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SLV

iShares Silver TrustClose $57.50EOD only

Max Pain

$54.00

Next expiry Aug 10, 2026

Expected Move

±$1.27

2.2% from close

Price Gap

-3.50

Distance to max pain

IV Rank

Low premium

P/C OI

0.47

Slightly call-heavy

Consensus

6.5/10

Range bias

Published snapshot: Aug 7, 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

Aug 7, 2026 close

SLV Flow Report

Analysis based on market close June 25, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 25, 2026. A newer flow report is available for June 29, 2026.

View latest report

Flow Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 8.1% from MP; +0.5 VIX 19

Watch next session: Gamma Flip $50; Put OI Concentration $45.69

Flow Summary

Net premium: -$243.3M bearish

P/C volume ratio: 0.87

P/C OI ratio: 0.50

Negative gamma and dealer long delta from put selling imply downside momentum. Put premium dominates flow despite higher call volume. Large ITM put buys at $49 and $50.5 reinforce bearish bets. Speculative call buying at OTM strikes is less urgent. Spot below max pain supports drift lower.

Notable Prints

SLV 2026-07-24 $62.50 Call

Vol: 4,838

OI: 290

Vol/OI: 16.7x

IV: 51.7%

Notional: ~$223K

Intent: Bullish OTM call buying

Read-through: Bullish

SLV 2026-07-17 $53.00 Call

Vol: 8,528

OI: 797

Vol/OI: 10.7x

IV: 49.5%

Notional: ~$2.0M

Intent: Call accumulation

Read-through: Bullish

SLV 2026-07-17 $50.50 Put

Vol: 6,177

OI: 802

Vol/OI: 7.7x

IV: 49.6%

Notional: ~$1.0M

Intent: Put buying

Read-through: Bearish

SLV 2026-06-29 $52.50 Call

Vol: 997

OI: 145

Vol/OI: 6.9x

IV: 44.9%

Notional: ~$94K

Intent: Short-term call buying

Read-through: Bullish

SLV 2026-07-17 $49.00 Put

Vol: 7,664

OI: 1,130

Vol/OI: 6.8x

IV: 50.2%

Notional: ~$920K

Intent: Put buying

Read-through: Bearish

Institutional Positioning

Call additions: Calls at 53,52.5,55,58,62.5 high vol/OI

Put additions: Puts at 50.5,49,45,52 large prints

GEX/DEX consistency: GEX -28.5M DEX +187.9M mixed dealer stance

OI clusters: Put OI 45.6k at 50, gamma flip at 50

Hedging evidence: Large puts at 45,49 hedging long exposure

Max pain context: Spot below MP, MP ~55, downside pressure

Signal vs Noise

~Signal: 11k put vol at 45 deep OTM

~Signal: 8.5k call vol at 53 ATM

~Noise: 4.8k call vol at 62.5 far OTM

Key Conclusions

🔍Large put hedging at 45,49 and call buying at 53 suggest range-bound expectations with downside protection

How to Use These Reports

This flow reflects the market close on June 25, 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.