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SLV

iShares Silver TrustClose $53.28EOD only

Max Pain

$53.00

Next expiry Jun 29, 2026

Expected Move

±$0.51

0.9% from close

Price Gap

-0.28

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.49

Slightly call-heavy

Consensus

6.5/10

Range bias

Published snapshot: Jun 26, 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 26, 2026 close

SLV Flow Report

Analysis based on market close June 29, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +0.5 spot 1.5% from MP; +1 VIX 18

Watch next session: Monitor spot action near gamma flip $50; Watch for shift in call/put flow across weekly expiries.

Flow Summary

Net premium: -$98.4M bearish

P/C volume ratio: 0.82

P/C OI ratio: 0.50

SLV shows net negative premium ($98M) with mixed regime but strong GEX/flow alignment. Dealers short gamma (-$7.8M) and long delta (+183M shares). Unusual put prints at $52/51.5 and call prints at $52.5/53 suggest aggressive selling of premium, likely short volatility. High VIX (17.6) supports bearish tilt. Key level: $50 gamma flip.

Notable Prints

SLV 2026-06-29 $52.00 Put

Vol: 7,217

OI: 462

Vol/OI: 15.6x

IV: 15.6%

Notional: ~$7K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SLV 2026-06-29 $52.50 Put

Vol: 8,494

OI: 691

Vol/OI: 12.3x

IV: 7.2%

Notional: ~$8K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SLV 2026-06-29 $52.50 Call

Vol: 6,376

OI: 613

Vol/OI: 10.4x

IV: 9.8%

Notional: ~$83K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SLV 2026-06-29 $53.00 Call

Vol: 11,006

OI: 1,090

Vol/OI: 10.1x

IV: 8.6%

Notional: ~$11K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SLV 2026-06-29 $52.00 Call

Vol: 1,577

OI: 197

Vol/OI: 8.0x

IV: 20.3%

Notional: ~$110K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: 52.5C, 53C, 52C (0DTE); 54C Sep

Put additions: 52P, 52.5P, 51.5P (0DTE); 52P 7/1

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

OI clusters: 52-53 strikes heaviest OI

Hedging evidence: Put/call at same strikes suggests collars

Max pain context: Spot ~51.5, below MP near 52.5

Signal vs Noise

~0DTE prints at 52-53 likely noise (expiration day), but 7/1 put and 7/10 call signal

~Negative net premium (-$98M) signal of bearish flow

Key Conclusions

⚖️Mixed flow: bearish puts vs bullish calls; net premium negative

📉Spot below max pain; put OI concentration 5.1% below spot

How to Use These Reports

This flow reflects the market close on June 29, 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.