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SLV

iShares Silver TrustClose $49.34EOD only
Max Pain
$52.00
Next expiry Oct 23, 2026
Expected Move
±$1.03
2.1% from close
Price Gap
+2.66
Distance to max pain
IV Rank
10
Low premium
P/C OI
0.39
Slightly call-heavy
Consensus
6.5/10
Range bias
Published snapshot: Oct 22, 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 22, 2026 close
SLV Theta Report
Analysis based on market close June 9, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 9, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Selling put spreads near support
Invalidation: Spot closes below $54.76 or daily vol >70%
Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 7.8% from MP; +0.5 VIX 20

IV Environment

IV Regime
High
IV vs VIX
Avg IV 63.8% vs VIX 19.9% - premiums extremely rich
Favorable?
Yes

Term structure: Front-end IV peaks at 53.7% (3d) then decays to ~45%+; elevated near-term, suggesting event risk

📈IV/VTX ratio >3x: premium sellers heavily favored
⚠️Short-dated IV spike indicates potential binary event

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-21.4M)

Gamma flip: ~$50.00 — Approx — based on put OI concentration of 46,422 (15.3% below spot)

OI concentrations: Max pain $64 (6/10, 6/15); $68 (6/12); put OI 46.4k at $55 (15% below spot); call wall $70-$80

Verdict: Spot at $58.8, below max pain $64; gamma flip near $50; pin risk moderate-strong towards $64 if rally

Premium Opportunities

#1
Cash-secured put
Sell 2026-07-02 $55.00 cash-secured put
Sell the 2026-07-02 $55 put to collect premium with support at $54.76.
Credit: $1.14-$1.39
Max loss: $53.61
BE: $53.61
Mgmt: Close if spot breaks below $54.76 or IV collapses.

Risk Alerts

!High IV may lead to large swings
!Net dealer gamma negative -21.4M
!Spot 7.8% below MP, support at 54.76
!1d ATM IV 49.9% elevated
How to Use These Reports
This theta reflects the market close on June 9, 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.