SLV Options History — March 2026

In March 2026, SLV traded between $61.00 and $82.07. ATM implied volatility averaged 68.9%, placing in the 53.0% IV rank vs the trailing year. The 30-day expected move averaged 19.2%. IV traded below realized volatility by 3.3% (HV 20d: 72.1%). Max pain ranged from $60.00 to $68.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.65.

Notable Days

2026-03-02: Highest Volume — 1,297,563 contracts
2026-03-20: Largest IV spike — 11.2% change
2026-03-03: Highest IV Rank — 68.3%
2026-03-03: Largest Expected Move — 25.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$70.68	$61.00	$82.07	$82.07	$68.07
Max Pain	$66.61	$60.00	$68.00	$60.00	$66.50
ATM IV	68.9%	56.4%	82.5%	81.3%	68.0%
Expected Move	19.2%	4.7%	25.0%	23.8%	19.5%
HV 20d	72.1%	57.0%	103.9%	98.5%	58.3%
HV 60d	106.2%	104.3%	107.7%	104.3%	105.7%
IV Rank	53.0%	39.0%	68.3%	67.0%	52.1%
IV Percentile	84.7%	78.2%	94.0%	94.0%	82.1%
Term Structure	-0.4%	-1.9%	0.9%	0.9%	-0.2%
VWIV	71.9%	58.3%	90.2%	86.0%	70.2%
Skew 25d	-0.3%	-8.9%	4.8%	-8.9%	1.0%
Skew 10d	-1.1%	-17.1%	8.5%	-17.1%	1.2%
Call IV 25d	71.3%	57.8%	88.1%	88.1%	70.1%
Put IV 25d	70.9%	58.7%	82.5%	79.2%	71.0%
Bid-Ask Spread %	5.28	3.44	7.63	4.48	4.87
Gamma HHI	0.03	0.02	0.09	0.03	0.03
Net GEX	125.9M	13.2M	236.2M	226.4M	137.6M
Net DEX	-13.07B	-27.05B	-2.55B	-27.05B	-9.13B
Net VEX	-93.1M	-113.3M	-77.1M	-113.3M	-86.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.65	0.43	0.85	0.56	0.43
Total Volume	754,847.682	429,900	1,297,563	1,297,563	788,980
Total OI	10,827,095.818	9,204,828	11,780,784	11,409,716	9,401,991

