Home Options SLVReports

SLV

iShares Silver TrustClose $61.57EOD only

Max Pain

$67.50

Next expiry Jun 8, 2026

Expected Move

±$1.98

3.2% from close

Price Gap

+5.93

Distance to max pain

IV Rank

Low premium

P/C OI

0.53

Slightly call-heavy

Consensus

4.0/10

Bullish tilt

Published snapshot: Jun 5, 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 5, 2026 close

SLV Flow Report

Analysis based on market close June 8, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

5.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 VIX 19

Flow Summary

Net premium: -$116.1M bearish

P/C volume ratio: 0.65

P/C OI ratio: 0.55

Heavy put buying at $55 and $57 dominates flow despite call volume. Net negative premium and spot below max pain suggest downward pressure, but positive gamma pinning $62 may slow decline. Key to watch: $60 break.

Notable Prints

SLV 2026-07-10 $55.00 Put

Vol: 16,786

OI: 494

Vol/OI: 34.0x

IV: 47.4%

Notional: ~$1.7M

Intent: Bearish speculation

Dual read: Possible hedging

Read-through: Expects SLV below $55 by July

SLV 2026-06-12 $57.00 Put

Vol: 5,325

OI: 188

Vol/OI: 28.3x

IV: 55.1%

Notional: ~$128K

Intent: Bearish short-term

Read-through: Weakness expected by June 12

SLV 2026-07-17 $65.50 Call

Vol: 11,020

OI: 391

Vol/OI: 28.2x

IV: 46.9%

Notional: ~$2.4M

Intent: Bullish speculation

Dual read: May be part of call spread

Read-through: Anticipates SLV above $65.50

SLV 2026-06-26 $72.00 Call

Vol: 16,909

OI: 656

Vol/OI: 25.8x

IV: 49.7%

Notional: ~$457K

Intent: Bullish long shot

Read-through: High upside target

SLV 2026-06-10 $59.00 Put

Vol: 8,638

OI: 415

Vol/OI: 20.8x

IV: 48.3%

Notional: ~$199K

Intent: Bearish short-term

Read-through: Expects drop below $59 by June 10

Institutional Positioning

Call additions: Higher strikes: $65.5 (Jul 17), $72 (Jun 26), $62, $64 (Jun 10). $1.2M GEX positive.

Put additions: Lower strikes: $55 (Jul 10), $57 (Jun 12), $59 (Jun 10), $50 (Jul 10). Heavy put OI at $62.

GEX/DEX consistency: GEX positive (+$1.2M), DEX positive (+229M shares). Regime: gamma pinning, flow mixed. Inconsistent with net premium (-$116M).

OI clusters: Largest OI: $62 strikes (Jun 8 expiry), $55 put (Jul 10), $65.5 call (Jul 17).

Hedging evidence: Multiple puts added below $60 (55,57,59,50) suggest downside hedging or bearish bets.

Max pain context: Spot below MP; pinning likely near $60-$62. Gamma flip at $50.

Signal vs Noise

~Signal: heavy put buying at $55 (vol/OI 34), $57 (28.3), $59 (20.8) indicates institutional downside protection or bearish view.

~Signal: call buying at $65.5 (vol/OI 28.2) and $72 (25.8) shows long-shot bullish bets.

~Noise: $62 straddle (0DTE) with high volume but low IV - expiration noise.

~Noise: $62 Put for Jun 8 expiry - expiration-related activity.

Key Conclusions

🛡️Institutions piling into protective puts at $55-$59 - bearish hedge or outright short.

🚀Bullish call accumulation at $65.5 and $72 suggests some smart money expects upside breakout.

⚖️Net premium negative but GEX positive; mixed flow and pinning regime implies range-bound near $60.

How to Use These Reports

This flow reflects the market close on June 8, 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.