iShares Silver Trust

SLV

17.40

+0.16

+0.9%

After Hours:

17.40

0.00

0.0%

Stock Price
Open: 17.37
Prev. Close: 17.24
Low/Hi: 17.29 - 17.45
52-Week: 13.97 - 19.71
Volumes
Equity: 7,971,866
90-Day Avg: 8,534,091
Option: 114,173
90-Day Avg: 60,565
Volatility
Today: 13.2
20-Day: 17.4
52-Week: 23.8
30-Day IV: 18.8 -0.1
IV Rank: 0.00 (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-Feb-2017

Price Performance:

On the day, SLV has moved +0.9%, while SPY has moved +0.1%.

Over the last two weeks, SLV has moved +2.2%, and SPY has moved +2.3%.

Volume:

SLV's stock volume on the day is 7,971,866, which is 0.9x relative to the 90-day average of 8,534,091

SPY's relative volume on the day is 0.9x, trading 77,141,484 shares against an average of 82,740,785 for the last 90 days.

Volatility:

The current 1-Day OHLC Volatility for SLV is 13.2 for the day. The 20-day average is 15.6, and the 52-week average is 20.6.

The 1-Day OHLC Volatility for SPY is 8.3, while the average over the last 20 days is 6.1, and for the last 52 weeks is 8.7.

Implied Volatility:

The current 30-Day Implied Volatility (IV30) is 18.8, and has moved -0.6% from the previous day. Its IV Ranking is 0.00, which is considered Subdued.

As a comparison, the current IV30 for SPY is 8.6, down -3.1% from the previous day. SPY's IV Rank is Subdued at 0.40.

Over the last 52 weeks, the IV30 Range is 18.4 - 36.1.

Over the same span, SPY's IV30 Range is 8.5 - 20.7.

Based on the IV30, a synthetic put to protect downside risk would cost 2.1%, compared to a 52-week range of 2.1% - 4.1%.

At-the-Money Straddles:

ATM Straddle Expected Range
Expiration $ Premium % Premium Low High
24-Feb-17 0.02 0.1% 17.37 17.42
03-Mar-17 0.35 2.0% 17.05 17.74
10-Mar-17 0.50 2.9% 16.89 17.90
17-Mar-17 0.63 3.6% 16.77 18.02
24-Mar-17 0.73 4.2% 16.67 18.12
31-Mar-17 0.82 4.7% 16.57 18.22
07-Apr-17 0.92 5.3% 16.47 18.32
21-Apr-17 1.05 6.0% 16.34 18.45
19-May-17 1.42 8.2% 15.98 18.81
16-Jun-17 1.69 9.7% 15.70 19.09
30-Jun-17 1.80 10.3% 15.60 19.19
21-Jul-17 1.97 11.3% 15.42 19.37
29-Sep-17 2.51 14.4% 14.88 19.91
20-Oct-17 2.68 15.4% 14.71 20.08
29-Dec-17 3.14 18.0% 14.26 20.53
19-Jan-18 3.31 19.0% 14.08 20.71
18-Jan-19 5.07 29.2% 12.32 22.47

Volatility Skew:

The current downside put implied volatility is trading 8.3% lower than the upside call volatility, which represents a neutral tone when compared to the past year. Over the last year, the downside put has traded on average 7.5% lower than the upside call.

Option Volume:

On the day, SLV traded 114,173 contracts, with 10.7% being put options. This represents a relative volume of 1.9x compared to the last 90 days, when the average volume was 60,565 and 28.1% 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 29,243 27.6% 3,068,134 52,041 49.1% 5,254,170 15,450 14.6% 367,814 96,734 91.2% 8,690,118
Put 142 0.1% 13,492 4,619 4.4% 334,459 4,547 4.3% 26,845 9,308 8.8% 374,796
Total 106,042 9,064,914

Most Active Options:

Option Symbol Volume # Trades Last Price Low Price High Price Open Interest IV % IV Change
SLV 20Oct17 C 16 14,155 52 2.23 2.23 2.27 173 24.6 +0.3%
SLV 3Mar17 C 17 12,554 922 0.43 0.35 0.47 26,741 16.2 -2.4%
SLV 30Jun17 C 18 9,157 9 0.70 0.69 0.72 13,379 22.7 -1.0%
SLV 30Jun17 C 20 9,089 9 0.26 0.25 0.27 10,407 24.9 -0.8%
SLV 31Mar17 C 18 8,862 27 0.22 0.20 0.23 15,993 19.9 -4.0%

Biggest Open Interest Increases:

Option Symbol Open Interest Previous
Open Interest
Change % Change Current Volume
SLV 17Mar17 C 18.5 4,979 2,208 +2,771 +125.5% 224
SLV 17Mar17 P 17 8,278 5,585 +2,693 +48.2% 253
SLV 3Mar17 C 17.5 6,841 4,149 +2,692 +64.9% 3,610
SLV 21Apr17 C 20 11,110 9,391 +1,719 +18.3% 235
SLV 17Mar17 C 18 21,742 20,255 +1,487 +7.3% 1,547

Biggest Open Interest Decreases:

Option Symbol Open Interest Previous
Open Interest
Change % Change Current Volume
SLV 17Mar17 C 15.5 6,700 8,686 -1,986 -22.9% 1,071
SLV 17Mar17 C 16 11,151 12,929 -1,778 -13.8% 1,083
SLV 24Feb17 C 17 6,948 8,271 -1,323 -16.0% 2,957
SLV 3Mar17 C 17 26,741 27,934 -1,193 -4.3% 12,554
SLV 10Mar17 P 17 1,810 2,431 -621 -25.6% 0

Upcoming Dividend:

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