Home Options GLDReports

GLD

SPDR Gold SharesClose $369.46EOD only

Max Pain

$380.00

Next expiry Jun 26, 2026

Expected Move

±$4.93

1.3% from close

Price Gap

+10.54

Distance to max pain

IV Rank

Low premium

P/C OI

0.59

Slightly call-heavy

Consensus

7.0/10

Consensus signal

Published snapshot: Jun 25, 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 25, 2026 close

GLD Flow Report

Analysis based on market close June 26, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 spot 0.4% from MP; +0.5 VIX 18

Watch next session: 373 put open interest; 360 gamma flip; VIX spike above 20

Flow Summary

Net premium: -$328.5M bearish

P/C volume ratio: 0.83

P/C OI ratio: 0.58

Aggressive put buying at 373-374 dominates, driving negative net premium. High put volume outpaces OI, signaling bearish intent. Negative gamma and positive delta expose dealers to downside acceleration if spot breaks 360.

Notable Prints

GLD 2026-06-26 $373.00 Put

Vol: 7,338

OI: 155

Vol/OI: 47.3x

IV: 5.7%

Notional: ~$81K

Intent: Bearish speculation or hedge

Read-through: 47x OI suggests new short-term bearish bets

GLD 2026-06-26 $374.00 Put

Vol: 2,509

OI: 181

Vol/OI: 13.9x

IV: 12.1%

Notional: ~$146K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

GLD 2026-11-20 $425.00 Call

Vol: 6,669

OI: 540

Vol/OI: 12.3x

IV: 26.0%

Notional: ~$5.4M

Intent: Bullish long-dated call buying

Dual read: Could be volatility bet

Read-through: Large volume relative to OI on deep OTM call

GLD 2026-06-26 $376.00 Call

Vol: 12,922

OI: 1,309

Vol/OI: 9.9x

IV: 6.1%

Notional: ~$13K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

GLD 2026-06-30 $359.00 Put

Vol: 3,634

OI: 409

Vol/OI: 8.9x

IV: 23.3%

Notional: ~$102K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call buying at 376-378 and 425 strikes (Nov expiry)

Put additions: Significant put buying at 373, 374, 359, 370; large put OI at 360

GEX/DEX consistency: Consistent: negative gamma, positive delta imply dealers long spot, short gamma

OI clusters: Call OI clusters at 376-378; put OI cluster at 360 + building at 373-374

Hedging evidence: Put purchases at low strikes suggest hedging; call buying at 425 indicates upside speculation

Max pain context: Spot near MP (~373-374); pin action likely around current levels

Signal vs Noise

~Large put volume at 373/374 (47x/14x OI) is bullish hedging signal

~Call buying at 425 (12x OI) is speculative upside bet

~High call volume at 376-378 but low IV indicates noise/rolling

~Negative GEX consistent with trending; flow mixed but puts dominate net premium

Key Conclusions

🛡️Institutions hedging downside with puts at 373-374; spot near max pain

📈Speculative long-dated calls at 425 suggest upside positioning beyond near-term

⚠️Dealers short gamma; could amplify moves if spot breaks MP range

How to Use These Reports

This flow reflects the market close on June 26, 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.