SLYG Options History — March 2025

In March 2025, SLYG traded between $80.70 and $86.03. ATM implied volatility averaged 22.9%, placing in the 37.0% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 1.6% (HV 20d: 21.3%). Max pain ranged from $80.00 to $91.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.19.

Notable Days

2025-03-03: Highest Volume — 30 contracts
2025-03-10: Largest IV spike — 35.0% change
2025-03-10: Highest IV Rank — 60.4%
2025-03-11: Largest Expected Move — 9.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$83.89	$80.70	$86.03	$85.97	$83.12
Max Pain	$86.38	$80.00	$91.00	$91.00	$80.00
ATM IV	22.9%	20.2%	31.6%	22.6%	21.5%
Expected Move	6.7%	5.1%	9.2%	6.5%	6.2%
HV 20d	21.3%	16.6%	25.6%	17.6%	25.3%
HV 60d	19.0%	18.0%	20.1%	18.0%	20.0%
IV Rank	37.0%	29.4%	60.4%	35.9%	33.1%
IV Percentile	68.9%	45.6%	94.8%	72.2%	63.5%
Term Structure	-1.9%	-10.2%	0.5%	-7.4%	-0.7%
VWIV	20.5%	14.7%	26.0%	26.0%	14.7%
Skew 25d	1.8%	-10.7%	9.4%	-10.7%	2.3%
Skew 10d	0.4%	-8.9%	8.0%	-8.9%	-0.6%
Call IV 25d	18.4%	15.1%	26.4%	26.4%	19.8%
Put IV 25d	20.2%	15.7%	28.2%	15.7%	22.1%
Bid-Ask Spread %	130.40	120.00	137.63	133.86	120.00
Gamma HHI	0.38	0.13	0.46	0.13	0.37
Net GEX	6.0K	1.9K	9.3K	1.9K	4.4K
Net DEX	-26.6K	-52.8K	1.0K	1.0K	-29.4K
Net VEX	-487	-680	-211	-211	-455
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.19	0.00	1.00	0.00	0.00
Total Volume	3.762	0	30	30	0
Total OI	68.238	23	95	23	95

Daily Data (21 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-03-03	$85.97	$91.00	22.6%	6.5%	17.6%	35.9%	0.0%	-10.7%	-7.4%	1.9K	1.0K	-211	0.00	133.86	N/A	N/A	30	0	19	4
2025-03-04	$85.67	$91.00	24.7%	7.1%	17.5%	41.6%	0.0%	9.4%	-1.4%	7.2K	-42.2K	-637	0.00	133.32	N/A	N/A	0	0	49	4
2025-03-05	$86.03	$91.00	26.4%	7.6%	16.6%	46.3%	0.0%	3.8%	-0.8%	7.5K	-42.4K	-680	0.14	134.02	N/A	N/A	7	1	49	4
2025-03-06	$84.39	$91.00	26.8%	7.7%	16.8%	47.4%	26.0%	-0.6%	-1.4%	7.3K	-34.2K	-539	0.00	132.53	N/A	N/A	0	1	56	3
2025-03-07	$84.82	$91.00	23.4%	6.7%	17.3%	38.2%	0.0%	4.9%	-0.6%	7.7K	-35.6K	-579	0.00	137.02	N/A	N/A	0	0	56	3
2025-03-10	$82.70	$91.00	31.6%	9.1%	18.6%	60.4%	0.0%	0.2%	-1.9%	5.9K	-23.3K	-501	0.00	130.25	N/A	N/A	0	0	56	3
2025-03-11	$82.96	$91.00	25.4%	9.2%	18.8%	43.5%	0.0%	3.7%	-1.7%	6.0K	-23.3K	-485	0.00	132.70	N/A	N/A	0	0	56	3
2025-03-12	$82.47	$91.00	23.8%	9.0%	18.8%	39.4%	0.0%	3.1%	-1.1%	5.9K	-22.9K	-453	0.00	134.63	N/A	N/A	0	0	56	3
2025-03-13	$80.70	$91.00	23.6%	8.7%	19.6%	38.8%	0.0%	2.7%	-0.7%	3.8K	-536	-280	0.00	134.13	N/A	N/A	0	0	56	3
2025-03-14	$82.58	$91.00	21.6%	8.7%	21.3%	33.4%	0.0%	2.3%	-0.1%	5.1K	-12.1K	-389	0.00	137.63	N/A	N/A	0	0	56	3
2025-03-17	$83.93	$88.00	20.8%	5.7%	22.7%	31.2%	0.0%	3.0%	0.1%	6.1K	-17.6K	-422	1.00	127.86	N/A	N/A	1	1	56	3
2025-03-18	$82.95	$88.00	22.0%	6.0%	22.4%	34.4%	0.0%	2.4%	-1.2%	6.0K	-28.6K	-431	0.00	129.87	N/A	N/A	0	0	57	2
2025-03-19	$84.69	$88.00	20.2%	5.7%	24.2%	29.4%	20.8%	2.2%	0.5%	6.5K	-26.8K	-444	0.00	120.94	N/A	N/A	0	5	57	2
2025-03-20	$84.22	$80.00	20.5%	5.8%	24.0%	30.3%	14.7%	0.4%	-1.0%	5.4K	-24.5K	-533	0.00	127.82	N/A	N/A	30	0	57	7
2025-03-21	$83.15	$80.00	20.9%	5.5%	21.9%	31.5%	0.0%	2.5%	-1.1%	5.0K	-12.4K	-466	0.00	128.68	N/A	N/A	0	0	87	7
2025-03-24	$85.52	$80.00	20.5%	5.3%	24.6%	30.2%	0.0%	4.5%	-1.2%	9.3K	-52.8K	-646	0.00	130.80	N/A	N/A	0	0	86	6
2025-03-25	$85.23	$80.00	20.8%	5.1%	24.6%	31.0%	0.0%	1.7%	-2.6%	8.3K	-48.6K	-635	0.00	132.74	N/A	N/A	0	0	86	6
2025-03-26	$84.41	$80.00	20.2%	5.3%	24.7%	29.6%	0.0%	-0.9%	-1.2%	7.7K	-42.5K	-612	0.00	127.59	N/A	N/A	0	0	86	6
2025-03-27	$84.16	$80.00	21.4%	5.3%	24.3%	32.8%	0.0%	1.5%	-3.3%	5.8K	-28.5K	-497	0.00	130.40	N/A	N/A	1	0	86	6
2025-03-28	$82.03	$80.00	23.3%	5.3%	25.6%	37.8%	0.0%	-0.7%	-10.2%	2.7K	-10.5K	-331	0.00	121.49	N/A	N/A	2	0	87	6
2025-03-31	$83.12	$80.00	21.5%	6.2%	25.3%	33.1%	0.0%	2.3%	-0.7%	4.4K	-29.4K	-455	0.00	120.00	N/A	N/A	0	0	89	6