thetaOwl

SLV

iShares Silver TrustClose $63.47EOD only
Max Pain
$63.00
Next expiry Jun 17, 2026
Expected Move
±$1.97
3.1% from close
Price Gap
-0.47
Distance to max pain
IV Rank
76
High premium
P/C OI
0.51
Slightly call-heavy
Consensus
5.5/10
Bullish tilt
Published snapshot: Jun 15, 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 15, 2026 close
SLV Flow Report
Analysis based on market close June 16, 2026

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

Flow Verdict

BiasMixed
Confirmation: Spot holds above $63.5 and call volume remains elevated.
Invalidation: Spot breaks below $62.5 or put OI spikes above 50k.
Confidence:
7 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.2% from MP; +1 VIX 16

Watch next session: 63; 64; 65

Flow Summary

Net premium: -$115.1M bearish

P/C volume ratio: 0.64

P/C OI ratio: 0.51

SLV shows mixed flow. Confirmation: spot holds above $63.5 with elevated call volume. Invalidation: spot below $62.5 or put OI spike. Key levels: 63, 64, 65.

Notable Prints

#1
SLV 2026-06-18 $95.00 Put
Vol: 14,940
OI: 101
Vol/OI: 147.9x
IV: 168.8%
Notional: ~$50.8M
Intent: Hedge

Read-through: Deep OTM

#2
SLV 2026-06-17 $63.00 Put
Vol: 3,258
OI: 644
Vol/OI: 5.1x
IV: 40.6%
Notional: ~$189K
Intent: Put

Read-through: Large vol

#3
SLV 2026-06-26 $64.00 Call
Vol: 12,501
OI: 2,693
Vol/OI: 4.6x
IV: 42.6%
Notional: ~$1.9M
Intent: Call

Read-through: Near-term

#4
SLV 2026-06-17 $64.00 Call
Vol: 4,073
OI: 969
Vol/OI: 4.2x
IV: 39.1%
Notional: ~$171K
Intent: Call

Read-through: Same strike

#5
SLV 2026-07-17 $86.00 Call
Vol: 4,064
OI: 1,033
Vol/OI: 3.9x
IV: 58.7%
Notional: ~$85K
Intent: Call

Read-through: Long-dated

Institutional Positioning

Call additions: Calls at 64, 63.5, 65, 86 (high vol/OI ratio up to 4.6)

Put additions: Heavy put buying at 95 (14940 vol, 147.9 ratio), 63, 97, 105

GEX/DEX consistency: GEX +$115M bullish, DEX +228M shares, but net premium -$115M and put volume ratio 0.64 signal mixed flows

OI clusters: Put OI concentration 45k (21.1% below spot); notable call OI at 64-65

Hedging evidence: OTM puts (95,97,105) with high IV suggest tail-risk hedging or speculative

Max pain context: Spot at max pain; pinning supported by GEX positive and single-strike gamma flip near 50

Signal vs Noise

~Real: Net premium negative, but GEX positive and spot near MP support pinning
~Noise: 95 put with 147.9 vol/oi likely illiquid print; ignore

Key Conclusions

🔒Spot pinned to max pain; GEX positive suggests dealers buy dips.
⚠️Heavy put premium (95 strike) signals downside insurance, but IV extreme (168%) may be noise.
How to Use These Reports
This flow reflects the market close on June 16, 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.