iShares Silver Trust

SLV

16.11

-0.14

-0.9%

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Stock Price
Open: 16.11
Prev. Close: 16.25
Low/Hi: 16.09 - 16.17
52-Week: 14.44 - 17.87
Volumes
Equity: 2,476,928
90-Day Avg: 7,226,703
Option: 15,097
90-Day Avg: 54,520
Volatility
Todays Stock Vol: 13.9
20-Day (HV): 15.7
52-Week (HV): 18.8
30-Day IV: 16.0 -0.4
IV Pct Rank: 0% Subdued
Fundamental
Div. Yield: 0.0%
Net Expense Ratio: 0.5%
Stock Type: ETF
Family: iShares
Category: Commodities Precious Metals
Stock Type: ETF | Family: iShares | Category: Commodities Precious Metals

SLV Symbol Review Report

Price Performance:

Today, SLV has moved -0.9%, while SPY has moved -0.1%.

Over the last two weeks, SLV has moved +2.6%, and SPY has moved +0.9%.

Volume:

SLV's stock volume today is 2,409,988, which is 0.3x relative to the 90-day average of 7,226,703

SPY's relative volume today is 0.1x, trading 6,494,954 shares against an average of 63,321,816 for the last 90 days.

Volatility:

The current 1-Day OHLC Volatility for SLV is 13.9 for today. The 20-day average is 13.9, and the 52-week average is 16.6.

The 1-Day OHLC Volatility for SPY is 1.4, while the average over the last 20 days is 4.2, and for the last 52 weeks is 6.5.

Implied Volatility:

The current 30-Day Implied Volatility (IV30) is 16.0, and has moved -2.5% from yesterday. Its IV Ranking is 0.00, which is considered Subdued.

As a comparison, the current IV30 for SPY is 6.6, up +2.5% from the previous day. SPY's IV Rank is Subdued at 0.04.

Over the last 52 weeks, the IV30 Range is 15.3 - 30.9.

Over the same span, SPY's IV30 Range is 6.4 - 19.6.

Based on the IV30, a synthetic put to protect downside risk would cost 1.8%, compared to a 52-week range of 1.7% - 3.5%.

At-the-Money Straddles:

ATM Straddle Expected Range
Expiration $ Premium % Premium Low High
20-Oct-17 0.22 1.4% 15.90 16.35
27-Oct-17 0.34 2.1% 15.78 16.47
03-Nov-17 0.47 2.9% 15.65 16.60
10-Nov-17 0.55 3.4% 15.57 16.68
17-Nov-17 0.63 3.9% 15.49 16.76
24-Nov-17 0.70 4.3% 15.42 16.83
01-Dec-17 0.77 4.8% 15.35 16.90
15-Dec-17 0.91 5.7% 15.21 17.04
29-Dec-17 1.02 6.3% 15.11 17.14
19-Jan-18 1.18 7.3% 14.95 17.30
29-Mar-18 1.67 10.4% 14.45 17.80
20-Apr-18 1.80 11.2% 14.32 17.93
29-Jun-18 2.21 13.7% 13.92 18.33
20-Jul-18 2.30 14.3% 13.83 18.42
28-Sep-18 2.63 16.3% 13.50 18.75
18-Jan-19 3.17 19.6% 12.96 19.29
17-Jan-20 4.46 27.7% 11.66 20.59

Volatility Skew:

The current downside put implied volatility is trading 6.4% 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 4.0% lower than the upside call.

Option Volume:

On the day, SLV traded 15,097 contracts, with 50.5% being put options. This represents a relative volume of 0.3x compared to the last 90 days, when the average volume was 54,520 and 27.1% 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 255 1.7% 35,265 3,234 21.0% 155,170 4,204 27.3% 24,795 7,693 49.9% 215,230
Put 2,346 15.2% 271,905 3,892 25.3% 153,506 1,481 9.6% 8,168 7,719 50.1% 433,579
Total 15,412 648,809

Most Active Options:

Option Symbol Volume # Trades Last Price Low Price High Price Open Interest IV % IV Change
SLV 17Nov17 P 17 1,625 25 0.92 0.92 0.98 2,462 17.3 -2.4%
SLV 17Nov17 P 16.5 1,133 58 0.52 0.52 0.55 2,181 16.2 -1.7%
SLV 3Nov17 C 17.5 1,000 14 0.02 0.02 0.02 447 19.8 -4.9%
SLV 29Dec17 C 17 762 12 0.23 0.23 0.25 9,918 19.0 +1.0%
SLV 17Nov17 P 16 715 21 0.25 0.24 0.27 8,592 15.6 -4.1%

Biggest Open Interest Increases:

Option Symbol Open Interest Previous
Open Interest
Change % Change Current Volume
SLV 3Nov17 P 15.5 10,376 366 +10,010 +2735.0% 1
SLV 19Jan18 C 19 65,023 63,626 +1,397 +2.2% 260
SLV 19Jan18 C 27 2,613 1,863 +750 +40.3% 150
SLV 15Dec17 C 16.5 26,032 25,646 +386 +1.5% 48
SLV 27Oct17 C 17 2,740 2,356 +384 +16.3% 0

Biggest Open Interest Decreases:

Option Symbol Open Interest Previous
Open Interest
Change % Change Current Volume
SLV 17Nov17 P 17 2,462 4,058 -1,596 -39.3% 1,625
SLV 20Oct17 C 16 25,072 25,772 -700 -2.7% 595
SLV 20Oct17 C 16.5 14,134 14,765 -631 -4.3% 373
SLV 20Oct17 C 17 34,542 35,073 -531 -1.5% 19
SLV 18Jan19 P 15 6,751 7,199 -448 -6.2% 0

Upcoming Dividend:

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