The archived SLV source record lists SLV Jan 15, 2027 $100 Put, 4,980 contracts and $20.89M in reported gross premium. Execution classification alone does not establish opening or closing status or the participant's account position.
What happened
The saved event-time field is 2026-09-25 15:59:47. The original price reference is $58.15. The source table and any leg entries below are retained as recorded; no new quote has been substituted.
Why it matters
For the listed SLV Jan 15, 2027 $100 Put, 4,980 × $41.95 × an assumed standard 100-share multiplier gives $20,891,100.00 of gross premium. A standalone opening put at that premium has an expiration breakeven of $100.00 − $41.95 = $58.05, before fees. That conditional calculation is not the participant's verified position or return.
For an opening short put under those assumptions, retaining the full premium requires expiration at or above the $100.00 strike; $58.05 is the breakeven, not the full-premium threshold. Assignment may occur before expiration.
The displayed buy/sell side is the archived classification; raw bid/ask observations and account holdings are not retained. Open interest is an aggregate for the series and cannot identify this print as an opening trade. Delta is contract sensitivity, not a verified holding of stock.
The numbers
Original provider-record fields: The structure, lean, side and breakeven labels in the unchanged table are archived feed/model outputs, not a verified complete account position. Only the explicitly stated standalone hypotheses above describe calculated payoffs; a missing leg, opening/closing status or adjusted deliverable can change them.
| Contract | SLV Jan 15, 2027 $100 Put |
|---|---|
| Expiration | Jan 15, 2027 (112 days) |
| Execution | Floor Trade |
| Side | Sell side (at or near the bid) |
| Contracts | 4,980 |
| Price | $41.95 ($4,195 per contract) |
| Total premium | $20.89M |
| Stock at the trade | $58.15 |
| Strike vs. stock | 72% in the money |
| Breakeven at expiration | $58.05 |
| Delta | 0.93 |
| Implied volatility | 66% |
| Open interest before | 6,857 |
Three ways this could play out
Above the listed $100 strike at expiration: evaluate only the standalone option hypothesis described above. Its intrinsic value and the premium both matter; a higher stock price alone does not establish this participant's profit.
Below $100 at expiration: calculate the standalone option's intrinsic value before comparing it with the listed premium. That calculation is not the payoff of any unrecorded hedge or missing package legs.
Before expiration: compare actual option quotes, time value and implied volatility. An unchanged stock price or passage of time does not guarantee a gain to a seller or a loss to this participant.
What to watch next
- Confirm every leg, its side, quantity, expiry and deliverable before assigning a complete strategy or maximum risk.
- Compare next-session open interest with total session activity; the aggregate change cannot establish what this participant opened or closed.
