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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

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 12, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.3% from MP; +1 VIX 18

Watch next session: SLV 2026-06-12 $61.00 Call; SLV 2026-06-12 $61.00 Put

Flow Summary

Net premium: -$106.5M bearish

P/C volume ratio: 0.51

P/C OI ratio: 0.52

Mixed bias with gamma pinning. Large put buying at deep OTM strikes indicates hedging. Net premium negative but low put/call ratios. Pinning likely near $61.

Notable Prints

SLV 2026-06-18 $95.00 Put

Vol: 14,940

OI: 101

Vol/OI: 147.9x

IV: 132.8%

Notional: ~$50.8M

Intent: Bearish

Read-through: short

SLV 2026-06-26 $54.00 Put

Vol: 1,892

OI: 156

Vol/OI: 12.1x

IV: 52.2%

Notional: ~$64K

Intent: Bearish

Read-through: down

SLV 2026-06-17 $59.00 Put

Vol: 4,704

OI: 584

Vol/OI: 8.1x

IV: 45.8%

Notional: ~$249K

Intent: Hedge

Read-through: support

SLV 2026-06-12 $61.00 Put

Vol: 5,107

OI: 686

Vol/OI: 7.4x

IV: 7.0%

Notional: ~$5K

Intent: Close

Read-through: expire

SLV 2026-06-12 $61.50 Call

Vol: 13,100

OI: 2,152

Vol/OI: 6.1x

IV: 10.0%

Notional: ~$39K

Intent: Close

Read-through: expire

Institutional Positioning

Call additions: Intraweek $61/$61.5 calls vol/OI~6; LEAPS $135C added. Net premium negative suggests call selling by institutions but flow shows buying near MP.

Put additions: Downside puts added: $54P, $59P, $61P, $57P, $47P vol/OI>5; deep OTM $95P (147.9x) noise.

GEX/DEX consistency: GEX +$111.6M, DEX +228M shares both positive, consistent with bullish bias. Net premium -$106M contradicts, likely from existing positions.

OI clusters: Largest OI: $61C (2,758), $61.5C (2,152), $47P (2,442). Gamma flip near $50. Put OI concentration 18.4% below spot.

Hedging evidence: Downside puts at $47-$61 suggest tail hedging; deep OTM $95P likely speculative.

Max pain context: Spot at MP; regime 'At' indicates pinning. GEX positive supports pinning to MP.

Signal vs Noise

~Signal: Intraweek call buying at $61/$61.5 and downside put accumulation across strikes (hedging).

~Noise: Outlier $95P (147.9x OI) and net premium negative reflect mixed institutional activity, not directional signal.

Key Conclusions

🟢Bullish call accumulation at $61/$61.5 near MP aligns with positive GEX; institutions pinning.

🔴Widespread put hedging across strikes $47-$61 indicates downside protection or tail risk.

⚠️Anomalous $95P (147.9x OI) is noise; likely sweep or error.

How to Use These Reports

This flow reflects the market close on June 12, 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.