iShares Silver Trust

SLV

16.25

+0.10

+0.6%

Stock Price
Open: 16.13
Prev. Close: 16.15
Low/Hi: 16.10 - 16.28
52-Week: 14.85 - 19.71
Volumes
Equity: 5,526,206
90-Day Avg: 7,036,580
Option: 29,163
90-Day Avg: 65,822
Volatility
Today: 11.4
20-Day: 16.8
52-Week: 21.7
30-Day IV: 17.7 -0.2
IV Rank: 0.11 (Subdued)
Fundamental
Div. Yield: 0.0%
Net Expense Ratio: 0.5%
Stock Type: ETF | Family: iShares | Category: Commodities Precious Metals

SLV Symbol Review Report

Price Performance:

Today, SLV has moved +0.6%, while SPY has moved +0.1%.

Over the last two weeks, SLV has moved +5.9%, and SPY has moved +0.2%.

Volume:

SLV's stock volume today is 5,520,211, which is 0.8x relative to the 90-day average of 7,036,580

SPY's relative volume today is 0.4x, trading 28,008,196 shares against an average of 77,211,420 for the last 90 days.

Volatility:

The current 1-Day OHLC Volatility for SLV is 11.4 for today. The 20-day average is 15.4, and the 52-week average is 18.7.

The 1-Day OHLC Volatility for SPY is 2.4, while the average over the last 20 days is 5.7, and for the last 52 weeks is 7.7.

Implied Volatility:

The current 30-Day Implied Volatility (IV30) is 17.7, and has moved -1.3% from yesterday. Its IV Ranking is 0.11, which is considered Subdued.

As a comparison, the current IV30 for SPY is 7.6, down -4.4% from the previous day. SPY's IV Rank is Subdued at 0.30.

Over the last 52 weeks, the IV30 Range is 16.8 - 36.1.

Over the same span, SPY's IV30 Range is 7.2 - 20.7.

Based on the IV30, a synthetic put to protect downside risk would cost 2.0%, compared to a 52-week range of 1.9% - 4.1%.

At-the-Money Straddles:

ATM Straddle Expected Range
Expiration $ Premium % Premium Low High
26-May-17 0.22 1.3% 16.04 16.47
02-Jun-17 0.37 2.3% 15.89 16.62
09-Jun-17 0.48 2.9% 15.78 16.73
16-Jun-17 0.58 3.6% 15.67 16.84
23-Jun-17 0.66 4.1% 15.59 16.92
30-Jun-17 0.75 4.6% 15.50 17.01
21-Jul-17 0.94 5.8% 15.31 17.20
18-Aug-17 1.19 7.3% 15.06 17.45
15-Sep-17 1.41 8.7% 14.85 17.66
29-Sep-17 1.53 9.4% 14.73 17.78
20-Oct-17 1.66 10.2% 14.59 17.92
29-Dec-17 2.13 13.1% 14.13 18.38
19-Jan-18 2.25 13.8% 14.00 18.51
29-Mar-18 2.61 16.0% 13.65 18.86
18-Jan-19 3.96 24.4% 12.30 20.21

Volatility Skew:

The current downside put implied volatility is trading 2.8% lower than the upside call volatility, which represents a slightly bearish tone when compared to the past year. Over the last year, the downside put has traded on average 5.5% lower than the upside call.

Option Volume:

On the day, SLV traded 29,163 contracts, with 31.9% being put options. This represents a relative volume of 0.4x compared to the last 90 days, when the average volume was 65,822 and 29.7% 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 3,933 13.5% 423,441 11,284 38.7% 509,802 4,652 16.0% 28,363 19,869 68.1% 961,606
Put 797 2.7% 211,335 4,445 15.2% 140,515 4,054 13.9% 36,671 9,296 31.9% 388,521
Total 29,165 1,350,127

Most Active Options:

Option Symbol Volume # Trades Last Price Low Price High Price Open Interest IV % IV Change
SLV 16Jun17 P 16 2,806 58 0.18 0.18 0.24 12,802 17.7 -1.0%
SLV 16Jun17 C 16.5 2,405 154 0.19 0.15 0.20 26,041 18.1 -2.0%
SLV 9Jun17 C 16.5 2,284 25 0.13 0.11 0.16 1,181 17.8 -1.6%
SLV 26May17 P 16 2,032 33 0.02 0.02 0.06 5,635 17.9 +8.3%
SLV 16Jun17 C 15.5 988 22 0.79 0.71 0.79 6,604 18.7 +0.2%

Biggest Open Interest Increases:

Option Symbol Open Interest Previous
Open Interest
Change % Change Current Volume
SLV 19Jan18 C 20 78,239 73,546 +4,693 +6.4% 67
SLV 16Jun17 P 16 12,802 9,398 +3,404 +36.2% 2,806
SLV 19Jan18 P 15 19,026 16,311 +2,715 +16.7% 20
SLV 21Jul17 C 16.5 13,047 10,711 +2,336 +21.8% 681
SLV 21Jul17 P 15 6,276 4,265 +2,011 +47.2% 357

Biggest Open Interest Decreases:

Option Symbol Open Interest Previous
Open Interest
Change % Change Current Volume
SLV 26May17 C 16 12,046 14,495 -2,449 -16.9% 566
SLV 16Jun17 C 16 17,729 18,337 -608 -3.3% 762
SLV 23Jun17 C 16 1,381 1,765 -384 -21.8% 44
SLV 21Jul17 C 16 10,411 10,770 -359 -3.3% 754
SLV 16Jun17 C 17 32,872 33,196 -324 -1.0% 530

Upcoming Dividend:

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