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GLD

SPDR Gold SharesClose $386.54EOD only

Max Pain

$390.00

Next expiry Jun 15, 2026

Expected Move

±$6.12

1.6% from close

Price Gap

+3.46

Distance to max pain

IV Rank

High premium

P/C OI

0.58

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 12, 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 12, 2026 close

GLD Flow Report

Analysis based on market close June 11, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 11, 2026. A newer flow report is available for June 12, 2026.

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Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +0.5 VIX 19

Watch next session: $375 area; $360 gamma flip

Flow Summary

Net premium: -$725.3M bearish

P/C volume ratio: 1.08

P/C OI ratio: 0.60

Heavy call buying dominates unusual prints, especially at $375-380 strikes, signaling bullishness. Negative net premium from far OTM puts suggests hedging. Dealers short gamma and long delta amplify upward momentum. Regime mixed but strong call flow supports upside.

Notable Prints

GLD 2026-06-17 $350.00 Put

Vol: 4,173

OI: 295

Vol/OI: 14.2x

IV: 37.8%

Notional: ~$58K

Intent: Bearish speculation or hedge

Read-through: Small premium, 6-day expiry

GLD 2026-06-15 $392.00 Call

Vol: 2,088

OI: 153

Vol/OI: 13.7x

IV: 27.1%

Notional: ~$501K

Intent: Short-term bullish bet

Read-through: OTM, 4-day expiry

GLD 2026-07-17 $375.00 Call

Vol: 3,750

OI: 330

Vol/OI: 11.4x

IV: 28.7%

Notional: ~$7.4M

Intent: Medium-term bullish

Read-through: Large volume, ITM

GLD 2026-06-26 $400.00 Call

Vol: 1,804

OI: 184

Vol/OI: 9.8x

IV: 27.0%

Notional: ~$622K

Intent: Bullish speculation

Read-through: OTM, 15-day expiry

GLD 2026-06-15 $398.00 Call

Vol: 1,059

OI: 143

Vol/OI: 7.4x

IV: 27.6%

Notional: ~$114K

Intent: Lottery ticket

Read-through: Low premium

Institutional Positioning

Call additions: Active call buying at strikes 375-398 for Jun 12-15 and Jul 375

Put additions: Large put volume at 350 (14.2x OI) and 480 (4.9x OI) – hedging or speculation

GEX/DEX consistency: Consistent: negative GEX (-$123M) and positive DEX (+99.6M shares) show hedgers sold upside with long delta

OI clusters: OI concentrated at 360 (gamma flip) and lower strikes; call OI builds above 380

Hedging evidence: Put buying at 350 (deep OTM) and 480 (deep ITM) suggests tail-risk hedges; no collars evident

Max pain context: Spot below MP (~$370-380 area); pinning likely near current levels

Signal vs Noise

~Signal: 350 put with 14.2x OI ratio suggests bearish speculation or hedge

~Signal: Call accumulation at 375-398 and July 375 indicates bullish sentiment

~Noise: 480 put high IV (80%) and low volume relative to OI may be a hedger error

~Noise: High IV on Jun 12 375 call (53.6%) due to time decay, not trend

Key Conclusions

🛡️Large put buying at 350 (14.2x OI) suggests institutional hedging or downside speculation

📈Aggressive call buying at 375-398 for near-term expirations shows bullish bets on upside

⚖️Mixed flow with negative gamma and positive delta; spot below MP points to pinning near $370-380

How to Use These Reports

This flow reflects the market close on June 11, 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.