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GLD

SPDR Gold SharesClose $413.82EOD only
Max Pain
$416.00
Next expiry May 27, 2026
Expected Move
±$6.67
1.6% from close
Price Gap
+2.18
Distance to max pain
IV Rank
6
Low premium
P/C OI
0.58
Slightly call-heavy
Consensus
6.5/10
Range bias
Published snapshot: May 22, 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 22, 2026 close
GLD AI Consensus Report
Analysis based on market close April 9, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 9, 2026. A newer ai consensus report is available for May 22, 2026.

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Conviction
5.5

out of 10

5.5 because dealer gamma and the visible pin provide a meaningful structural magnet, but conviction is capped by mixed flow, negative net premium (which raises short-premium fragility), and very near-term expiries that can produce unforgiving intraday moves — enough to trade around the pin but not to take large naked risk.

Where Perspectives Agree

All perspectives converge on a short-term pinning bias into the $437 area supported by dealer gamma positioning — price is likely to be contained between the low-$430s and mid-$440s barring a shock. This creates a tactical, defined-risk window to harvest premium or run tight neutral/directional income structures.

Where They Diverge

The main incompatibility is between premium-selling/theta tactics and flow signals: theta favors short premium into the pin, while flow intelligence indicates larger institutional directional flow and concentrated prints that, if continued, would push price and IV in a way that undermines short-premium profitability. Additionally, directional confidence from GEX is weakened by net premium selling and near-term concentrated expiries that increase tail-risk for short structures.

Top Trade
via theta

Sell 2026-04-20 435/430 put spread for credit (theta play) — defined-risk, collects premium while banking on the pin to $437.

Key Risk

A decisive drop below $377 (break of the gamma support band) — triggered by a volatility spike or macro shock — would flip dealer positioning, remove the pin, and accelerate downside toward the $360 gap area, invalidating short-premium and pin-based trades.

How to Use These Reports
This ai consensus reflects the market close on April 9, 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.