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SLV

iShares Silver TrustClose $66.90EOD only
Max Pain
$71.00
Next expiry May 20, 2026
Expected Move
±$1.73
2.6% from close
Price Gap
+4.10
Distance to max pain
IV Rank
12
Low premium
P/C OI
0.53
Slightly call-heavy
Consensus
5.0/10
Range bias
Published snapshot: May 19, 2026 close
End-of-day snapshot

This page reflects SLV options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
May 19, 2026 close
Max Pain — SLV
Data as of market close May 19, 2026
Open Directional Report

Nearest listed expiration 2026-05-20 shows max pain at $71.00 (4.10 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$71.00
Nearest expiry
Expected Move
±$1.73
±2.6%
Days to Expiry
1
Calendar days
Total Call OI
62,475
Nearest expiry
Total Put OI
39,589
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$66.90
Published close
Consensus
5.0/10
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-05-20
ExpirationMax Pain StrikeLast Updated
2026-05-15$67.505/15/2026, 11:38:22 PM
2026-05-18$75.505/15/2026, 11:38:22 PM
2026-05-20NextUpdated$71.005/19/2026, 11:36:02 PM
2026-05-22$71.005/19/2026, 11:36:02 PM
2026-05-27$73.505/19/2026, 11:36:02 PM
2026-05-29$70.005/19/2026, 11:36:02 PM
2026-06-05$71.505/19/2026, 11:36:02 PM
2026-06-12$73.505/19/2026, 11:36:02 PM
2026-06-18$65.005/19/2026, 11:36:02 PM
2026-06-26$74.505/19/2026, 11:36:02 PM
2026-06-30$60.505/19/2026, 11:36:02 PM
2026-07-17$75.005/19/2026, 11:36:02 PM
2026-08-21$70.005/19/2026, 11:36:02 PM
2026-09-18$67.005/19/2026, 11:36:02 PM
2026-09-30$66.005/19/2026, 11:36:02 PM
2026-10-16$66.005/19/2026, 11:36:02 PM
2026-11-20$66.005/19/2026, 11:36:02 PM
2026-12-31$72.505/19/2026, 11:36:02 PM
2027-01-15$60.005/19/2026, 11:36:02 PM
2027-03-19$70.005/19/2026, 11:36:02 PM
2027-03-31$66.005/19/2026, 11:36:02 PM
Selected expiration: 2026-05-20 at max pain $71.00.
SLV pain by strike for 2026-05-20 expiration
StrikeCall PainPut PainTotal Pain
400108518450108518450
455008872745088727950
488007685345076854250
5048006893745068942250
5177006498015064987850
52106006102295061033550
53135005706625057079750
54164005311535053131750
55193004916535049184650
56256004522015045245750
57327004127495041307650
58423003733835037380650
59538003346905033522850
59.5643503153700031601350
60792502960700029686250
60.5977502772435027822100
611204502584440025964850
61.51457002398405024129750
621723002214700022319300
62.52015002038410020585600
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures

Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.

How traders use it

It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.

What can break it

Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.

The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.