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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 15, 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 spot 4.0% from MP; +1 VIX 16

Watch next session: Gamma flip level ($50); Far OTM put volume; VIX trend

Flow Summary

Net premium: -$77.6M bearish

P/C volume ratio: 0.45

P/C OI ratio: 0.51

Net premium negative, far OTM put hedging. But low put/call volume ratio and positive GEX suggest call demand and pinning. Mixed.

Notable Prints

SLV 2026-06-18 $95.00 Put

Vol: 14,940

OI: 101

Vol/OI: 147.9x

IV: 175.4%

Notional: ~$50.8M

Intent: Bearish speculation

Read-through: Expects sharp drop

SLV 2026-06-15 $64.00 Put

Vol: 7,166

OI: 238

Vol/OI: 30.1x

IV: 30.1%

Notional: ~$358K

Intent: Bearish hedge on expiry

Dual read: Possible closing

Read-through: Positioned for downside

SLV 2026-07-10 $75.00 Call

Vol: 8,615

OI: 310

Vol/OI: 27.8x

IV: 50.5%

Notional: ~$388K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SLV 2026-07-02 $78.00 Call

Vol: 4,738

OI: 253

Vol/OI: 18.7x

IV: 56.4%

Notional: ~$90K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SLV 2026-06-22 $66.00 Call

Vol: 2,724

OI: 175

Vol/OI: 15.6x

IV: 39.8%

Notional: ~$153K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Calls added at $64.5, $66, $75, $78 on high vol/oi ratios

Put additions: Large $95 put (14,940 vol, 147x OI) and $64 put (7,166 vol)

GEX/DEX consistency: Positive GEX ($169M) and DEX (229.5M shares) consistent with bullish gamma pinning

OI clusters: Largest put OI $64 (46k); scattered call OI at $64-$78

Hedging evidence: $95 put far OTM likely institutional tail hedge; $64 put for near-term protection

Max pain context: Spot above MP; gamma flip at $50; pinning expected near $64-$66

Signal vs Noise

~$95 put print is noise: far OTM hedge, not directional

~Call additions across strikes signal bullish accumulation

~Negative net premium but more calls than puts suggests bullish flow dominates

~Regime 'Mixed' flow reflects both hedging and speculation

Key Conclusions

🚀Call accumulation $64-$78 signals bullish positioning with positive GEX/DEX support

⚠️Massive $95 put (147x OI) is a tail hedge, not a bearish bet

🔍Spot above MP with mixed flow: calls dominate but put hedging present

How to Use These Reports

This flow reflects the market close on June 15, 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.