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SLV

iShares Silver TrustClose $59.01EOD only

Max Pain

$64.00

Next expiry Jun 10, 2026

Expected Move

±$1.69

2.9% from close

Price Gap

+4.99

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.54

Slightly call-heavy

Consensus

5.0/10

Bearish tilt

Published snapshot: Jun 9, 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 9, 2026 close

SLV Flow Report

Analysis based on market close June 9, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 7.8% from MP; +0.5 VIX 20

Watch next session: $53; $58; $60; $62

Flow Summary

Net premium: -$120.8M bearish

P/C volume ratio: 0.86

P/C OI ratio: 0.54

Aggressive put buying at $53 and $58, net premium -$121M, dealer short gamma $21M. Bearish bias, key resistance $62.

Notable Prints

SLV 2026-06-12 $53.00 Put

Vol: 12,290

OI: 127

Vol/OI: 96.8x

IV: 69.9%

Notional: ~$147K

Intent: Bearish bet on downside

Dual read: Possible hedge against long position

Read-through: Aggressive put buying near expiration

SLV 2026-07-10 $70.00 Call

Vol: 14,684

OI: 417

Vol/OI: 35.2x

IV: 49.6%

Notional: ~$764K

Intent: Bullish speculation

Dual read: Covered call writing unlikely due to high vol

Read-through: Long call opening ahead of July

SLV 2026-06-10 $58.00 Put

Vol: 9,582

OI: 403

Vol/OI: 23.8x

IV: 50.9%

Notional: ~$431K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SLV 2026-06-10 $60.00 Call

Vol: 7,480

OI: 337

Vol/OI: 22.2x

IV: 49.3%

Notional: ~$344K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SLV 2026-06-12 $54.00 Put

Vol: 2,529

OI: 196

Vol/OI: 12.9x

IV: 66.2%

Notional: ~$48K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Large call additions at $70 (Jul) and $60-62 (Jun)

Put additions: Heavy put buying at $53, $58, $56, $54, $45

GEX/DEX consistency: Mixed: GEX short gamma, DEX long delta; flow heavy on wings but net put premium dominates

OI clusters: Largest OI: $62 call (1,670) and $56.5 put (463); put concentration 46.4K below spot (15.3%)

Hedging evidence: OTM puts at $53 and $45 suggest downside hedging; $70 calls for upside speculation

Max pain context: Spot 7.8% below MP; pinning expected higher near $58-$60

Signal vs Noise

~Net premium negative with call volume higher (noise from mixed flow)

~Large put buying at OTM strikes (signal of tail hedge)

~GEX negative but DEX positive (noise from conflicting positioning)

Key Conclusions

🛡️Heavy put buying at OTM strikes indicates downside hedging by institutions

🚀Call additions at $70 and $60-62 reflect speculative bullish interest

⚖️Mixed dealer positioning with short gamma and long delta suggests indecision

How to Use These Reports

This flow reflects the market close on June 9, 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.