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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 22, 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 5.0% from MP; +1 VIX 17

Watch next session: $59 put; $57 put; $75 call

Flow Summary

Net premium: -$86.7M bearish

P/C volume ratio: 0.59

P/C OI ratio: 0.52

Heavy put volume dominates unusual activity, especially near-term strikes, despite higher overall call volume. Net premium negative, bearish flow. GEX positive pins spot near $50, but aggressive put buying suggests downside hedging. Mixed bias with bearish lean.

Notable Prints

SLV 2026-08-21 $53.00 Put

Vol: 4,736

OI: 110

Vol/OI: 43.0x

IV: 43.7%

Notional: ~$781K

Intent: Bearish bet or hedge

Dual read: Possible put spread

Read-through: Expect decline to $53

SLV 2026-07-10 $53.50 Put

Vol: 4,993

OI: 118

Vol/OI: 42.3x

IV: 48.6%

Notional: ~$300K

Intent: Aggressive put buying

Dual read: Hedging short spot

Read-through: Short-term bearish view

SLV 2026-06-22 $59.00 Put

Vol: 9,503

OI: 721

Vol/OI: 13.2x

IV: 12.3%

Notional: ~$86K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SLV 2026-06-22 $59.50 Put

Vol: 5,696

OI: 446

Vol/OI: 12.8x

IV: 29.1%

Notional: ~$273K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SLV 2026-07-10 $57.00 Put

Vol: 1,481

OI: 120

Vol/OI: 12.3x

IV: 43.0%

Notional: ~$200K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Long-dated $60 and $75 calls added.

Put additions: Aggressive puts at $53, $53.50, $57, $59 added.

GEX/DEX consistency: GEX/DEX both positive but net premium negative; bullish gex vs bearish flow.

OI clusters: 69 put OI at $59 (721), call OI at $60 (433).

Hedging evidence: Widespread put hedging across strikes from $48.50 to $59.

Max pain context: Spot below max pain; pinning expected near $55-57.

Signal vs Noise

~Large put vol at $53-53.50 is real downside hedge.

~0DTE $59 puts high vol but low OI is noise.

~$75 call low OI speculative; not institutional.

Key Conclusions

🔻Aggressive put additions signal bearish hedge.

📈Long-dated calls suggest medium-term bullish bias.

⚖️Mixed flow with positive GEX; market uncertain.

How to Use These Reports

This flow reflects the market close on June 22, 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.