B-22.0M0.272.03398,438107,2774,814,3521,777,777
2025-06-09$33.36$27.5030.4%8.7%28.6%46.3%31.6%-4.7%-0.0%275.0M-9.04B-21.4M0.155.20747,973112,5304,684,8951,778,290
2025-06-10$33.23$27.5028.5%8.2%28.5%34.6%29.9%-3.9%-0.1%297.3M-8.94B-21.6M0.191.86448,90885,9374,948,0531,825,196
2025-06-11$32.91$27.5027.0%7.7%28.9%25.7%27.8%-4.0%-0.1%279.3M-8.25B-21.5M0.262.86398,007104,1314,899,7461,902,950
2025-06-12$33.03$28.0027.1%7.8%26.7%26.5%28.2%-3.9%0.1%289.0M-8.40B-21.5M0.262.31252,27864,6024,913,3861,933,681
2025-06-13$32.97$28.0027.2%7.9%26.7%27.1%28.8%-3.6%0.3%280.3M-8.37B-22.2M0.322.09319,488101,8415,029,2991,968,654
2025-06-16$33.03$28.0027.0%7.8%26.2%25.9%28.4%-3.4%-0.1%280.4M-8.16B-21.4M0.471.98167,31778,4614,915,2801,893,884
2025-06-17$33.72$28.0027.9%8.0%26.7%31.2%28.9%-3.8%-0.1%294.6M-9.10B-21.6M0.281.99386,524108,3444,914,5961,906,643
2025-06-18$33.31$28.0026.2%7.5%26.8%21.0%27.3%-3.0%0.2%285.0M-8.50B-21.3M0.331.88282,80494,0984,996,6611,973,379
2025-06-20$32.75$28.5024.5%7.0%27.7%10.7%25.2%-2.1%-0.1%236.6M-7.64B-21.3M0.482.08274,050130,8065,013,0032,009,196
2025-06-23$32.98$29.0025.1%7.3%26.8%14.1%26.1%-2.6%0.4%167.8M-6.37B-20.8M0.172.06207,54035,7674,148,3811,619,434
2025-06-24$32.63$29.0024.0%7.0%27.1%7.7%24.7%-2.1%0.5%188.1M-5.94B-20.8M0.311.80230,41671,1904,201,2341,584,130
2025-06-25$33.00$29.0024.7%7.1%27.0%11.7%25.1%-2.3%0.6%196.7M-6.47B-20.7M0.231.88225,99351,1134,228,1631,616,272
2025-06-26$33.34$29.0025.2%7.2%26.6%14.8%24.9%-2.6%0.6%224.2M-7.10B-21.1M0.291.94197,98756,9504,329,0611,640,481
2025-06-27$32.64$29.0024.3%6.9%28.1%9.3%23.9%-2.5%0.6%194.7M-6.24B-21.6M0.431.89201,56787,5924,405,3651,674,442
2025-06-30$32.80$29.0026.1%7.4%27.6%20.0%25.3%-3.1%-0.2%192.6M-6.51B-21.7M0.261.74188,52748,2834,402,4851,670,131