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SLV

iShares Silver TrustClose $63.47EOD only
Max Pain
$63.00
Next expiry Jun 17, 2026
Expected Move
±$1.97
3.1% from close
Price Gap
-0.47
Distance to max pain
IV Rank
76
High premium
P/C OI
0.51
Slightly call-heavy
Consensus
5.5/10
Bullish tilt
Published snapshot: Jun 15, 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 15, 2026 close
SLV Theta Report
Analysis based on market close June 16, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness6 / 10
Sizing: Conservative
Primary: Iron condor: short call spread above $70, short put spread below $50
Invalidation: Spot breaks below $50 or above $70
Confidence:
7 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.2% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
IV 59.5% vs VIX 16.4, extreme premium
Favorable?
Yes

Term structure: Front-end spike 2-dte; backwardated overall

📊IV at 59.5% vs VIX 16.4, extreme premium pricing
📌Pinning gamma at $64 OI wall; spot near max pain
📈Term structure shows front-end spike on 2-dte options

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+115.2M)

Gamma flip: ~$50.00 — Approx — based on put OI concentration of 45,037 (21.1% below spot)

OI concentrations: Max pain $64; call wall $70-$90; put floor $50

Verdict: Spot near pin level, elevated pin risk from concentrated OI

Premium Opportunities

#1
Iron condor
Sell 2026-07-17 $60.00/$59.00 put wing and $67.00/$68.00 call wing
Sells premium with defined risk; IV 59.5% vs VIX 16.4 offers extreme premium.
Credit: $0.47-$0.58
Max loss: $0.42
BE: 59.42 / 67.58
Mgmt: Close at 50% max gain or 21 DTE; adjust if spot nears $60 or $67.

Risk Alerts

!Front-end IV spike indicates event risk
!Pinning gamma may cause rapid delta shifts
!Spot near max pain at $64
How to Use These Reports
This theta reflects the market close on June 16, 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.