SLV option chain

Strikes around the forward, as they were quoted at the close

Data as of 9 November 2026 (end of day)

2026-11-11(2 days)ATM 47.00%±1.68skew +1.74

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
3	45	$5.05	$5.25	—	$43.00	72.25%	$0.01	$0.02	802	141
13	22	$4.60	$4.75	—	$43.50	65.85%	$0.01	$0.02	1,229	144
28	128	$4.10	$4.25	—	$44.00	64.53%	$0.02	$0.03	1,717	103
2	167	$3.60	$3.75	—	$44.50	61.35%	$0.03	$0.04	1,198	171
280	418	$3.10	$3.30	—	$45.00	57.00%	$0.04	$0.05	781	344
287	200	$2.66	$2.78	—	$45.50	53.84%	$0.06	$0.07	194	907
306	496	$2.19	$2.31	—	$46.00	52.17%	$0.10	$0.11	822	1,156
85	318	$1.75	$1.85	—	$46.50	50.35%	$0.16	$0.17	525	1,124
642	1,954	$1.36	$1.43	—	$47.00	49.49%	$0.26	$0.27	356	1,596
1,521	1,402	$1.05	$1.06	—	$47.50	48.38%	$0.40	$0.41	85	2,140
3,213	427	$0.74	$0.76	—	$48.00	47.18%	$0.59	$0.60	267	799
2,506	835	$0.50	$0.52	46.84%	$48.50	—	$0.85	$0.88	32	209
2,470	1,610	$0.33	$0.34	47.06%	$49.00	—	$1.16	$1.24	54	252
3,578	520	$0.21	$0.22	47.75%	$49.50	—	$1.51	$1.61	22	91
5,375	1,967	$0.13	$0.14	48.62%	$50.00	—	$1.93	$2.04	42	309
1,019	927	$0.07	$0.08	48.25%	$50.50	—	$2.37	$2.50	1	15
2,584	2,796	$0.04	$0.05	49.35%	$51.00	—	$2.84	$2.97	48	1
108	81	$0.02	$0.03	49.87%	$51.50	—	$3.30	$3.45	14	0
100	1,444	$0.01	$0.02	51.21%	$52.00	—	$3.80	$3.95	52	12
806	69	$0.01	$0.02	56.53%	$52.50	—	—	—	—	—
—	—	—	—	—	$53.00	—	$4.80	$4.95	25	25

Forward $48.16. The 25-delta put carries +1.74 volatility points over the 25-delta call.

2026-11-13(4 days)ATM 46.14%±2.33skew +2.24

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
6	17	$5.10	$5.30	—	$43.00	61.30%	$0.04	$0.05	1,352	285
0	28	$4.65	$4.80	—	$43.50	58.35%	$0.05	$0.06	677	64
61	206	$4.15	$4.30	—	$44.00	56.62%	$0.07	$0.08	1,439	117
158	57	$3.70	$3.85	—	$44.50	53.93%	$0.09	$0.10	1,064	180
286	456	$3.20	$3.35	—	$45.00	51.66%	$0.12	$0.13	3,002	766
355	341	$2.78	$2.90	—	$45.50	49.85%	$0.16	$0.18	540	417
257	746	$2.35	$2.47	—	$46.00	48.77%	$0.23	$0.25	1,457	688
259	464	$1.95	$2.03	—	$46.50	48.11%	$0.33	$0.35	825	1,140
788	2,007	$1.59	$1.68	—	$47.00	47.69%	$0.47	$0.48	872	792
1,213	863	$1.30	$1.32	—	$47.50	46.93%	$0.63	$0.65	525	528
2,462	2,963	$1.01	$1.03	—	$48.00	46.46%	$0.84	$0.86	905	434
1,626	943	$0.76	$0.78	45.88%	$48.50	—	$1.10	$1.12	475	155
2,991	1,959	$0.57	$0.58	45.94%	$49.00	—	$1.40	$1.43	1,334	181
1,924	1,158	$0.40	$0.42	45.48%	$49.50	—	$1.70	$1.80	1,094	176
6,340	7,504	$0.29	$0.30	45.87%	$50.00	—	$2.08	$2.19	905	100
836	1,107	$0.20	$0.21	46.00%	$50.50	—	$2.49	$2.61	388	133
1,151	2,143	$0.14	$0.15	46.69%	$51.00	—	$2.93	$3.05	237	9
207	1,724	$0.10	$0.11	47.80%	$51.50	—	$3.35	$3.50	722	6
543	2,067	$0.07	$0.08	48.76%	$52.00	—	$3.85	$4.00	487	14
69	637	$0.05	$0.06	50.00%	$52.50	—	$4.30	$4.50	578	3
157	1,594	$0.03	$0.04	49.91%	$53.00	—	$4.80	$5.00	402	31

Forward $48.17. The 25-delta put carries +2.24 volatility points over the 25-delta call.

