Home Options SLVReports

SLV

iShares Silver TrustClose $58.91EOD only

Max Pain

$61.00

Next expiry Jun 24, 2026

Expected Move

±$1.60

2.7% from close

Price Gap

+2.09

Distance to max pain

IV Rank

Low premium

P/C OI

0.52

Slightly call-heavy

Consensus

4.5/10

Downside lean

Published snapshot: Jun 22, 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 22, 2026 close

SLV Flow Report

Analysis based on market close June 23, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 7.1% from MP; +0.5 VIX 19

Watch next session: Monitor SLV for hold below $52 support; break accelerates downside.

Flow Summary

Net premium: -$66.4M bearish

P/C volume ratio: 0.72

P/C OI ratio: 0.51

Net negative flow -$66M with aggressive put buying at 52/53. Calls at 57-58 insufficient. High vol, spot below gamma flip favors downside.

Notable Prints

SLV 2026-06-24 $53.00 Put

Vol: 2,734

OI: 180

Vol/OI: 15.2x

IV: 53.5%

Notional: ~$30K

Intent: Bearish

Dual read: Hedge

Read-through: New put positions

SLV 2026-06-26 $52.00 Put

Vol: 4,980

OI: 444

Vol/OI: 11.2x

IV: 61.1%

Notional: ~$120K

Intent: Bearish

Dual read: Gamma hedge

Read-through: Aggressive put buying

SLV 2026-06-26 $58.00 Call

Vol: 1,232

OI: 131

Vol/OI: 9.4x

IV: 47.7%

Notional: ~$41K

Intent: Bullish

Dual read: Short covering

Read-through: Speculative call

SLV 2026-07-17 $55.50 Put

Vol: 8,979

OI: 1,016

Vol/OI: 8.8x

IV: 44.2%

Notional: ~$2.2M

Intent: Hedge

Dual read: Protective

Read-through: Large put volume

SLV 2026-06-26 $53.00 Put

Vol: 3,952

OI: 502

Vol/OI: 7.9x

IV: 57.8%

Notional: ~$158K

Intent: Bearish

Dual read: Closing

Read-through: Repeated put activity

Institutional Positioning

Call additions: Minor call buying $57-58, likely noise.

Put additions: Aggressive put buying at $53, $52, $55.5, $48 across weeks/months.

GEX/DEX consistency: Consistent: put flow -> MMs short gamma, long delta.

OI clusters: Put OI clustered at $52, $53, $55.5, $48.

Hedging evidence: Spread activity likely; collars around $55-$58.

Max pain context: MP ~$55; spot $50.3, below MP suggests upward pin.

Signal vs Noise

~Negative net premium ($66M) confirms bearish institutional flow.

~Call volume at $57-58 is small vs put volume, likely noise.

~Large put OI at $48 (Sept) is real tail hedge.

Key Conclusions

🐻Institutions aggressively accumulating puts below spot, expecting downside or hedging.

⚠️Negative gamma and positive delta amplify any move; high VIX adds risk.

How to Use These Reports

This flow reflects the market close on June 23, 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.