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SLV

iShares Silver TrustClose $66.98EOD only

Max Pain

$68.00

Next expiry Jun 5, 2026

Expected Move

±$1.22

1.8% from close

Price Gap

+1.02

Distance to max pain

IV Rank

Low premium

P/C OI

0.53

Slightly call-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: Jun 4, 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

Jun 4, 2026 close

SLV Flow Report

Analysis based on market close June 5, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

4.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -1 spot 8.1% from MP; +0.5 VIX 22

Watch next session: Monitor $60 put block; Decay of short-dated OTM calls

Flow Summary

Net premium: -$202.7M bearish

P/C volume ratio: 0.68

P/C OI ratio: 0.53

Heavy put activity at $60 signals hedging, while short-dated call blocks suggest speculative upside bets. Low put/call ratios and positive gamma pinning near max pain, but spot below MP creates uncertainty. The market selloff amplifies divergence between defensive and aggressive flows.

Notable Prints

SLV 2026-06-08 $60.00 Put

Vol: 31,744

OI: 231

Vol/OI: 137.4x

IV: 47.5%

Notional: ~$1.9M

Intent: Aggressive bearish bet on SLV drop below $60 by 6/8

Dual read: Could hedge existing long silver position

Read-through: Significant demand for downside protection, implying bearish sentiment

SLV 2026-06-05 $63.00 Call

Vol: 14,798

OI: 185

Vol/OI: 80.0x

IV: 23.4%

Notional: ~$15K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SLV 2026-06-08 $65.00 Call

Vol: 8,198

OI: 103

Vol/OI: 79.6x

IV: 35.9%

Notional: ~$66K

Intent: Bullish speculation on SLV rally above $65 by 6/8

Dual read: Possible closing of existing short position

Read-through: Despite selloff, some traders expect rebound

SLV 2026-07-02 $70.50 Call

Vol: 14,697

OI: 235

Vol/OI: 62.5x

IV: 43.6%

Notional: ~$764K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SLV 2026-06-05 $62.00 Call

Vol: 5,034

OI: 100

Vol/OI: 50.3x

IV: 9.4%

Notional: ~$5K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Aggressive short-dated call buying at 62-64.5 (06-05 exp) and 65-70.5 (06-08, 07-02).

Put additions: Large put buying at 60 (06-08) and 50 (07-02).

GEX/DEX consistency: Positive GEX/DEX but net premium negative; mixed signal.

OI clusters: Put OI cluster at 60 (46k, 19% below spot); call clusters at 62-65.

Hedging evidence: Put buying likely hedges long exposure; VIX 21.5 signals elevated hedging.

Max pain context: Spot 8.1% below MP; gamma pinning likely draws spot higher.

Signal vs Noise

~Aggressive put at 60 (137x vol/oi) signal.

~Short-dated call buying near spot signal.

~Net premium negative vs positive GEX divergence.

~High VIX and equity selloff signal risk-off.

Key Conclusions

📉Large put buyer at 60 targets further decline.

📈Short-dated call accumulation near spot suggests bullish positioning.

⚠️Positive GEX pinning but negative premium; caution warranted.

How to Use These Reports

This flow reflects the market close on June 5, 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.