SLV Options History — February 2026

In February 2026, SLV traded between $66.51 and $84.84. ATM implied volatility averaged 80.1%, placing in the 65.7% IV rank vs the trailing year. The 30-day expected move averaged 23.1%. IV traded below realized volatility by 75.3% (HV 20d: 155.4%). Max pain ranged from $55.50 to $70.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.63.

Notable Days

2026-02-02: Highest Volume — 3,255,466 contracts
2026-02-23: Largest IV spike — 16.7% change
2026-02-23: Highest IV Rank — 80.1%
2026-02-03: Largest Expected Move — 29.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$74.68	$66.51	$84.84	$72.72	$84.84
Max Pain	$60.18	$55.50	$70.00	$70.00	$60.00
ATM IV	80.1%	65.1%	92.9%	79.7%	82.9%
Expected Move	23.1%	18.5%	29.2%	25.0%	23.7%
HV 20d	155.4%	142.0%	161.1%	142.8%	158.8%
HV 60d	100.3%	90.9%	104.2%	90.9%	104.0%
IV Rank	65.7%	48.7%	80.1%	65.2%	68.7%
IV Percentile	94.4%	88.5%	98.4%	97.2%	94.8%
Term Structure	-1.5%	-4.1%	-0.1%	-1.6%	-0.9%
VWIV	84.4%	68.2%	106.1%	92.7%	85.9%
Skew 25d	-8.0%	-14.7%	-0.0%	-11.2%	-9.9%
Skew 10d	-15.5%	-28.3%	-0.7%	-21.4%	-18.1%
Call IV 25d	87.3%	67.4%	104.4%	87.9%	91.5%
Put IV 25d	79.3%	67.4%	91.2%	76.7%	81.6%
Bid-Ask Spread %	4.53	3.33	7.20	7.20	3.80
Gamma HHI	0.04	0.02	0.23	0.03	0.05
Net GEX	157.1M	39.9M	355.5M	63.2M	315.5M
Net DEX	-18.85B	-31.40B	-8.37B	-14.12B	-31.40B
Net VEX	-103.1M	-116.5M	-85.1M	-97.6M	-116.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.63	0.36	0.87	0.83	0.51
Total Volume	1,459,823.053	591,046	3,255,466	3,255,466	1,356,694
Total OI	12,126,570.053	10,945,179	12,810,774	12,187,007	11,760,249

Daily Data (19 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
2026-02-02	$72.72	$70.00	79.7%	25.0%	142.8%	65.2%	92.7%	-11.2%	-1.6%	63.2M	-14.12B	-97.6M	0.83	7.20	1,774,075	1,481,391	7,125,919	5,061,088
2026-02-03	$77.32	$70.00	91.6%	29.2%	143.5%	78.6%	106.1%	-13.9%	-4.1%	124.2M	-20.88B	-106.7M	0.56	5.55	1,306,648	734,249	7,212,160	5,041,048
2026-02-04	$78.84	$70.00	89.6%	28.1%	142.0%	76.3%	102.4%	-13.2%	-2.0%	157.4M	-22.54B	-108.7M	0.70	4.73	1,095,924	761,776	7,474,108	5,202,506
2026-02-05	$67.07	$55.50	89.2%	23.8%	153.3%	75.9%	87.4%	-5.6%	-3.9%	56.8M	-9.11B	-100.1M	0.87	4.23	1,006,950	877,759	7,351,326	5,121,086
2026-02-06	$69.90	$56.00	90.1%	24.6%	153.9%	76.9%	89.4%	-6.5%	-2.8%	85.5M	-12.63B	-104.9M	0.56	3.81	905,235	509,684	7,530,524	5,280,250
2026-02-09	$75.94	$56.50	88.6%	25.0%	156.2%	75.2%	91.6%	-9.9%	-1.1%	151.9M	-20.97B	-107.5M	0.53	3.33	826,502	438,140	7,317,386	5,006,355
2026-02-10	$73.46	$56.50	76.2%	21.8%	155.0%	61.2%	77.8%	-8.5%	-0.4%	130.1M	-18.08B	-102.5M	0.66	4.09	576,978	380,739	7,334,522	4,931,472
2026-02-11	$76.41	$56.50	75.4%	21.5%	155.5%	60.3%	76.7%	-7.5%	-0.2%	178.0M	-22.01B	-103.8M	0.77	3.53	526,110	406,914	7,447,811	4,996,350
2026-02-12	$67.90	$57.00	71.6%	20.0%	158.4%	56.1%	74.1%	-4.2%	-2.2%	76.0M	-11.16B	-95.4M	0.46	5.73	1,553,700	710,589	7,423,683	4,993,311
2026-02-13	$69.68	$58.00	65.1%	18.5%	158.9%	48.7%	68.2%	-0.0%	-0.9%	68.3M	-11.75B	-91.4M	0.73	5.01	750,415	547,711	7,360,690	5,123,449
2026-02-17	$66.51	$59.50	66.3%	19.0%	159.3%	50.1%	68.2%	-0.9%	-1.0%	39.9M	-8.37B	-85.1M	0.79	4.44	702,198	554,981	7,103,458	5,010,777
2026-02-18	$69.94	$59.50	68.1%	19.5%	159.3%	52.2%	70.3%	-2.5%	-0.4%	135.6M	-13.46B	-91.3M	0.67	3.92	612,209	412,564	7,188,870	5,020,290
2026-02-19	$71.06	$59.50	68.9%	19.8%	159.6%	53.0%	71.9%	-2.6%	-0.1%	124.6M	-14.86B	-93.3M	0.65	3.41	357,426	233,620	7,247,204	4,990,858
2026-02-20	$76.15	$59.50	79.7%	22.9%	161.1%	65.1%	86.0%	-12.1%	-0.5%	211.7M	-23.25B	-103.4M	0.48	4.50	1,321,094	630,104	7,346,763	4,967,331
2026-02-23	$80.31	$59.50	92.9%	26.4%	160.5%	80.1%	97.3%	-14.7%	-1.7%	355.5M	-25.98B	-111.0M	0.36	4.97	1,421,059	513,888	6,695,035	4,250,144
2026-02-24	$79.34	$60.00	85.0%	24.2%	158.9%	71.1%	88.3%	-10.6%	-1.9%	216.5M	-24.90B	-113.2M	0.53	3.76	473,322	251,086	7,034,050	4,316,868
2026-02-25	$81.02	$60.00	82.7%	23.6%	158.8%	68.6%	86.4%	-9.6%	-1.3%	258.9M	-26.97B	-113.7M	0.66	6.02	637,145	421,320	7,139,391	4,378,432
2026-02-26	$80.47	$60.00	78.9%	22.6%	157.0%	64.3%	82.7%	-8.3%	-1.2%	235.0M	-25.68B	-113.7M	0.56	4.02	426,121	240,318	7,178,921	4,441,146
2026-02-27	$84.84	$60.00	82.9%	23.7%	158.8%	68.7%	85.9%	-9.9%	-0.9%	315.5M	-31.40B	-116.5M	0.51	3.80	895,934	460,760	7,285,945	4,474,304