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SLV

iShares Silver TrustClose $52.93EOD only
Max Pain
$52.50
Next expiry Jul 29, 2026
Expected Move
±$1.49
2.8% from close
Price Gap
-0.43
Distance to max pain
IV Rank
2
Low premium
P/C OI
0.49
Slightly call-heavy
Consensus
6.5/10
Range bias
Published snapshot: Jul 27, 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
Jul 27, 2026 close
SLV Theta Report
Analysis based on market close June 11, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 11, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Short Put Credit Spread
Invalidation: Break below $55.82 support or above $65.81 resistance invalidates pin thesis.
Confidence:
6 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.9% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
IV (65%) significantly above VIX (19.44) – elevated vol.
Favorable?
Yes

Term structure: Short-term skew extreme (1d call 104%, put 73%); contango to 4d then flat.

📈High IV vs VIX favors premium selling.
⚠️Short-term skew warns of tail risk.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+65.3M)

Gamma flip: ~$50.00 — Approx — based on put OI concentration of 46,356 (17.8% below spot)

OI concentrations: Max pain $62-$64; call wall $70-$90; put floor $50-$55; gamma flip $50.

Verdict: Pinning likely at $62-$64 with dealer long gamma $65.3M.

Premium Opportunities

#1
Iron condor
Sell 2026-07-17 $56.00/$55.50 put wing and $62.00/$62.50 call wing
Sells put wing $56/$55.50 and call wing $62/$62.50 to capture IV contraction and pinning.
Credit: $0.31-$0.38
Max loss: $0.12
BE: 55.62 / 62.38
Mgmt: Monitor spot; adjust wings if break below $55.82 or above $65.81. Close early if IV spikes.

Risk Alerts

!Gamma flip at $50 if spot declines.
!High IV skew amplifies tail risk in short-dated options.
How to Use These Reports
This theta reflects the market close on June 11, 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.