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GLD

SPDR Gold SharesClose $413.82EOD only
Max Pain
$415.00
Next expiry May 27, 2026
Expected Move
±$6.67
1.6% from close
Price Gap
+1.18
Distance to max pain
IV Rank
16
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 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 14, 2026. A newer ai consensus report is available for May 22, 2026.

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Conviction
6.0

out of 10

Score 6 because dealer gamma and concentrated short-dated positioning provide a reliable short-term pin, but conviction is capped by (a) mixed flow signals that could flip momentum quickly, (b) net negative premium indicating directional buying pressure off the pin, and (c) an event/IV term-structure tail that can invalidate sell strategies on a gap — enough alignment for tactical trades but not a high-confidence structural view.

Where Perspectives Agree

Range-bound pin near $440–$445 is the dominant thesis: dealer gamma and short-dated expiry structure are keeping GLD tethered to that band, creating a theta-rich environment and clear tactical premium-selling opportunities.

Where They Diverge

Flow signals (institutional accumulation and large buy-side prints at higher strikes) push for a bullish continuation that would capitalize on an upside break, while the earnings/event persona warns of elevated forward IV and a potential binary gap that makes pure premium-selling or naked directional longs unsafe — the earnings/event view directly undermines short-dated credit strategies if the binary resolves against the pin. Additionally, mixed net premium and some concentrated call flow create an asymmetric squeeze risk that contradicts conservative income-only approaches.

Top Trade
via theta

Sell 2026-04-17 $440/$435 put spread for credit (~$0.40)

Key Risk

Break and close below $433 on heavy intraday flow (gamma removal trigger) invalidates the pin — dealer hedging flips, short-dated range collapses and downside can accelerate to ~$420 within one session.

How to Use These Reports
This ai consensus reflects the market close on April 14, 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.