iShares Silver Trust

SLV

15.15

+0.13

+0.9%

After Hours:

15.18

+0.03

+0.2%

Please Login or Register

Login|Register FREE

Stock Price
Open: 15.14
Prev. Close: 15.02
Low/Hi: 15.08 - 15.17
52-Week: 14.44 - 17.59
Volumes
Equity: 7,119,602
90-Day Avg: 7,434,595
Option: 67,578
90-Day Avg: 49,307
Volatility
Todays Stock Vol: 12.9
20-Day (HV): 16.3
52-Week (HV): 17.6
30-Day IV: 17.3 -0.4
IV Pct Rank: 23% Subdued
Fundamental
Div. Yield:
Net Expense Ratio: 0.5%
Stock Info
Type: ETF
Family: iShares
Category: Commodities Precious Metals

SLV Symbol Review Report

Report Date: 15-Dec-2017

Price Performance:

On the day, SLV has moved +0.9%, while SPY has moved +0.8%.

Over the last two weeks, SLV has moved -2.5%, and SPY has moved +0.8%.

Volume:

SLV's stock volume on the day is 7,119,602, which is 1.0x relative to the 90-day average of 7,434,595

SPY's relative volume on the day is 1.9x, trading 132,836,676 shares against an average of 68,562,346 for the last 90 days.

Volatility:

The current 1-Day OHLC Volatility for SLV is 12.9 for the day. The 20-day average is 15.3, and the 52-week average is 15.7.

The 1-Day OHLC Volatility for SPY is 9.2, while the average over the last 20 days is 6.3, and for the last 52 weeks is 6.1.

Implied Volatility:

The current 30-Day Implied Volatility (IV30) is 17.3, and has moved -2.3% from the previous day. Its IV % Rank is 0.23, which is considered Subdued.

As a comparison, the current IV30 for SPY is 7.4, down slightly -1.8% from the previous day. SPY's IV % Rank is Subdued at 0.30.

Over the last 52 weeks, the IV30 Range is 15.3 - 27.3.

Over the same span, SPY's IV30 Range is 6.4 - 13.5.

Based on the IV30, a synthetic put to protect downside risk would cost 1.9%, compared to a 52-week range of 1.7% - 3.1%.

At-the-Money Straddles:

ATM Straddle Expected Range
Expiration $ Premium % Premium Low High
15-Dec-17 0.02 0.1% 15.14 15.17
22-Dec-17 0.29 1.9% 14.86 15.45
29-Dec-17 0.39 2.5% 14.77 15.54
05-Jan-18 0.47 3.1% 14.68 15.63
12-Jan-18 0.56 3.7% 14.60 15.71
19-Jan-18 0.62 4.1% 14.54 15.77
26-Jan-18 0.68 4.5% 14.48 15.83
16-Feb-18 0.89 5.8% 14.27 16.04
16-Mar-18 1.09 7.2% 14.07 16.24
29-Mar-18 1.17 7.7% 13.98 16.33
20-Apr-18 1.30 8.6% 13.85 16.46
29-Jun-18 1.68 11.1% 13.48 16.83
20-Jul-18 1.78 11.8% 13.37 16.94
28-Sep-18 2.13 14.0% 13.03 17.28
18-Jan-19 2.64 17.4% 12.51 17.80
17-Jan-20 3.81 25.1% 11.35 18.96

Volatility Skew:

The current downside put implied volatility is trading 6.5% lower than the upside call volatility, which represents a slightly bullish tone when compared to the past year. Over the last year, the downside put has traded on average 4.1% lower than the upside call.

Option Volume:

On the day, SLV traded 67,578 contracts, with 21.6% being put options. This represents a relative volume of 1.4x compared to the last 90 days, when the average volume was 49,307 and 29.8% 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 6,143 9.2% 386,292 21,358 31.9% 1,349,726 24,812 37.1% 548,032 52,313 78.2% 2,284,050
Put 4,825 7.2% 2,203,012 6,728 10.1% 294,256 3,071 4.6% 18,288 14,624 21.8% 2,515,556
Total 66,937 4,799,606

Most Active Options:

Option Symbol Volume # Trades Last Price Low Price High Price Open Interest IV % IV Change
SLV 17Jan20 C 23 5,440 72 0.55 0.52 0.59 2,902 26.3 -6.9%
SLV 15Dec17 C 15 4,233 177 0.16 0.09 0.18 12,406 51.4 +251.3%
SLV 19Jan18 C 19 4,000 1 0.01 0.01 0.01 67,362 17.5 -0.7%
SLV 17Jan20 C 21 3,699 50 0.71 0.71 0.80 5,915 25.7 -4.6%
SLV 22Dec17 C 15.5 3,513 58 0.04 0.03 0.06 9,519 18.6 -4.2%

Biggest Open Interest Increases:

Option Symbol Open Interest Previous
Open Interest
Change % Change Current Volume
SLV 19Jan18 C 15.5 38,723 21,196 +17,527 +82.7% 1,272
SLV 29Dec17 C 15 5,965 4,349 +1,616 +37.2% 936
SLV 20Apr18 C 15 4,328 3,076 +1,252 +40.7% 80
SLV 17Jan20 P 13 1,221 125 +1,096 +876.8% 5
SLV 22Dec17 C 15 3,422 2,341 +1,081 +46.2% 1,731

Biggest Open Interest Decreases:

Option Symbol Open Interest Previous
Open Interest
Change % Change Current Volume
SLV 15Dec17 C 15 12,406 14,274 -1,868 -13.1% 4,233
SLV 15Dec17 P 15.5 12,822 13,092 -270 -2.1% 420
SLV 16Feb18 C 16 10,839 10,991 -152 -1.4% 341
SLV 5Jan18 C 16 914 1,059 -145 -13.7% 395
SLV 15Dec17 P 15 6,572 6,710 -138 -2.1% 1,206

Upcoming Dividend:

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

Wait, Before You Leave...