thetaOwl
HomeOptionsGLDReports

GLD

SPDR Gold SharesClose $417.12EOD only
Max Pain
$410.00
Next expiry Jun 1, 2026
Expected Move
±$5.04
1.2% from close
Price Gap
-7.12
Distance to max pain
IV Rank
18
Low premium
P/C OI
0.56
Slightly call-heavy
Consensus
6.0/10
Range bias
Published snapshot: May 29, 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
May 29, 2026 close
GLD AI Consensus Report
Analysis based on market close April 8, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 8, 2026. A newer ai consensus report is available for May 26, 2026.

View latest report
Conviction
5.5

out of 10

5.5 because dealer gamma and clustered max pain provide a meaningful short-term anchor, but mixed/uncertain flow, negative net premium dynamics, and proximity to a significant gamma-flip downside level limit higher confidence — event and flow risk can quickly invalidate the pin.

Where Perspectives Agree

Market is pinned in the mid-$430s with a neutral-to-slightly-bullish tilt — dealer gamma and concentrated max-pain/GEX create a magnet that makes range-bound premium selling the highest-probability path near-term.

Where They Diverge

Theta (sell premium) and directional both lean on the pin, but flow signals are mixed to mildly accumulative which directly undermines aggressive short-premium exposure; additionally, any institutional buying or sudden macro commodity bid would conflict with the short-call/iron-condor sizing implied by theta. There is no unanimous view on timing — directional wants structured spreads over multiple weeks while theta favors very near-dated premium sales, creating a tactical timing tension.

Top Trade
via theta

Sell 2026-04-10 $435/$445 call spread for ~$0.60 credit (defined-risk bear-call spread, expires weekly).

Key Risk

A break and close below $425.98 (failure of the EM lower bound) would flip dealer positioning, trigger unwind and stop cascades, and accelerate price toward $416–$420 — this single level invalidates the pin and short-premium strategy.

How to Use These Reports
This ai consensus reflects the market close on April 8, 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.