The archived SLV source record lists SLV Jan 15, 2027 $100 Put, 10,283 contracts and $46.32M 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 2026-10-01 16:13:08. The original price reference is $55.05. 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, 10,283 × $45.05 × an assumed standard 100-share multiplier gives $46,324,915.00 of gross premium. A standalone opening put at that premium has an expiration breakeven of $100.00 − $45.05 = $54.95, before fees. That conditional calculation is not the participant's verified position or return.
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 (106 days) |
| Execution | Floor Trade |
| Side | Buy side (at or near the ask) |
| Contracts | 10,283 |
| Price | $45.05 ($4,505 per contract) |
| Total premium | $46.32M |
| Stock at the trade | $55.05 |
| Strike vs. stock | 81.7% in the money |
| Breakeven at expiration | $54.95 |
| Open interest before | 6,856 |
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.
