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GLD

SPDR Gold SharesClose $377.32EOD only

Max Pain

$387.00

Next expiry Jun 24, 2026

Expected Move

±$4.68

1.2% from close

Price Gap

+9.68

Distance to max pain

IV Rank

Low premium

P/C OI

0.58

Slightly call-heavy

Consensus

8.0/10

Bearish tilt

Published snapshot: Jun 23, 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 23, 2026 close

GLD Flow Report

Analysis based on market close June 24, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; -0.5 spot 5.0% from MP; +0.5 VIX 19

Watch next session: $360 gamma flip; volatility trends

Flow Summary

Net premium: -$420.7M bearish

P/C volume ratio: 1.45

P/C OI ratio: 0.59

Heavy put volume dominates with net -$421M premium, put/call volume ratio 1.45, and negative gamma -$233.5M. Flow regime is bearish with spot below gamma flip. Notable put buys at $320 and $340 strikes; call buys at $370 and $385 leaps indicate long-term optimism but near-term headwinds.

Notable Prints

GLD 2026-06-30 $370.00 Call

Vol: 6,227

OI: 337

Vol/OI: 18.5x

IV: 27.1%

Notional: ~$2.4M

Intent: Bullish speculation

Read-through: High vol/oi indicates aggressive call buying

GLD 2026-10-16 $385.00 Call

Vol: 1,618

OI: 134

Vol/OI: 12.1x

IV: 28.0%

Notional: ~$2.3M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

GLD 2026-09-18 $320.00 Put

Vol: 13,329

OI: 1,328

Vol/OI: 10.0x

IV: 29.1%

Notional: ~$5.8M

Intent: Bearish hedging

Dual read: Speculative buying possible

Read-through: Large put volume suggests downside protection

GLD 2026-06-24 $365.00 Put

Vol: 4,293

OI: 513

Vol/OI: 8.4x

IV: 6.6%

Notional: ~$9K

Intent: Mispricing capture

Dual read: Near-expiry closing

Read-through: Low IV on deep ITM put may indicate arbitrage

GLD 2026-07-02 $340.00 Put

Vol: 1,112

OI: 132

Vol/OI: 8.4x

IV: 37.3%

Notional: ~$105K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Calls added at $370 (6/30) and $385 (10/16,7/2)

Put additions: Puts added at $320-$368 strikes; heavy at $320 (9/18) and $365 (6/24)

GEX/DEX consistency: GEX -$233.5M, DEX +92.4M shares; consistent with bearish flow and short gamma

OI clusters: Put OI concentrated near $360 (102K); call OI building at $370 and $385

Hedging evidence: Broad put buying across expirations indicates hedging or bearish positioning

Max pain context: Spot below max pain; put-heavy volume skews pin lower

Signal vs Noise

~High vol/OI on 6/30 $370 call (18.5x) is real signal

~6/24 $365 put vol/OI 8.4x highlights expiring put activity

~Weeklies like 6/26 $368 put may be noise

Key Conclusions

🛡️Heavy put buying at $320 and $365 signals downside protection

📈Call additions at $370 and $385 indicate bullish long-term outlook

How to Use These Reports

This flow reflects the market close on June 24, 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.