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GLD

SPDR Gold SharesClose $390.78EOD only

Max Pain

$400.00

Next expiry Jun 10, 2026

Expected Move

±$5.22

1.3% from close

Price Gap

+9.22

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.60

Slightly call-heavy

Consensus

6.0/10

Bearish tilt

Published snapshot: Jun 9, 2026 close

End-of-day snapshot

This page reflects GLD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 9, 2026 close

GLD Flow Report

Analysis based on market close June 10, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 5.6% from MP

Flow Summary

Net premium: -$426.8M bearish

P/C volume ratio: 1.12

P/C OI ratio: 0.61

Heavy put buying and negative gamma suggest downside pressure. Unusual block trades in 380p and 350p. Call activity at 390 may cap rallies. Spot below MP, flow mixed but bearish lean.

Notable Prints

GLD 2026-06-12 $390.00 Call

Vol: 3,158

OI: 165

Vol/OI: 19.1x

IV: 32.8%

Notional: ~$123K

Intent: Speculative long

Read-through:

GLD 2026-06-10 $390.00 Call

Vol: 4,916

OI: 305

Vol/OI: 16.1x

IV: 30.1%

Notional: ~$10K

Intent: Same-day long

Read-through:

GLD 2026-06-15 $350.00 Put

Vol: 4,154

OI: 259

Vol/OI: 16.0x

IV: 41.2%

Notional: ~$258K

Intent: Tail hedge

Read-through:

GLD 2026-06-17 $375.00 Put

Vol: 974

OI: 140

Vol/OI: 7.0x

IV: 32.9%

Notional: ~$662K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

GLD 2026-06-10 $380.00 Put

Vol: 7,498

OI: 1,095

Vol/OI: 6.8x

IV: 49.6%

Notional: ~$3.8M

Intent: Bearish bet

Read-through:

Institutional Positioning

Call additions: Heavy call buying at 390C (6/12 & 6/10) vol/oi ~19x,16x; also 427C 6/12 6.7x.

Put additions: Puts added: 350P 6/15 (16x), 380P 6/10 (6.8x), 375P 6/10,6/17,6/26, 355P 6/12.

GEX/DEX consistency: Neg gamma -$189M, net put premium; DEX +108M shares bullish; flow mixed.

OI clusters: Large put OI at 380 (1095) & 375 (multi); call OI at 390 (165,305).

Hedging evidence: Put buying across strikes suggests hedging, esp 350P (16x) & 380P.

Max pain context: Spot below MP; gamma flip at 360; likely pin 375-380.

Signal vs Noise

~High vol/oi call prints at 390C are bullish signal for near-term upside.

~Puts at 350P and 380P are hedging signals.

~Net negative premium and put volume ratio indicate caution.

~Large put OI at 380 acts as support resistance.

Key Conclusions

🟢Institutions positioning for bounce with heavy 390C call buying.

🔴Bearish gamma and put volume suggest hedging but DEX bullish.

How to Use These Reports

This flow reflects the market close on June 10, 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.