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SLV

iShares Silver TrustClose $79.35EOD only

Max Pain

$67.00

Next expiry May 15, 2026

Expected Move

±$3.11

3.9% from close

Price Gap

-12.35

Distance to max pain

IV Rank

High premium

P/C OI

0.53

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: May 13, 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 13, 2026 close

SLV Flow Report

Analysis based on market close May 14, 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 11.0% from MP; +1 VIX 17

Watch next session: $100 strike; $86 strike

Flow Summary

Net premium: +$63.1M bullish

P/C volume ratio: 0.46

P/C OI ratio: 0.52

Dominant bullish flow with heavy OTM call buying, net premium +$63M, and positive gamma. Unusual prints show deep OTM calls, favoring higher spot. Risk is reversal below $70 gamma flip.

Notable Prints

SLV 2026-06-26 $100.00 Call

Vol: 33,357

OI: 654

Vol/OI: 51.0x

IV: 65.6%

Notional: ~$3.4M

Intent: Spec

Dual read: Close

Read-through: Up

SLV 2026-05-18 $64.00 Put

Vol: 5,162

OI: 173

Vol/OI: 29.8x

IV: 68.8%

Notional: ~$15K

Intent: Hedge

Dual read: Open

Read-through: Hedge

SLV 2026-06-26 $105.00 Call

Vol: 4,231

OI: 180

Vol/OI: 23.5x

IV: 67.7%

Notional: ~$330K

Intent: Spec

Dual read: Roll

Read-through: Up

SLV 2026-05-18 $84.00 Call

Vol: 2,409

OI: 130

Vol/OI: 18.5x

IV: 50.4%

Notional: ~$17K

Intent: Spec

Dual read: Close

Read-through: Up

SLV 2026-05-20 $86.00 Call

Vol: 1,726

OI: 159

Vol/OI: 10.9x

IV: 56.4%

Notional: ~$21K

Intent: Bet

Dual read: Spread

Read-through: Up

Institutional Positioning

Call additions: Aggressive call buys at $100, $105 Jun26; also $84, $86, $92 strikes. Vol/OI ratios up to 51x.

Put additions: Minor put activity at $64 weekly and $73.50 Jun5; long-dated $61.5 Jan27 put for hedging.

GEX/DEX consistency: GEX +$320M, DEX +291M shares. Both positive, consistent with bullish flow and pinning gamma.

OI clusters: Put OI concentrated ~7.3% below spot at ~$64.8; call OI building at $100+.

Hedging evidence: Long-dated $61.5 Jan27 put with 7.2x vol/OI suggests protective hedging.

Max pain context: Spot above max pain; pinning gamma regime supports elevated levels near $80.

Signal vs Noise

~Signal: High vol/OI ratio call prints at $100 and $105 show real institutional bullish positioning.

~Signal: Low put/call volume ratio (0.46) and strong net premium ($63M) confirm bullish flow.

~Noise: Small put buys at $64 and $73.5 are likely hedging or small positions, not bearish bets.

Key Conclusions

📈Aggressive call accumulation at $100+ strikes signals institutions expect further upside in SLV.

⚠️Heavy put OI below spot could pin price near $70-$75, but call skew dominates.

✅Positive GEX/DEX and low put/call ratio confirm strong institutional buying pressure.

How to Use These Reports

This flow reflects the market close on May 14, 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.