2026-11-16(7 days)ATM 39.90%±2.66skew +1.06

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
122	9	$5.15	$5.30	—	$43.00	51.21%	$0.06	$0.09	97	18
3	11	$4.70	$4.85	—	$43.50	49.52%	$0.08	$0.11	82	11
215	18	$4.20	$4.35	—	$44.00	47.28%	$0.11	$0.12	33	24
64	10	$3.75	$3.90	—	$44.50	45.88%	$0.14	$0.16	1	69
319	39	$3.30	$3.45	—	$45.00	44.10%	$0.18	$0.20	177	52
60	14	$2.86	$2.98	—	$45.50	42.87%	$0.24	$0.26	128	121
631	141	$2.45	$2.56	—	$46.00	42.31%	$0.33	$0.35	79	169
202	9	$2.06	$2.16	—	$46.50	41.07%	$0.43	$0.45	204	164
92	142	$1.71	$1.80	—	$47.00	40.65%	$0.57	$0.60	140	266
384	74	$1.39	$1.47	—	$47.50	40.32%	$0.75	$0.78	21	135
503	380	$1.10	$1.19	—	$48.00	39.96%	$0.96	$1.00	26	463
298	50	$0.89	$0.92	39.88%	$48.50	—	$1.18	$1.27	19	227
274	73	$0.69	$0.72	39.93%	$49.00	—	$1.47	$1.57	7	125
485	164	$0.52	$0.55	39.79%	$49.50	—	$1.80	$1.91	11	40
2,222	188	$0.39	$0.42	40.01%	$50.00	—	$2.17	$2.28	29	17
198	35	$0.29	$0.32	40.39%	$50.50	—	$2.56	$2.68	1	2
466	1,110	$0.21	$0.24	40.63%	$51.00	—	$2.98	$3.10	13	44
226	13	$0.15	$0.18	40.97%	$51.50	—	$3.40	$3.55	7	2
506	54	$0.11	$0.13	41.33%	$52.00	—	$3.85	$4.05	13	6
800	41	$0.07	$0.09	40.97%	$52.50	—	$4.35	$4.50	1	0
201	24	$0.05	$0.07	41.81%	$53.00	—	$4.80	$5.00	2	10

Forward $48.17. The 25-delta put carries +1.06 volatility points over the 25-delta call.

2026-11-18(9 days)ATM 41.21%±3.12skew +1.49

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
10	10	$5.20	$5.35	—	$43.00	49.79%	$0.10	$0.13	32	17
0	1	$4.75	$4.90	—	$43.50	48.54%	$0.13	$0.16	10	19
1	4	$4.30	$4.45	—	$44.00	46.74%	$0.16	$0.19	43	10
228	5	$3.80	$4.00	—	$44.50	45.46%	$0.20	$0.24	262	2,161
370	22	$3.40	$3.55	—	$45.00	44.95%	$0.28	$0.30	156	18
178	12	$2.99	$3.10	—	$45.50	43.36%	$0.33	$0.38	11	4
244	38	$2.59	$2.70	—	$46.00	42.85%	$0.44	$0.48	23	5
110	14	$2.25	$2.32	—	$46.50	42.03%	$0.55	$0.61	11	11
75	85	$1.87	$1.97	—	$47.00	41.57%	$0.71	$0.76	27	10
164	16	$1.56	$1.66	—	$47.50	41.16%	$0.88	$0.96	16	19
48	44	$1.29	$1.38	—	$48.00	41.22%	$1.10	$1.20	16	92
103	27	$1.08	$1.11	41.19%	$48.50	—	$1.36	$1.46	2	125
159	21	$0.84	$0.93	41.11%	$49.00	—	$1.65	$1.74	2	31
24	252	$0.67	$0.75	41.21%	$49.50	—	$1.97	$2.07	3	70
105	482	$0.53	$0.57	40.81%	$50.00	—	$2.32	$2.43	6	37
9	13	$0.41	$0.47	41.36%	$50.50	—	$2.70	$2.81	3	24
28	103	$0.32	$0.35	41.19%	$51.00	—	$3.10	$3.25	6	1
2	7	$0.25	$0.29	42.06%	$51.50	—	$3.50	$3.65	0	14
8	169	$0.19	$0.23	42.46%	$52.00	—	$3.95	$4.10	13	74
612	44	$0.15	$0.17	42.68%	$52.50	—	$4.40	$4.55	1	0
2	7	$0.12	$0.15	44.08%	$53.00	—	$4.85	$5.05	3	0

Forward $48.19. The 25-delta put carries +1.49 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 41.53%±3.48skew +0.94

