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SLV

iShares Silver TrustClose $78.55EOD only

Max Pain

$73.00

Next expiry May 13, 2026

Expected Move

±$0.82

1.1% from close

Price Gap

-5.55

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.53

Slightly call-heavy

Consensus

5.5/10

Consensus signal

Published snapshot: May 12, 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 12, 2026 close

SLV Flow Report

Analysis based on market close May 13, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.0% from MP; +1 VIX 18

Watch next session: $80 call accumulation; gamma flip level $70

Flow Summary

Net premium: +$188.2M bullish

P/C volume ratio: 0.32

P/C OI ratio: 0.53

Bullish flow dominance with heavy call buying across strikes and expiries. Low put/call ratios and positive gamma support upside bias. Key risk is breakdown below gamma flip.

Notable Prints

SLV 2026-05-13 $80.00 Put

Vol: 7,102

OI: 146

Vol/OI: 48.6x

IV: 24.3%

Notional: ~$497K

Intent: Hedge against drop

Dual read: Speculative put buying

Read-through: Bearish but gamma pinning at $80

SLV 2026-09-30 $150.00 Call

Vol: 23,123

OI: 959

Vol/OI: 24.1x

IV: 79.9%

Notional: ~$5.9M

Intent: Speculative upside bet

Dual read: Possible s/d of calls

Read-through: Long-shot bullish, high IV

SLV 2026-09-18 $15.00 Put

Vol: 2,475

OI: 264

Vol/OI: 9.4x

IV: 100.0%

Notional: ~$5K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SLV 2026-05-29 $92.00 Call

Vol: 5,343

OI: 596

Vol/OI: 9.0x

IV: 65.9%

Notional: ~$492K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SLV 2026-05-15 $78.50 Put

Vol: 1,243

OI: 146

Vol/OI: 8.5x

IV: 54.2%

Notional: ~$147K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Sep 150C (+23k vol), May 92C (+5.3k), May 91C (+0.8k), May 18 80C (+6.4k)

Put additions: May 13 80P (+7.1k), May 13 78P (+8.8k), May 15 78.5P (+1.2k), May 15 75.5P (+1k)

GEX/DEX consistency: Consistent: GEX +$371.5M, DEX +310.6M shares; bullish flow aligned with positive gamma.

OI clusters: Largest OI at 80 strike; gamma flip at 70.

Hedging evidence: Short-dated puts (80P, 78P) high vol/oi; possible hedging of long positions.

Max pain context: Spot above MP; pinning gamma supports bullish bias.

Signal vs Noise

~Signal: Sep 150C (23k vol, 79.9 IV) – speculative long shot.

~Signal: May 92C/91C and May 18 80C – bullish directional bets.

~Noise: May 13 80P/78P are same-day expiration, likely noise.

~Noise: Sep 15P ($0.02, 100 IV) is lottery noise.

Key Conclusions

🐂Net premium +$188M; put/call ratio 0.32 – strong call buying.

🔮Sep 150C (23k vol, 79.9 IV) signals speculative upside bet.

⚠️Short-dated puts high vol may hedge; watch gamma flip at 70.

How to Use These Reports

This flow reflects the market close on May 13, 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.