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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

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

SLV Flow Report

Analysis based on market close May 19, 2026

Directional Theta Gang Flow Earnings Consensus

Consensus-supported lens with chain history and key metrics in the rail.

Flow Verdict

Confidence:

4.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -1 spot 5.8% from MP; +0.5 VIX 18

Watch next session: SLV 2026-05-29 $67.00 Call; SLV 2026-05-29 $67.00 Put

Flow Summary

Net premium: -$2.6M bearish

P/C volume ratio: 0.53

P/C OI ratio: 0.53

Heavy call buying at $67 strikes (5/29, 5/20) with large put at same strike suggests bullish risk reversal. Positive GEX pinning supports upside. Spot below MP may lift. Net premium selling is offset by aggressive call flow.

Notable Prints

SLV 2026-05-20 $67.50 Call

Vol: 3,217

OI: 103

Vol/OI: 31.2x

IV: 43.2%

Notional: ~$183K

Intent: Bullish

Dual read: Spec

Read-through: Up

SLV 2026-05-29 $67.00 Call

Vol: 10,556

OI: 591

Vol/OI: 17.9x

IV: 50.0%

Notional: ~$2.4M

Intent: Bullish

Dual read: Spec

Read-through: Up

SLV 2026-05-22 $67.50 Call

Vol: 1,896

OI: 178

Vol/OI: 10.7x

IV: 50.8%

Notional: ~$210K

Intent: Bullish

Dual read: Spec

Read-through: Up

SLV 2026-05-20 $68.50 Call

Vol: 2,249

OI: 213

Vol/OI: 10.6x

IV: 41.2%

Notional: ~$56K

Intent: Bullish

Dual read: Spec

Read-through: Up

SLV 2026-05-22 $67.00 Call

Vol: 1,658

OI: 156

Vol/OI: 10.6x

IV: 51.1%

Notional: ~$225K

Intent: Bullish

Dual read: Spec

Read-through: Up

Institutional Positioning

Call additions: $67-$70.5 strikes; large $67.5 and $67 calls.

Put additions: $66.5 and $67 puts.

GEX/DEX consistency: Positive GEX/DEX, consistent with pinning.

OI clusters: Near $67-$68 from recent flow.

Hedging evidence: Minimal; only put adds.

Max pain context: Spot below MP; pinning expected higher.

Signal vs Noise

~High vol/oi at $67.5/$67 calls vs negative net premium creates conflicting signals.

~Negative net premium suggests noise despite call volume.

Key Conclusions

⚖️Large call adds at $67.5/$67 but negative net premium tempers upside confidence.

⚖️Put adds provide downside hedge; mixed signals overall.

How to Use These Reports

This flow reflects the market close on May 19, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.