iShares Silver Trust

SLV

16.98

-0.04

-0.2%

After Hours:

17.05

+0.07

+0.4%

Stock Price
Open: 16.84
Prev. Close: 17.02
Low/Hi: 16.79 - 16.99
52-Week: 14.85 - 19.71
Volumes
Equity: 6,878,944
90-Day Avg: 7,109,049
Option: 58,921
90-Day Avg: 60,674
Volatility
Today: 19.9
20-Day: 15.2
52-Week: 22.3
30-Day IV: 17.0 -2.9
IV Rank: 0.02 (Subdued)
Fundamental
Div. Yield: 0.0%
Net Expense Ratio: 0.5%
Stock Type: ETF | Family: iShares | Category: Commodities Precious Metals

SLV Symbol Review Report

Report Date: 24-Apr-2017

Price Performance:

On the day, SLV has moved -0.2%, while SPY has moved +1.1%.

Over the last two weeks, SLV has moved -0.1%, and SPY has moved +0.8%.

Volume:

SLV's stock volume on the day is 6,878,944, which is 1.0x relative to the 90-day average of 7,109,049

SPY's relative volume on the day is 1.5x, trading 116,570,150 shares against an average of 79,543,719 for the last 90 days.

Volatility:

The current 1-Day OHLC Volatility for SLV is 19.9 for the day. The 20-day average is 13.6, and the 52-week average is 19.2.

The 1-Day OHLC Volatility for SPY is 18.2, while the average over the last 20 days is 7.8, and for the last 52 weeks is 8.0.

Implied Volatility:

The current 30-Day Implied Volatility (IV30) is 17.0, and has moved -14.6% from the previous day. Its IV Ranking is 0.02, which is considered Subdued.

As a comparison, the current IV30 for SPY is 8.1, down -29.4% from the previous day. SPY's IV Rank is Subdued at 0.35.

Over the last 52 weeks, the IV30 Range is 17.1 - 36.1.

Over the same span, SPY's IV30 Range is 8.1 - 20.7.

Based on the IV30, a synthetic put to protect downside risk would cost 1.9%, compared to a 52-week range of 1.9% - 4.1%.

At-the-Money Straddles:

ATM Straddle Expected Range
Expiration $ Premium % Premium Low High
28-Apr-17 0.29 1.7% 16.69 17.26
05-May-17 0.44 2.6% 16.54 17.41
12-May-17 0.55 3.2% 16.43 17.52
19-May-17 0.63 3.7% 16.35 17.60
26-May-17 0.72 4.2% 16.26 17.69
02-Jun-17 0.80 4.7% 16.18 17.77
16-Jun-17 0.93 5.5% 16.04 17.91
30-Jun-17 1.07 6.3% 15.91 18.04
21-Jul-17 1.24 7.3% 15.74 18.21
18-Aug-17 1.49 8.8% 15.49 18.46
29-Sep-17 1.81 10.6% 15.17 18.78
20-Oct-17 1.96 11.5% 15.02 18.93
29-Dec-17 2.42 14.2% 14.56 19.39
19-Jan-18 2.54 15.0% 14.44 19.51
29-Mar-18 2.87 16.9% 14.11 19.84
18-Jan-19 4.14 24.4% 12.84 21.11

Volatility Skew:

The current downside put implied volatility is trading 1.7% higher than the upside call volatility, which represents a bearish tone when compared to the past year. Over the last year, the downside put has traded on average 6.1% lower than the upside call.

Option Volume:

On the day, SLV traded 58,921 contracts, with 27.3% being put options. This represents a relative volume of 1.0x compared to the last 90 days, when the average volume was 60,674 and 31.0% puts.

Order Flow:

In the Money At the Money Out of the Money Total
Option Type Volume % Volume Total
Notional
Volume % Volume Total
Notional
Volume % Volume Total
Notional
Volume % Volume Total
Notional $
Call 499 2.4% 115,919 10,400 49.4% 393,566 7,350 34.9% 56,392 18,249 86.7% 565,877
Put 209 1.0% 18,028 1,824 8.7% 51,827 775 3.7% 9,395 2,808 13.3% 79,250
Total 21,057 645,127

Most Active Options:

Option Symbol Volume # Trades Last Price Low Price High Price Open Interest IV % IV Change
SLV 19Jan18 C 20 6,590 37 0.48 0.46 0.48 70,204 23.4 -3.3%
SLV 28Apr17 C 17 5,631 112 0.13 0.08 0.14 9,744 17.0 -28.5%
SLV 5May17 C 17 5,449 109 0.21 0.16 0.21 1,805 17.5 -18.2%
SLV 28Apr17 P 17 4,833 66 0.17 0.17 0.27 17,583 16.7 -28.9%
SLV 5May17 P 17 4,394 48 0.25 0.24 0.34 1,561 16.7 -22.2%

Biggest Open Interest Increases:

Option Symbol Open Interest Previous
Open Interest
Change % Change Current Volume
SLV 20Oct17 C 20.5 8,753 3 +8,750 +291666.7% 17
SLV 19May17 C 17 20,991 12,786 +8,205 +64.2% 729
SLV 5May17 P 16.5 5,774 947 +4,827 +509.7% 706
SLV 20Oct17 C 19 8,092 3,939 +4,153 +105.4% 24
SLV 19Jan18 C 20 70,204 66,867 +3,337 +5.0% 6,590

Biggest Open Interest Decreases:

Option Symbol Open Interest Previous
Open Interest
Change % Change Current Volume
SLV 21Apr17 C 17.5 0 33,442 -33,442 -100.0% 0
SLV 21Apr17 C 17 0 31,612 -31,612 -100.0% 0
SLV 21Apr17 P 17 0 30,825 -30,825 -100.0% 0
SLV 21Apr17 C 18 0 27,458 -27,458 -100.0% 0
SLV 21Apr17 P 16.5 0 24,214 -24,214 -100.0% 0

Upcoming Dividend:

The next dividend for SLV has not yet been announced. Its indicative dividend yield going forward is 0.00%.