thetaOwl
HomeOptionsGLDReports

GLD

SPDR Gold SharesClose $445.09EOD only
Max Pain
$433.00
Next expiry Apr 15, 2026
Expected Move
±$4.74
1.1% from close
Price Gap
-12.09
Distance to max pain
IV Rank
28
Middle-high premium
P/C OI
0.60
Slightly call-heavy
Consensus
6.0/10
Range bias
Published snapshot: Apr 14, 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
Apr 14, 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.

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.

Read the AI Analyst Consensus for GLD for 2026-04-14. This synthesis report combines directional, theta, flow, and earnings perspectives into one conviction view with setup, trigger, and invalidation context.