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SLV

iShares Silver TrustClose $51.78EOD only

Max Pain

$62.00

Next expiry Jun 26, 2026

Expected Move

±$2.05

4.0% from close

Price Gap

+10.22

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.51

Slightly call-heavy

Consensus

6.5/10

Bearish tilt

Published snapshot: Jun 24, 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 24, 2026 close

SLV Theta Report

Analysis based on market close June 25, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 8.1% from MP; +0.5 VIX 19

IV Environment

IV Regime

High

IV vs VIX

IV at 72% vs VIX 19, significant premium.

Favorable?

Term structure: Short-term OTM IV elevated (1d call IV 177%); term structure slightly backwardated in front week, then flattish.

⚠️IV 72% vs VIX 19: elevated implied volatility suggests risk events priced in.

📉GEX -$28.5M: dealers short gamma, increasing sensitivity to spot moves.

🎯Spot ~$52.4 vs max pain $57: potential upward drift but high uncertainty.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-28.5M)

Gamma flip: ~$50.00 — Approx — based on put OI concentration of 45,685 (4.5% below spot)

OI concentrations: Put OI concentration at $50 (4.5% below spot); call OI wall $60-$75. Max pain pins: $57 (6/26), $55 (6/29), $57 (6/30).

Verdict: Spot below max pain, dealer short gamma; pin risk elevated if spot drifts toward $55-$57 zone.

Premium Opportunities

Call diagonal

Sell 2026-07-31 $55.00 call / buy 2026-12-18 $62.00 call

Sell near-term high IV call, buy longer-dated call to capture premium decay while limiting upside risk.

Debit: $1.50-$1.84

Max loss: $1.84

BE: Path-dependent

Mgmt: Monitor spot; close if spot breaks below $50 or above $62.

Risk Alerts

!High IV relative to VIX implies near-term volatility catalyst.

!Negative dealer gamma (GEX -$28.5M) can exacerbate directional moves.

!Spot 8.1% below max pain and gamma flip at $50; monitor support.

How to Use These Reports

This theta reflects the market close on June 25, 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.