thetaOwl

GLD

SPDR Gold SharesClose $411.95EOD only
Max Pain
$410.00
Next expiry Jun 3, 2026
Expected Move
±$3.52
0.8% from close
Price Gap
-1.95
Distance to max pain
IV Rank
15
Low premium
P/C OI
0.56
Slightly call-heavy
Consensus
6.0/10
Range bias
Published snapshot: Jun 2, 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 2, 2026 close
GLD AI Consensus Report
Analysis based on market close April 17, 2026

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

You are viewing an older report from April 17, 2026. A newer ai consensus report is available for May 26, 2026.

View latest report
Conviction
6.0

out of 10

6 because dealer gamma and rich theta align for a pin/income trade but mixed flow and tail macro/event risk (no earnings but macro shocks) can rapidly invalidate positioning, so conviction is positive but not high.

Where Perspectives Agree

Consensus is mildly bullish/pinned around current mid-range with dealer gamma supporting a consolidation/pin and premium-rich environment that favors defined-risk, income-enabled bullish exposure rather than naked directional longs.

Where They Diverge

Flow shows mixed institutional activity—some accumulation but also large outsized offers—that conflicts with a clean bullish continuation (flow could supply liquidity to drive a sustained sell-off); theta wants short premium while directional still recommends long call exposure, creating tension on position sizing and time‑frame.

Top Trade
via theta

Sell May 1 2026 $450/$455 call spread for ~credit (defined-risk bearish-to-neutral income), expected credit ~$0.40–$0.70.

Key Risk

Break below $430 on strong selling (flow-initiated stop cascade) flips dealer gamma long to neutral/long removal and accelerates downside toward $420 gap — this level/trigger would invalidate the pin/income thesis.

How to Use These Reports
This ai consensus reflects the market close on April 17, 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.