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GLD

SPDR Gold SharesClose $445.93EOD only
Max Pain
$440.00
Next expiry Apr 20, 2026
Expected Move
±$5.24
1.2% from close
Price Gap
-5.93
Distance to max pain
IV Rank
71
High premium
P/C OI
0.55
Slightly call-heavy
Consensus
6.0/10
Bullish tilt
Published snapshot: Apr 17, 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 17, 2026 close
GLD AI Consensus Report
Analysis based on market close April 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.0

out of 10

6 because positioning and dealer gamma create a credible pin, but conviction is capped by macro/cycle event risk (rates/CPI) and active institutional call accumulation that can quickly reverse the short-premium edge.

Where Perspectives Agree

Consensus: GLD is pinned around the 443 area with dealer long-gamma producing a range-bound, mild upside bias rather than a clean breakout; positioning and call-heavy flow support continued pinning near current levels.

Where They Diverge

Theta favors short, defined-risk premium selling while flow shows pockets of large institutional call accumulation that are inflating short-dated skew and could force IV higher — this call-heavy flow directly undermines short premium trades by widening risk/reward and increasing early assignment/repurchase risk.

Top Trade
via theta

Sell 2026-05-15 $430/$410 put spread for a net credit (theta persona) — defined-risk, collects premium while benefiting from pin and dealer gamma support.

Key Risk

A decisive break below $430 on heavy volume (macro shock or large institutional put accumulation) would flip dealer positioning, remove the pin and accelerate downside toward $410, invalidating the mild-bull/range thesis.

How to Use These Reports
This ai consensus reflects the market close on April 20, 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.