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GLD

SPDR Gold SharesClose $373.63EOD only

Max Pain

$375.00

Next expiry Jun 29, 2026

Expected Move

±$4.86

1.3% from close

Price Gap

+1.37

Distance to max pain

IV Rank

Low premium

P/C OI

0.58

Slightly call-heavy

Consensus

4.5/10

Consensus signal

Published snapshot: Jun 26, 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 26, 2026 close

GLD Flow Report

Analysis based on market close June 29, 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; +0.5 spot 1.4% from MP; +1 VIX 18

Watch next session: Gamma flip level; GEX changes

Flow Summary

Net premium: -$331.3M bearish

P/C volume ratio: 0.98

P/C OI ratio: 0.57

Net negative premium and mixed flow with notable put activity at out-of-money strikes suggest cautious positioning. Spot below max pain with negative GEX pointing to resistance.

Notable Prints

GLD 2026-07-06 $350.00 Put

Vol: 3,531

OI: 114

Vol/OI: 31.0x

IV: 28.2%

Notional: ~$254K

Intent: Bearish

Dual read: Hedge

Read-through: Downside

GLD 2026-06-29 $367.00 Put

Vol: 2,770

OI: 122

Vol/OI: 22.7x

IV: 4.4%

Notional: ~$6K

Intent: Closing

Read-through: Neutral

GLD 2026-07-31 $412.00 Call

Vol: 4,899

OI: 259

Vol/OI: 18.9x

IV: 25.8%

Notional: ~$490K

Intent: Bullish

Dual read: Speculation

Read-through: Upside

GLD 2026-06-29 $369.00 Put

Vol: 3,920

OI: 246

Vol/OI: 15.9x

IV: 8.3%

Notional: ~$137K

Intent: Closing

Read-through: Neutral

GLD 2026-06-29 $370.00 Call

Vol: 4,168

OI: 267

Vol/OI: 15.6x

IV: 5.4%

Notional: ~$4K

Intent: Closing

Read-through: Neutral

Institutional Positioning

Call additions: Calls added at $412 (Jul 31), $645 (Jan 2027), and $370 (Jun 29 & Jul 2)

Put additions: Puts added at $350 (Jul 6), $367/368/369 (Jun 29), $330 (Oct 16), $340 (Jul 24)

GEX/DEX consistency: Consistent: negative GEX amplifies moves; positive DEX adds upside delta

OI clusters: Gamma flip at $360; put OI heavy (105k) below spot

Hedging evidence: Broad put buying across strikes and tenors suggests hedging or bearish bets

Max pain context: Spot below MP; pinning pressure upward likely; net put premium hedges downside

Signal vs Noise

~High vol/oi on multiple puts (350P, 367P, 369P, 368P, 330P, 340P) is real hedging demand

~Large call purchases at $412 and $645 with elevated vol/oi signal directional bets

~Small 370C June29 trade at $0.01 may be noise or closing

~Net negative premium of -$331M confirms put dominance

Key Conclusions

🛡️Put stacking at $350 and weekly expiries signals downside hedging

🔭Long-dated $645 call with high vol/oi suggests institutional upside conviction

📍Gamma flip at $360 and negative GEX make moves self-reinforcing; spot below MP adds upward bias

How to Use These Reports

This flow reflects the market close on June 29, 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.