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
43	218	$5.30	$5.45	—	$43.00	49.36%	$0.16	$0.17	5,207	307
0	—	$4.80	$4.95	—	$43.50	48.01%	$0.19	$0.21	—	41
76	304	$4.35	$4.50	—	$44.00	46.82%	$0.24	$0.25	2,867	194
1	—	$3.90	$4.05	—	$44.50	45.65%	$0.29	$0.31	—	81
102	1,724	$3.50	$3.65	—	$45.00	44.87%	$0.36	$0.39	11,278	565
75	—	$3.10	$3.25	—	$45.50	44.06%	$0.45	$0.48	—	5
350	3,960	$2.73	$2.83	—	$46.00	43.33%	$0.56	$0.59	2,638	660
276	986	$2.37	$2.46	—	$46.50	42.75%	$0.69	$0.73	1,547	279
628	6,562	$2.04	$2.12	—	$47.00	42.38%	$0.86	$0.89	5,619	629
105	1,175	$1.73	$1.82	—	$47.50	42.12%	$1.05	$1.09	1,241	1,589
1,158	4,574	$1.48	$1.53	—	$48.00	42.09%	$1.27	$1.33	8,517	464
4,007	2,013	$1.22	$1.26	41.33%	$48.50	—	$1.51	$1.60	386	59
2,515	13,960	$1.02	$1.05	41.54%	$49.00	—	$1.80	$1.88	3,699	340
656	1,021	$0.83	$0.87	41.52%	$49.50	—	$2.12	$2.21	10,386	24
5,551	20,679	$0.68	$0.71	41.65%	$50.00	—	$2.46	$2.55	12,605	206
260	4,577	$0.56	$0.58	42.02%	$50.50	—	$2.82	$2.93	57	1
550	3,064	$0.45	$0.48	42.39%	$51.00	—	$3.20	$3.35	2,296	26
564	1,235	$0.36	$0.39	42.66%	$51.50	—	$3.60	$3.75	359	8
418	3,394	$0.29	$0.32	43.14%	$52.00	—	$4.05	$4.20	4,435	160
108	2,466	$0.23	$0.26	43.49%	$52.50	—	$4.45	$4.65	77	0
244	3,400	$0.19	$0.20	43.78%	$53.00	—	$4.95	$5.10	4,627	146

Forward $48.21. The 25-delta put carries +0.94 volatility points over the 25-delta call.

2026-11-23(14 days)ATM 39.56%±3.73skew +0.73

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
0	—	$10.15	$10.35	—	$38.00	61.15%	$0.03	$0.06	—	6
0	—	$9.15	$9.35	—	$39.00	58.11%	$0.04	$0.08	—	18
4	—	$8.15	$8.40	—	$40.00	55.04%	$0.06	$0.10	—	28
8	—	$7.20	$7.40	—	$41.00	50.68%	$0.08	$0.11	—	14
48	—	$6.25	$6.40	—	$42.00	—	—	—	—	—
30	—	$5.30	$5.45	—	$43.00	45.73%	$0.17	$0.22	—	14
0	—	$4.40	$4.55	—	$44.00	44.03%	$0.28	$0.31	—	16
4	—	$3.55	$3.70	—	$45.00	42.36%	$0.42	$0.46	—	17
194	—	$2.83	$2.90	—	$46.00	40.87%	$0.62	$0.68	—	91
22	—	$2.12	$2.21	—	$47.00	39.99%	$0.91	$1.01	—	7
30	—	$1.55	$1.63	—	$48.00	39.59%	$1.33	$1.44	—	140
31	—	$1.09	$1.18	39.53%	$49.00	—	$1.87	$1.98	—	0
177	—	$0.76	$0.83	39.87%	$50.00	—	$2.52	$2.64	—	0
78	—	$0.51	$0.57	40.14%	$51.00	—	$3.25	$3.45	—	0
24	—	$0.34	$0.40	40.93%	$52.00	—	$4.00	$4.25	—	0
48	—	$0.23	$0.28	41.94%	$53.00	—	$4.85	$5.20	—	0
20	—	$0.15	$0.19	42.61%	$54.00	—	$5.75	$6.10	—	0
29	—	$0.10	$0.14	43.91%	$55.00	—	$6.30	$7.50	—	0
0	—	$0.05	$0.10	44.09%	$56.00	—	$6.40	$9.85	—	0
2	—	$0.04	$0.08	46.31%	$57.00	—	$7.25	$10.85	—	0
0	—	$0.02	$0.08	48.67%	$58.00	—	$8.00	$11.85	—	0

Forward $48.21. The 25-delta put carries +0.73 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 39.23%±4.20skew +1.12

