SLYG Options History — May 2023

In May 2023, SLYG traded between $69.70 and $72.94. ATM implied volatility averaged 22.0%, placing in the 10.7% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 4.3% (HV 20d: 17.8%). Max pain ranged from $73.00 to $76.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.25.

Notable Days

  • 2023-05-24: Highest Volume — 9 contracts
  • 2023-05-10: Largest IV drop — 24.8% change
  • 2023-05-09: Highest IV Rank — 26.7%
  • 2023-05-04: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$71.53$69.70$72.94$71.47$71.54
Max Pain$75.00$73.00$76.00$74.00$73.00
ATM IV22.0%17.5%30.4%20.3%21.2%
Expected Move6.4%5.0%7.9%5.8%6.1%
HV 20d17.8%15.3%19.8%17.1%17.3%
HV 60d20.3%19.7%20.6%19.7%20.3%
IV Rank10.7%1.9%26.7%7.4%9.1%
IV Percentile13.6%0.8%53.6%4.8%10.3%
Term Structure-1.2%-8.3%6.6%-1.1%-4.8%
VWIV18.8%14.7%23.5%14.7%23.5%
Skew 25d3.3%-6.9%15.2%-3.0%-1.2%
Skew 10d1.0%-8.8%13.9%-1.9%1.9%
Call IV 25d18.6%13.3%25.7%21.8%22.1%
Put IV 25d21.9%10.8%29.2%18.8%20.8%
Bid-Ask Spread %124.45109.44137.19119.11132.51
Gamma HHI0.310.220.580.230.28
Net GEX3.1K1.3K6.9K1.8K6.6K
Net DEX-27.2K-62.4K-7.7K-11.7K-49.3K
Net VEX-220-411-100-115-352
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.250.001.250.000.00
Total Volume0.9550900
Total OI22.13613511351

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$71.47$74.0020.3%5.8%17.1%7.4%0.0%-3.0%-1.1%1.8K-11.7K-1150.00119.11N/AN/A00121
2023-05-02$70.33$74.0023.5%6.7%17.7%13.5%0.0%-0.4%-7.1%1.8K-8.9K-1050.00121.55N/AN/A00121
2023-05-03$70.53$74.0022.8%6.5%15.3%12.1%0.0%0.7%-1.6%1.8K-9.9K-1090.00123.37N/AN/A00121
2023-05-04$69.70$0.0019.1%7.9%15.8%5.0%0.0%2.1%-0.8%1.5K-7.7K-1000.00110.21N/AN/A00121
2023-05-05$71.48$0.0022.5%7.0%18.4%11.7%0.0%1.7%-0.7%1.9K-14.0K-1190.00109.44N/AN/A00121
2023-05-08$71.21$0.0027.3%7.2%17.8%20.8%0.0%8.2%-6.9%1.9K-12.2K-1110.00119.88N/AN/A00121
2023-05-09$70.81$0.0030.4%7.3%17.6%26.7%0.0%-2.8%-1.5%1.8K-12.6K-1130.00119.22N/AN/A60121
2023-05-10$71.25$0.0022.8%6.5%17.7%12.2%0.0%7.3%1.8%3.0K-30.1K-2310.00123.63N/AN/A00181
2023-05-11$70.61$0.0025.9%7.4%17.5%18.1%0.0%15.2%-0.5%2.5K-27.2K-2250.00114.32N/AN/A00181
2023-05-12$70.40$0.0023.8%6.8%17.2%14.1%0.0%13.1%1.1%2.6K-26.2K-2160.00128.06N/AN/A00181
2023-05-15$71.31$0.0020.0%5.7%17.8%6.8%0.0%1.4%0.6%2.9K-27.6K-2220.00131.72N/AN/A00181
2023-05-16$70.73$0.0019.1%5.5%17.9%5.0%0.0%6.1%-3.7%2.9K-21.1K-1890.00132.24N/AN/A00181
2023-05-17$72.13$0.0020.3%5.8%19.4%7.4%14.7%7.3%6.6%2.8K-31.3K-2250.00125.39N/AN/A30181
2023-05-18$72.69$76.0018.4%5.3%19.5%3.7%0.0%-6.9%2.1%4.5K-38.1K-2430.00127.25N/AN/A10211
2023-05-19$72.35$76.0019.5%5.6%19.6%5.8%0.0%-0.8%-7.0%4.3K-39.7K-2500.00131.88N/AN/A00221
2023-05-22$72.94$76.0018.7%5.4%19.8%4.2%0.0%3.1%1.9%4.8K-45.4K-2430.00131.61N/AN/A00170
2023-05-23$72.89$76.0017.5%5.0%17.6%1.9%0.0%-4.9%1.9%4.9K-47.7K-2440.00126.88N/AN/A00170
2023-05-24$71.94$76.0020.9%6.0%17.7%8.6%18.2%7.2%3.0%4.1K-43.1K-2351.25124.00N/AN/A45170
2023-05-25$72.01$76.0022.5%6.4%17.0%11.6%0.0%9.5%-0.7%1.3K-18.2K-3820.00125.33N/AN/A002121
2023-05-26$72.92$76.0021.5%6.2%17.4%9.6%23.5%8.5%-1.2%2.1K-14.7K-4110.00123.08N/AN/A202121
2023-05-30$72.49$73.0026.6%7.6%17.6%19.5%0.0%0.8%-8.3%6.9K-62.4K-3950.00137.19N/AN/A003021
2023-05-31$71.54$73.0021.2%6.1%17.3%9.1%0.0%-1.2%-4.8%6.6K-49.3K-3520.00132.51N/AN/A003021