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SLV

iShares Silver TrustClose $59.51EOD only

Max Pain

$63.50

Next expiry Jun 22, 2026

Expected Move

±$1.87

3.1% from close

Price Gap

+3.99

Distance to max pain

IV Rank

100

High premium

P/C OI

0.49

Slightly call-heavy

Consensus

5.5/10

Range bias

Published snapshot: Jun 18, 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 18, 2026 close

SLV Flow Report

Analysis based on market close June 18, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 spot 0.9% from MP; +1 VIX 16

Watch next session: $56; $55; $60

Flow Summary

Net premium: -$71.0M bearish

P/C volume ratio: 0.71

P/C OI ratio: 0.49

SLV flow mixed with net selling pressure (-$71M). Unusual put activity dominates, notably $56 and $55 strikes, signaling bearish hedging. Negative GEX (-$21.7M) amplifies downside risk. Spot at gamma flip $50, with high confidence in bearish bias.

Notable Prints

SLV 2026-06-24 $65.50 Call

Vol: 5,221

OI: 138

Vol/OI: 37.8x

IV: 46.5%

Notional: ~$57K

Intent: Bullish speculation

Dual read: Covering shorts

Read-through: High vol/oi, OTM call demand

SLV 2026-06-24 $56.00 Put

Vol: 5,617

OI: 284

Vol/OI: 19.8x

IV: 51.5%

Notional: ~$253K

Intent: Bearish put buying

Dual read: Closing short puts

Read-through: Put activity at 56

SLV 2026-06-22 $50.00 Put

Vol: 1,912

OI: 151

Vol/OI: 12.7x

IV: 67.2%

Notional: ~$2K

Intent: Crash hedge

Dual read: Closing

Read-through: Deep OTM put

SLV 2026-06-26 $56.00 Put

Vol: 5,317

OI: 504

Vol/OI: 10.6x

IV: 50.8%

Notional: ~$303K

Intent: Put buying

Dual read: Spread

Read-through: 56 put demand

SLV 2026-09-30 $51.50 Put

Vol: 4,814

OI: 480

Vol/OI: 10.0x

IV: 43.2%

Notional: ~$972K

Intent: Bearish position/hedge

Dual read: Rolling

Read-through: Long-dated put

Institutional Positioning

Call additions: Light speculative OTM calls (65.5C, 60C) with low OI

Put additions: Heavy put accumulation (56P, 55P, 50P) with high vol/OI ratios

GEX/DEX consistency: Mixed: GEX negative, DEX positive; dealers short gamma but long delta

OI clusters: Puts at $55-$56, calls at $60; 45K OI 16% below spot

Hedging evidence: Put buying near spot suggests collars/protective puts

Max pain context: Spot near max pain ~$55.5; regime 'At' supports pinning

Signal vs Noise

~Signal: Heavy put OI at 55-56, negative net premium, negative gamma

~Noise: Low OI in far OTM calls, VIX 16 but not extreme

Key Conclusions

🐻Institutions adding puts heavily at 55-56; bearish hedging

⚠️Negative gamma amplifies downside risk; watch MP pin

➡️DEX bull supports, but put flow dominates; neutral bias

How to Use These Reports

This flow reflects the market close on June 18, 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.