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SLV

iShares Silver TrustClose $63.39EOD only
Max Pain
$63.50
Next expiry Jun 17, 2026
Expected Move
±$1.47
2.3% from close
Price Gap
+0.11
Distance to max pain
IV Rank
85
High premium
P/C OI
0.51
Slightly call-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Jun 16, 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 16, 2026 close
SLV Theta Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Iron condor
Invalidation: Sustained move beyond guardrails ($58.56/$62.66) or breach of gamma flip ($50)
Confidence:
5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 4.6% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
Avg IV 67.8% | VIX 18.4 => IV premium extreme
Favorable?
Yes

Term structure: Front-end skew extreme: 1DTE calls 200% IV; term structure steep, backwardation from 0DTE

🔥1DTE call IV 200% indicates massive demand for upside protection/lemons
📌Gamma pinning active, dealer short gamma near spot

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+40.2M)

Gamma flip: ~$50.00 — Approx — based on put OI concentration of 44,971 (17.5% below spot)

OI concentrations: Put OI concentration 44,971 contracts 17.5% below spot; call OI wall $66-$90; put floor $50-$50

Verdict: High pin risk due to gamma flip at $50 and max pain $64, spot below MP, dealer short gamma.

Premium Opportunities

#1
Short strangle
Sell 2026-07-17 $56.50 put + sell $63.50 call
Sells OTM put and call to capture high IV.
Credit: $3.13-$3.83
Max loss: Unlimited
BE: 52.67 / 67.33
Mgmt: Monitor gamma flip at $50 and guardrails; close if spot approaches strikes.
#2
Put credit spread
Sell 2026-07-10 $56.00/$53.00 put spread
Sells put spread to collect premium while capping risk.
Credit: $0.39-$0.47
Max loss: $2.53
BE: $55.53
Mgmt: Exit if spot breaks below short strike.
#3
Call diagonal
Sell 2026-07-10 $65.50 call / buy 2026-08-21 $70.00 call
Sells near-term call, buys longer-term call to profit from time decay.
Debit: $0.74-$0.91
Max loss: $0.91
BE: Path-dependent
Mgmt: Roll if short leg becomes ATM.

Risk Alerts

!1DTE extreme skew may imply tail risk
!Gamma flip at $50 if spot declines
!4.6% spot distance from max pain could snap
How to Use These Reports
This theta reflects the market close on June 17, 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.