thetaOwl
HomeOptionsSLVReports

SLV

iShares Silver TrustClose $68.36EOD only
Max Pain
$69.00
Next expiry May 29, 2026
Expected Move
±$1.49
2.2% from close
Price Gap
+0.64
Distance to max pain
IV Rank
4
Low premium
P/C OI
0.53
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: May 28, 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
May 28, 2026 close
SLV AI Consensus Report
Analysis based on market close April 13, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 13, 2026. A newer ai consensus report is available for May 26, 2026.

View latest report
Conviction
7.0

out of 10

Score 7 because structural dealer gamma and a clear pin provide a reliable near-term bias, but conviction is capped by two offsets: concentrated institutional flow that could materially reprice levels and the concentration of risk in front-week expiries (binary gamma risk) which can rapidly flip profitable short-theta trades.

Where Perspectives Agree

Market is biased neutral-to-bullish with a strong short-term pin near $68–$70 that supports collecting premium against downside support; dealer gamma and current positioning favor limited near-term downside and an income-first approach into the front-week expiries.

Where They Diverge

Flow signals of institutional accumulation and aggressive call prints conflict with simple short-put income: sustained buying pressure would lift spot and steepen skew, turning put-selling into a losing short-gamma stance. Additionally, if flow is primarily one-sided buying of long-dated calls, that raises the chance of a vol-term reprice that undermines short-dated theta trades.

Top Trade
via theta

Sell 2026-04-20 $66/$62 put spread for a credit (~$0.30) — defined-risk premium sale that captures the pin while limiting downside into next-week expiry.

Key Risk

A sustained break below $66.12 (the 2‑day EM lower) triggered by a rapid sell-off or a liquidity vacuum — this flips dealer positioning, removes the pin, and accelerates downside toward $64.53–$61.74, invalidating the short-put/income thesis.

How to Use These Reports
This ai consensus reflects the market close on April 13, 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.