# SLV: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/SLV
Data through: 2026-10-16 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 51.51 |
| Delta neutral (USD/share) | 52.77 |
| Gamma neutral (USD/share) | 49.08 |
| Gamma max (USD/share) | 62.48 |
| Open interest (contracts) | 5,075,988 |
| Nearest-expiration max pain (USD/share) | 51.50 (2026-10-19) |
| All-expiration max pain (USD/share) | 55.00 |
| Net gamma exposure | 69,792,349 |
| Confirmed GEX flip (USD/share) | 49.08 |
| Call wall (USD/share) | 60.00 |
| Put wall (USD/share) | 50.00 |
| Put/call open-interest ratio | 0.41 |
| Options catalyst-intensity score (0–100) | 32.5 |
| Options directional score (-100 to +100) | 2.2 |
| IV rank | 32.8 |
| Front-minus-back IV | -2.5 pp |
| Front 25-delta risk reversal | 5.2 pp |
| Call OI change, 1 session | -469,682 contracts · -11.5% |
| Put OI change, 1 session | -165,647 contracts · -10.1% |
| Call minus put OI growth, 1 session | -1.4 pp |
| Call OI change, 5 sessions | -261,500 contracts · -6.8% |
| Put OI change, 5 sessions | -112,866 contracts · -7.1% |
| Call minus put OI growth, 5 sessions | +0.4 pp |
| Daily call OI change surprise | -2.08σ (252 prior changes) |
| Daily put OI change surprise | -0.84σ (252 prior changes) |
| Daily call-minus-put growth surprise | -0.44σ (252 prior changes) |
| Daily open interest change (contracts) | -635,329 |
| Daily open interest change z-score (prior 252) | -1.58σ (252 prior changes) |
| Gamma max distance from close | +21.3% |
| Delta neutral distance from close | +2.4% |
| Prior-year sessions closer to gamma max | 80.6% of 252 |
| Prior-year sessions closer to delta neutral | 18.3% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 26 | -0.2% | -1.2% to +1.0% | 42% | -1.1% to +0.7% | 0.0% |
| above | Day +3 | 26 | +0.6% | -2.1% to +2.3% | 54% | -1.7% to +1.7% | 0.0% |
| above | Day +5 | 26 | +1.9% | -2.0% to +3.7% | 58% | -1.2% to +3.3% | 0.0% |
| above | Day +10 | 26 | +1.4% | -1.3% to +8.8% | 65% | -1.1% to +7.1% | 0.0% |
| below | Day +1 | 26 | +0.2% | -1.5% to +1.2% | 50% | -0.5% to +0.8% | 0.0% |
| below | Day +3 | 26 | +0.5% | -0.7% to +3.6% | 62% | -0.7% to +2.7% | 0.0% |
| below | Day +5 | 26 | +2.0% | -0.3% to +3.8% | 69% | +0.2% to +3.5% | +0.2% |
| below | Day +10 | 26 | +2.5% | +0.1% to +9.1% | 77% | +0.7% to +7.5% | +0.7% |

Returns are close-to-close after the labelled number of subsequent trading sessions. Cohorts require gamma max to be within 10% of the close on both crossing sessions. Historical windows can overlap and are not independent observations, so interval coverage is not guaranteed.

- [Machine-readable snapshot](https://halfonadouble.com/api/v1/tickers/SLV.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/SLV.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/SLV.json?date=2026-10-16&public_schema=4)

An em dash means unavailable, not zero. Values use the same display rounding as the HTML page. This is a current snapshot; full history and individual event paths are on the canonical page.

[Definitions and limitations](https://halfonadouble.com/methodology.md).