SLV Options
SLV $48.64 · Updated Oct 26, 4:00 PM ET
SLV is at $48.64. The nearest expiration, Oct 28, 2026 (2 days out), lists 50 strikes, with 18,811 calls and 8,838 puts traded in the latest session. At-the-money implied volatility is 45.4%. The at-the-money straddle prices a move of about $1.31 (2.7%) by expiration.
SLV Options Chain
SLV is at $48.64. The nearest expiration, Oct 28, 2026 (2 days out), lists 50 strikes, with 18,811 calls and 8,838 puts traded in the latest session. At-the-money implied volatility is 45.4%. The at-the-money straddle prices a move of about $1.31 (2.7%) by expiration.
SLV Gamma Exposure (GEX)
SLV total dealer gamma exposure is -$30M across all listed expirations. Negative GEX means dealers are net short gamma; their hedging tends to amplify price moves. The gamma flip is $48.50, with spot 0.3% above it. The call wall is $50.00 and the put wall $45.00.
SLV Max Pain
SLV max pain for Oct 28, 2026 (2 days out) is $50.00, 2.8% above the current $48.64. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $53.00.
SLV Put/Call Ratio
Across every listed SLV expiration, the put/call ratio is 0.73 by volume and 0.39 by open interest. More calls than puts are trading. 1,090,209 puts and 2,791,289 calls are open in total.
SLV Implied Volatility
SLV at-the-money implied volatility is 45.4% for Oct 28, 2026 (2 days out). For Nov 27, 2026 it is 37.4%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
SLV Open Interest by Strike
Across all SLV expirations, the largest call open interest near the current $48.64 sits at the $55.00 strike (99,170 contracts) and the largest put open interest at $50.00 (125,241). 2,791,289 calls and 1,090,209 puts are open in total.
SLV Expected Move
The options market prices SLV to move about $1.31 (2.7%) by Oct 28, 2026, a range of $47.34 to $49.95. For Nov 27, 2026 (32 days out) the expected move is $4.30 (8.8%).