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SLV

iShares Silver TrustClose $66.98EOD only

Max Pain

$68.00

Next expiry Jun 5, 2026

Expected Move

±$1.22

1.8% from close

Price Gap

+1.02

Distance to max pain

IV Rank

Low premium

P/C OI

0.53

Slightly call-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: Jun 4, 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 4, 2026 close

SLV Theta Report

Analysis based on market close June 5, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

4.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -1 spot 8.1% from MP; +0.5 VIX 22

IV Environment

IV Regime

High

IV vs VIX

Avg IV 62% vs VIX 21.5, ratio 2.9

Favorable?

Yes

Term structure: 0DTE ATM 16.5% but skew extreme; 3d+ ~40-46% flat

📈High IV premium; call skew extreme on expiry

⚠️Max pain $67 pinning; spot $57.33 far below

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+1.4M)

Gamma flip: ~$50.00 — Approx — based on put OI concentration of 46,381 (18.8% below spot)

OI concentrations: Put OI 46k at $50 (18.8% below spot); call wall $70-$90

Verdict: Spot below max pain; put OI floor, call wall; GEX positive supports pinning but caution on short puts near support

Premium Opportunities

Put credit spread

Sell 2026-06-26 $59.00/$55.00 put spread

Sell $59/$55 put spread to collect premium with upside from current spot.

Credit: $0.87-$1.07

Max loss: $2.93

BE: $57.93

Mgmt: Monitor $57.33 support; close if breached or early profit.

Short strangle

Sell 2026-06-26 $59.00 put + sell $66.00 call

Sell $59 put and $66 call to collect wide premium benefiting from time decay.

Credit: $2.32-$2.84

Max loss: Unlimited

BE: 56.16 / 68.84

Mgmt: Manage delta; roll untested side; set stop loss at 2x credit received.

Risk Alerts

!Front-week IV skew from expiration distorts term structure

!Spot far below max pain; rally potential but also gamma flip at $50

!Net dealer premium negative -$202M suggests hedging pressure

How to Use These Reports

This theta reflects the market close on June 5, 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.