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SLV

iShares Silver TrustClose $55.73EOD only

Max Pain

$60.00

Next expiry Jun 24, 2026

Expected Move

±$1.31

2.4% from close

Price Gap

+4.27

Distance to max pain

IV Rank

Low premium

P/C OI

0.51

Slightly call-heavy

Consensus

6.5/10

Bearish tilt

Published snapshot: Jun 23, 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 23, 2026 close

SLV Flow Report

Analysis based on market close June 24, 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 10.7% from MP; +0.5 VIX 19

Watch next session: $50; $55; $48

Flow Summary

Net premium: -$85.4M bearish

P/C volume ratio: 0.77

P/C OI ratio: 0.51

SLV bearish bias from large put unusual prints, negative gamma (-$52.8M), and spot below MP. Mixed call OI and volume limit conviction. Key level $50 for direction.

Notable Prints

SLV 2026-06-24 $51.00 Put

Vol: 14,258

OI: 206

Vol/OI: 69.2x

IV: 18.0%

Notional: ~$14K

Intent: Close short puts or open lottery

Dual read: Opening near worthless puts for downside

Read-through: Neutral to bearish

SLV 2026-12-18 $100.00 Call

Vol: 12,625

OI: 207

Vol/OI: 61.0x

IV: 61.5%

Notional: ~$1.0M

Intent: Bullish lottery speculation

Dual read: Hedge or leveraged upside

Read-through: Bullish

SLV 2026-07-31 $45.00 Put

Vol: 5,066

OI: 208

Vol/OI: 24.4x

IV: 53.9%

Notional: ~$507K

Intent: Bearish hedge or speculation

Read-through: Bearish

SLV 2026-11-20 $45.00 Put

Vol: 4,479

OI: 211

Vol/OI: 21.2x

IV: 44.0%

Notional: ~$1.2M

Intent: Bearish view

Dual read: Hedging

Read-through: Bearish

SLV 2027-03-19 $30.00 Put

Vol: 10,394

OI: 519

Vol/OI: 20.0x

IV: 46.3%

Notional: ~$603K

Intent: Tail risk hedge

Dual read: Speculative bearish

Read-through: Bearish

Institutional Positioning

Call additions: Long-dated calls at $100, $135, $62, $55 strikes

Put additions: Short-dated puts at $51, $52; longer-dated puts at $45, $30

GEX/DEX consistency: Mixed: negative GEX vs positive DEX

OI clusters: Major put OI ~$45-$50 zone; call OI at high strikes

Hedging evidence: Put additions near term suggest hedging

Max pain context: Spot below MP; gamma flip at $50

Signal vs Noise

~Large vol/OI ratio puts at $51 and $30 are signal

~Long-dated call buying is signal

~High VIX and mixed flow are context

Key Conclusions

🔍Institutions hedge downside near $50 and add long-dated upside calls

How to Use These Reports

This flow reflects the market close on June 24, 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.