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SLV

iShares Silver TrustClose $53.45EOD only
Max Pain
$55.00
Next expiry Oct 9, 2026
Expected Move
±$0.92
1.7% from close
Price Gap
+1.55
Distance to max pain
IV Rank
4
Low premium
P/C OI
0.40
Slightly call-heavy
Consensus
6.5/10
Range bias
Published snapshot: Oct 8, 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
Oct 8, 2026 close
SLV Theta Report
Analysis based on market close May 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 26, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness9 / 10
Sizing: Aggressive
Primary: Sell put credit spreads
Invalidation: Break below 64.06 support or VIX above 25
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.4% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
IV at 59.4% is 3.5x VIX at 17.0%, rich for premium sellers
Favorable?
Yes

Term structure: Short-term IV steep (1d 38.7% to 10d 46.6%), then flattens near 47-48% across tenors

📈IV/VIX ratio extremely high, attractive for short premium
📍Gamma flip at 50 (put OI wall), $69-70 pins likely

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+224.6M)

Gamma flip: ~$50.00 — Approx — based on put OI concentration of 46,378 (28.3% below spot)

OI concentrations: Max pain pins: $70 (1d), $69 (3d), $68 (6d). Put OI 28.3% below spot at $50; call wall $75-$100

Verdict: Pinning risk elevated near $70 strike, with strong put support at $64.06

Premium Opportunities

#1
Put credit spread
Sell 2026-06-18 $66.00/$65.00 put spread
Captures rich premium via out-of-the-money put spread above key support.
Credit: $0.27-$0.32
Max loss: $0.68
BE: $65.68
Mgmt: Close at 50% max profit or before earnings if held.

Risk Alerts

!High IV may collapse post-event
!Spot near max pain $70, pinning risk
How to Use These Reports
This theta reflects the market close on May 26, 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.