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
2026-03-02	$82.07	$60.00	81.3%	23.8%	98.5%	67.0%	86.0%	-8.9%	0.9%	226.4M	-27.05B	-113.3M	0.56	4.48	831,598	465,965	7,050,085	4,359,631
2026-03-03	$74.93	$60.00	82.5%	25.0%	103.9%	68.3%	90.2%	-5.5%	-1.9%	163.0M	-18.95B	-109.4M	0.58	5.28	640,378	371,506	7,144,123	4,389,143
2026-03-04	$75.50	$60.00	76.3%	22.7%	101.6%	61.4%	82.2%	-3.9%	-1.1%	182.1M	-19.24B	-108.2M	0.62	4.82	471,518	291,076	7,228,880	4,489,732
2026-03-05	$74.19	$68.00	74.7%	20.9%	101.4%	59.6%	76.1%	-2.6%	-1.5%	150.9M	-17.37B	-105.6M	0.76	4.53	354,600	269,470	7,185,499	4,490,158
2026-03-06	$76.06	$68.00	73.1%	20.7%	82.6%	57.8%	75.4%	-3.7%	-0.5%	189.4M	-19.66B	-106.4M	0.57	4.92	427,005	243,951	7,233,564	4,547,220
2026-03-09	$78.08	$68.00	71.3%	20.3%	81.9%	55.7%	73.9%	-6.0%	0.1%	214.8M	-21.93B	-104.1M	0.58	4.55	410,814	238,935	7,044,947	4,453,549
2026-03-10	$79.82	$68.00	71.2%	20.5%	77.0%	55.6%	73.7%	-4.4%	0.3%	236.2M	-23.68B	-104.0M	0.53	4.50	431,246	228,550	6,970,395	4,420,086
2026-03-11	$77.74	$68.00	67.2%	19.3%	76.6%	51.1%	69.9%	-3.1%	-0.0%	193.0M	-21.06B	-101.7M	0.60	3.44	355,426	212,132	7,052,002	4,485,957
2026-03-12	$76.68	$68.00	66.4%	18.8%	75.5%	50.2%	68.9%	-0.4%	0.6%	175.1M	-19.60B	-100.6M	0.83	4.25	234,330	195,570	7,046,179	4,484,062
2026-03-13	$72.67	$68.00	66.1%	4.7%	64.9%	49.9%	69.0%	2.7%	0.3%	89.2M	-14.33B	-94.8M	0.82	4.23	565,338	461,709	7,004,629	4,507,767
2026-03-16	$73.15	$68.00	62.8%	18.0%	64.4%	46.1%	64.7%	0.1%	0.1%	118.5M	-15.10B	-92.0M	0.66	4.49	416,964	273,668	6,869,510	4,481,844
2026-03-17	$71.69	$68.00	58.0%	16.7%	62.3%	40.8%	60.5%	0.4%	0.2%	89.1M	-13.50B	-89.1M	0.67	3.81	326,292	218,985	6,907,967	4,481,132
2026-03-18	$68.93	$68.00	56.4%	16.2%	61.6%	39.0%	58.3%	0.9%	-0.1%	49.6M	-10.21B	-84.3M	0.72	5.89	443,732	321,371	6,958,742	4,515,454
2026-03-19	$65.33	$68.00	59.0%	16.9%	64.0%	41.8%	60.9%	2.6%	-0.6%	33.6M	-6.44B	-80.3M	0.85	5.66	673,930	569,521	6,940,915	4,514,564
2026-03-20	$61.61	$68.00	65.5%	18.8%	60.5%	49.2%	67.0%	4.8%	-1.7%	13.2M	-4.13B	-77.1M	0.85	6.90	599,423	512,278	7,095,735	4,448,235
2026-03-23	$62.93	$68.00	69.3%	20.0%	57.0%	53.5%	72.5%	2.7%	-1.2%	60.1M	-3.82B	-81.2M	0.70	6.96	451,195	315,477	5,699,478	3,505,350
2026-03-24	$62.93	$68.00	68.0%	19.5%	57.2%	52.0%	72.8%	2.5%	-1.2%	73.9M	-4.08B	-81.4M	0.53	5.16	304,045	162,359	5,769,343	3,486,558
2026-03-25	$65.05	$67.00	64.7%	18.5%	58.3%	48.3%	66.4%	1.7%	-0.4%	151.0M	-5.97B	-84.1M	0.53	6.85	370,672	197,083	5,860,831	3,507,987
2026-03-26	$61.00	$67.00	69.4%	19.9%	61.2%	53.5%	73.0%	4.7%	-0.8%	54.1M	-2.55B	-78.4M	0.75	6.90	313,386	234,247	5,842,398	3,511,626
2026-03-27	$63.16	$66.50	72.4%	20.8%	58.9%	56.9%	77.4%	4.7%	-0.6%	84.8M	-4.83B	-83.7M	0.58	7.63	517,128	301,152	5,909,884	3,535,948
2026-03-30	$63.44	$66.50	71.3%	20.5%	58.8%	55.8%	73.0%	2.7%	-0.2%	83.4M	-4.99B	-81.6M	0.60	5.95	370,025	223,619	5,868,948	3,494,060
2026-03-31	$68.07	$66.50	68.0%	19.5%	58.3%	52.1%	70.2%	1.0%	-0.2%	137.6M	-9.13B	-86.2M	0.43	4.87	552,891	236,089	5,895,028	3,506,963