thetaOwl

SLV

iShares Silver TrustClose $61.29EOD only
Max Pain
$61.00
Next expiry Jun 15, 2026
Expected Move
±$1.67
2.7% from close
Price Gap
-0.29
Distance to max pain
IV Rank
53
Middle-high premium
P/C OI
0.52
Slightly call-heavy
Consensus
7.0/10
Range bias
Published snapshot: Jun 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
Jun 12, 2026 close
SLV Flow Report
Analysis based on market close June 11, 2026

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

You are viewing an older report from June 11, 2026. A newer flow report is available for June 12, 2026.

View latest report

Flow Verdict

BiasBullish
Confirmation: Heavy call volume and positive gamma pinning sustain upside momentum.
Invalidation: Spot closes below gamma flip $50 or call flow reverses.
Confidence:
6 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.9% from MP; +0.5 VIX 19

Watch next session: Monitored call volume continuation

Flow Summary

Net premium: -$188.1M bearish

P/C volume ratio: 0.68

P/C OI ratio: 0.53

Call buying dominates unusual prints; net premium negative but GEX positive. High vol, gamma pinning, spot below MP. Bullish bias with conviction.

Notable Prints

#1
SLV 2026-07-10 $69.00 Call
Vol: 3,684
OI: 134
Vol/OI: 27.5x
IV: 50.4%
Notional: ~$357K
Intent: Bullish

Read-through: Long

#2
SLV 2026-06-15 $61.00 Call
Vol: 6,129
OI: 442
Vol/OI: 13.9x
IV: 49.2%
Notional: ~$766K
Intent: Bullish

Read-through: Short

#3
SLV 2026-06-12 $58.00 Call
Vol: 4,175
OI: 507
Vol/OI: 8.2x
IV: 66.0%
Notional: ~$1.2M
Intent: Speculative

Read-through: Very short

#4
SLV 2026-07-10 $67.00 Call
Vol: 3,695
OI: 450
Vol/OI: 8.2x
IV: 50.1%
Notional: ~$499K
Intent: Bullish

Read-through: Long

#5
SLV 2026-06-17 $56.00 Put
Vol: 4,113
OI: 538
Vol/OI: 7.6x
IV: 56.9%
Notional: ~$140K
Intent: Bearish

Read-through: Hedge

Institutional Positioning

Call additions: Near-dated calls at $58-$61 (Jun12/15) and $69 Jul10; heavy volume

Put additions: Out-of-money puts at $55-$56 (Jun15/17)

GEX/DEX consistency: Yes, positive GEX ($65.3M) and DEX (232.5M) align with bullish flow

OI clusters: Largest OI near $58-$61 strikes; $64C has 607 OI

Hedging evidence: Put buying in $55-$56 strikes suggests downside hedges

Max pain context: Spot below MP; bullish pinning expected near current levels

Signal vs Noise

~High volume in June calls is real signal from institutional accumulation
~Low OI on some prints may be noise from retail or short-term trades

Key Conclusions

📊Call additions outpace puts; GEX positive, consistent with bullish positioning
How to Use These Reports
This flow reflects the market close on June 11, 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.