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SLV

iShares Silver TrustClose $58.12EOD only
Max Pain
$59.00
Next expiry Sep 14, 2026
Expected Move
±$1.05
1.8% from close
Price Gap
+0.88
Distance to max pain
IV Rank
13
Low premium
P/C OI
0.45
Slightly call-heavy
Consensus
6.5/10
Range bias
Published snapshot: Sep 11, 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
Sep 11, 2026 close
SLV Theta Report
Analysis based on market close June 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 15, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness6 / 10
Sizing: Conservative
Primary: Short puts at $60 strike
Invalidation: Break below $59 or above $65.5
Confidence:
5.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 4.0% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
IV 63% vs VIX 16: elevated, rich premium for sellers
Favorable?
Yes

Term structure: Front-end spike; back-end flat near 44%

🔥Rich premiums: IV 63% vs VIX 16, favor short-dated selling
⚠️Front-end skew: 0DTE calls 112%, puts 72% - event risk

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+169.0M)

Gamma flip: ~$50.00 — Approx — based on put OI concentration of 46,361 (21.2% below spot)

OI concentrations: Put floor $50-$50; call wall $70-$90; max pain $61/$63/$60

Verdict: Pinning to $61-$63 zone; downside support from put OI

Premium Opportunities

#1
Put credit spread
Sell 2026-07-10 $59.00/$56.50 put spread
Sell $59 put, buy $56.50 put; profits from time decay and volatility contraction.
Credit: $0.42-$0.51
Max loss: $1.99
BE: $58.49
Mgmt: Exit if SLV breaks $61; manage near expiration to avoid pin risk.
#2
Iron condor
Sell 2026-07-10 $59.00/$56.50 put wing and $69.50/$73.00 call wing
Sell $59 put and $69.50 call, buy wings; profits if SLV stays in $59-$69.50.
Credit: $0.79-$0.97
Max loss: $2.53
BE: 58.03 / 70.47
Mgmt: Adjust if SLV nears short strikes; close at 50% max gain or before expiration.

Risk Alerts

!High IV due to event; avoid holding through expiration near $61 pin
!Mixed flow and GEX contradict; beware gap moves
How to Use These Reports
This theta reflects the market close on June 15, 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.