SLYG Options History — December 2025

In December 2025, SLYG traded between $94.43 and $98.42. ATM implied volatility averaged 20.5%, placing in the 10.5% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 1.8% (HV 20d: 18.7%). Max pain ranged from $94.00 to $95.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2025-12-16: Highest Volume — 4 contracts
2025-12-10: Largest IV drop — 32.5% change
2025-12-09: Highest IV Rank — 22.1%
2025-12-02: Largest Expected Move — 6.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$96.30	$94.43	$98.42	$94.58	$94.43
Max Pain	$94.14	$94.00	$95.00	$95.00	$94.00
ATM IV	20.5%	16.6%	26.8%	22.3%	20.7%
Expected Move	5.6%	4.7%	6.4%	6.4%	5.9%
HV 20d	18.7%	11.8%	22.8%	22.6%	13.1%
HV 60d	18.1%	17.8%	18.7%	18.6%	18.2%
IV Rank	10.5%	3.3%	22.1%	13.8%	10.9%
IV Percentile	32.3%	2.0%	86.9%	54.8%	32.5%
Term Structure	-0.9%	-3.8%	3.5%	-2.8%	-3.0%
VWIV	19.1%	16.8%	21.5%	16.8%	21.5%
Skew 25d	2.5%	-1.1%	7.5%	1.1%	0.6%
Skew 10d	2.6%	0.2%	7.8%	2.4%	0.2%
Call IV 25d	16.6%	11.7%	20.1%	20.1%	17.9%
Put IV 25d	19.1%	16.9%	22.9%	21.1%	18.5%
Bid-Ask Spread %	145.00	133.42	153.27	135.17	151.28
Gamma HHI	0.37	0.32	0.41	0.39	0.34
Net GEX	12.2K	10.3K	15.6K	10.3K	15.1K
Net DEX	-157.7K	-182.1K	-127.3K	-127.4K	-136.4K
Net VEX	-442	-479	-378	-476	-454
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.455	0	4	0	0
Total OI	30.409	29	33	29	33

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	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2025-12-01	$94.58	$95.00	22.3%	6.4%	22.6%	13.8%	0.0%	1.1%	-2.8%	10.3K	-127.4K	-476	135.17	N/A	N/A	0	26	3
2025-12-02	$94.75	$95.00	22.3%	6.4%	22.6%	13.8%	0.0%	3.0%	-2.1%	10.4K	-127.3K	-473	137.61	N/A	N/A	0	26	3
2025-12-03	$95.90	$95.00	21.7%	6.2%	22.8%	12.6%	0.0%	5.2%	-0.4%	10.6K	-137.1K	-462	133.42	N/A	N/A	0	26	3
2025-12-04	$95.88	$94.00	22.9%	5.7%	22.3%	14.8%	0.0%	1.3%	-0.5%	10.5K	-145.8K	-449	142.80	N/A	N/A	0	26	3
2025-12-05	$95.77	$94.00	23.7%	5.6%	21.9%	16.3%	0.0%	2.1%	-0.2%	10.8K	-146.5K	-444	146.14	N/A	N/A	0	26	3
2025-12-08	$95.51	$94.00	25.9%	5.5%	22.0%	20.5%	0.0%	7.1%	0.2%	10.8K	-143.2K	-442	146.57	N/A	N/A	0	26	3
2025-12-09	$95.73	$94.00	26.8%	5.5%	21.7%	22.1%	0.0%	7.5%	0.2%	11.1K	-142.1K	-438	144.12	N/A	N/A	0	26	3
2025-12-10	$97.51	$94.00	18.1%	5.2%	22.5%	6.1%	0.0%	3.2%	3.5%	11.4K	-159.1K	-413	134.63	N/A	N/A	0	26	3
2025-12-11	$98.42	$94.00	18.7%	5.4%	22.7%	7.2%	0.0%	0.3%	0.1%	10.4K	-182.1K	-378	141.26	N/A	N/A	0	26	3
2025-12-12	$97.30	$94.00	18.4%	5.3%	20.8%	6.5%	0.0%	0.4%	-1.5%	11.3K	-171.4K	-428	140.84	N/A	N/A	0	27	3
2025-12-15	$97.09	$94.00	19.0%	5.5%	20.8%	7.8%	0.0%	1.4%	-1.4%	12.2K	-170.7K	-412	145.08	N/A	N/A	0	27	3
2025-12-16	$96.46	$94.00	18.8%	5.4%	18.9%	7.3%	0.0%	2.4%	0.3%	13.0K	-161.0K	-422	143.84	N/A	N/A	4	27	3
2025-12-17	$95.72	$94.00	16.6%	4.7%	19.3%	3.3%	16.8%	-1.1%	2.1%	12.5K	-149.6K	-439	140.47	N/A	N/A	2	27	3
2025-12-18	$96.25	$94.00	18.5%	5.3%	19.3%	6.9%	0.0%	2.1%	-0.4%	12.2K	-155.9K	-433	147.39	N/A	N/A	2	27	3
2025-12-19	$96.19	$94.00	19.1%	5.5%	18.3%	7.9%	0.0%	2.3%	-1.1%	13.1K	-159.9K	-479	150.15	N/A	N/A	0	29	3
2025-12-22	$97.25	$94.00	18.5%	5.3%	15.5%	6.8%	0.0%	1.2%	-2.4%	13.3K	-178.2K	-455	147.41	N/A	N/A	0	29	3
2025-12-23	$97.17	$94.00	19.1%	5.5%	15.3%	7.9%	0.0%	3.2%	-0.5%	13.2K	-179.0K	-451	152.37	N/A	N/A	0	29	3
2025-12-24	$97.35	$94.00	19.1%	5.5%	12.4%	8.0%	0.0%	3.2%	-2.2%	13.9K	-178.8K	-441	152.42	N/A	N/A	0	29	3
2025-12-26	$97.10	$94.00	19.4%	5.5%	12.0%	8.4%	0.0%	3.2%	-1.5%	13.6K	-181.7K	-436	153.27	N/A	N/A	0	29	3
2025-12-29	$96.47	$94.00	21.0%	6.0%	11.8%	11.5%	21.5%	3.0%	-3.8%	14.1K	-171.5K	-436	151.79	N/A	N/A	2	29	3
2025-12-30	$95.83	$94.00	20.3%	5.8%	11.9%	10.0%	0.0%	1.8%	-3.3%	15.6K	-165.1K	-452	152.06	N/A	N/A	0	30	3
2025-12-31	$94.43	$94.00	20.7%	5.9%	13.1%	10.9%	0.0%	0.6%	-3.0%	15.1K	-136.4K	-454	151.28	N/A	N/A	0	30	3