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
—	—	—	—	—	$43.00	44.58%	$0.26	$0.29	332	55
0	—	$5.00	$5.15	—	$43.50	43.57%	$0.31	$0.34	—	76
9	121	$4.55	$4.70	—	$44.00	42.81%	$0.37	$0.41	1,803	654
1	—	$4.10	$4.30	—	$44.50	42.01%	$0.45	$0.48	—	195
108	450	$3.70	$3.85	—	$45.00	41.45%	$0.54	$0.58	869	164
0	—	$3.35	$3.50	—	$45.50	41.02%	$0.66	$0.69	—	19
89	664	$2.98	$3.10	—	$46.00	40.65%	$0.79	$0.83	943	421
3	—	$2.64	$2.74	—	$46.50	40.03%	$0.94	$0.97	—	179
41	1,077	$2.32	$2.41	—	$47.00	39.90%	$1.12	$1.16	1,023	88
72	—	$2.03	$2.11	—	$47.50	39.72%	$1.32	$1.37	—	151
122	6,154	$1.75	$1.84	—	$48.00	39.57%	$1.55	$1.60	611	85
184	795	$1.53	$1.55	39.20%	$48.50	—	$1.77	$1.87	178	32
457	1,197	$1.31	$1.35	39.35%	$49.00	—	$2.05	$2.15	514	38
309	849	$1.11	$1.15	39.19%	$49.50	—	$2.35	$2.46	240	3
1,173	2,064	$0.95	$0.98	39.35%	$50.00	—	$2.68	$2.80	593	13
200	508	$0.80	$0.82	39.26%	$50.50	—	$3.00	$3.15	166	1
198	834	$0.67	$0.70	39.45%	$51.00	—	$3.40	$3.55	205	54
49	407	$0.57	$0.60	39.90%	$51.50	—	$3.80	$3.95	142	7
246	1,454	$0.47	$0.50	39.89%	$52.00	—	$4.20	$4.35	138	12
30	427	$0.40	$0.43	40.44%	$52.50	—	$4.60	$4.75	64	1
73	1,762	$0.33	$0.36	40.59%	$53.00	—	$5.05	$5.20	108	6

Forward $48.22. The 25-delta put carries +1.12 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 38.83%±4.90skew +0.88

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
—	—	—	—	—	$42.50	43.58%	$0.33	$0.36	173	14
—	—	—	—	—	$43.00	42.73%	$0.39	$0.41	224	7
1	48	$4.70	$4.90	—	$44.00	41.49%	$0.53	$0.57	603	171
28	185	$3.95	$4.10	—	$45.00	40.34%	$0.73	$0.77	1,033	191
16	79	$3.25	$3.35	—	$46.00	39.73%	$1.01	$1.05	456	15
6	515	$2.90	$3.05	—	$46.50	39.39%	$1.17	$1.22	186	17
49	299	$2.60	$2.69	—	$47.00	38.99%	$1.36	$1.39	380	256
63	169	$2.31	$2.40	—	$47.50	38.91%	$1.57	$1.61	147	56
300	609	$2.06	$2.12	—	$48.00	38.72%	$1.80	$1.84	178	184
114	1,072	$1.80	$1.86	38.83%	$48.50	—	$2.05	$2.12	206	45
546	957	$1.58	$1.64	38.81%	$49.00	—	$2.31	$2.39	116	12
104	389	$1.38	$1.43	38.69%	$49.50	—	$2.61	$2.71	18	0
39,241	7,319	$1.22	$1.25	38.91%	$50.00	—	$2.93	$3.05	62	175
120	248	$1.05	$1.09	38.86%	$50.50	—	$3.20	$3.40	32	0
84	471	$0.92	$0.95	39.09%	$51.00	—	$3.60	$3.75	57	13
106	1,123	$0.79	$0.83	39.21%	$51.50	—	$3.95	$4.15	31	14
149	5,716	$0.69	$0.72	39.47%	$52.00	—	$4.35	$4.55	34	87
3	348	$0.60	$0.63	39.79%	$52.50	—	$4.80	$4.95	44	0
273	448	$0.52	$0.55	40.10%	$53.00	—	$5.15	$5.35	44	10
123	362	$0.45	$0.48	40.40%	$53.50	—	$5.60	$5.80	154	0
383	3,286	$0.39	$0.42	40.75%	$54.00	—	$6.00	$6.25	22	1

Forward $48.24. The 25-delta put carries +0.88 volatility points over the 25-delta call.

How to read this

Calls on the left, puts on the right, the strike between them — the layout every chain uses. Each block is one expiration, and the heading carries its days to expiry, the at-the-money implied volatility, and the one-standard-deviation move that volatility implies over that time.

Only the 21 strikes nearest the forward are stored, which is the part of the board that carries the volume. The shaded side is in the money: below the forward for calls, above it for puts.

Implied volatility is shown on the out-of-the-money side only. An in-the-money option is nearly all intrinsic value quoted on a wide market, so a volatility solved from it would look authoritative and mean very little. The price is still shown, because the price is real; the blank is deliberate.