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SLV

iShares Silver TrustClose $72.15EOD only
Max Pain
$72.00
Next expiry Apr 22, 2026
Expected Move
±$2.25
3.1% from close
Price Gap
-0.15
Distance to max pain
IV Rank
0
Low premium
P/C OI
0.56
Slightly call-heavy
Consensus
6.0/10
Consensus signal
Published snapshot: Apr 20, 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
Apr 20, 2026 close
SLV AI Consensus Report
Analysis based on market close April 21, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.0

out of 10

6 because dealer gamma and skew alignment support a durable pin in the short run, but institutional flow and event/volatility tail risks can rapidly negate that edge — not low confidence but not ironclad either.

Where Perspectives Agree

Range-bound bullish: dealer short-gamma and concentrated front-month skew create pinning pressure that favors containment in the low- to mid- $60s through short-dated expiries, supporting modest bullish bias into resistance near $71–72.

Where They Diverge

Flow indicates pockets of institutional accumulation and one-way buy prints that could overwhelm dealer hedges and force an upside breakout, directly contradicting the pin/range thesis; theta wants to sell premium into elevated IV but that stance is undermined if a volatility spike or large directional block trades hit and rerate front-month IV higher.

Top Trade
via theta

Sell May 8 2026 $66/$64 put spread for credit (bull put spread), expected credit.

Key Risk

Break and hold below $64.70 (sustained trade < $64.70) triggers dealer gamma flip and a fast unwind of short-gamma hedges, accelerating downside toward ~$62.50 and invalidating the pin/range thesis.

How to Use These Reports
This ai consensus reflects the market close on April 21, 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.