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GLD

SPDR Gold SharesClose $435.26EOD only

Max Pain

$435.00

Next expiry Apr 24, 2026

Expected Move

±$6.12

1.4% from close

Price Gap

-0.26

Distance to max pain

IV Rank

Low premium

P/C OI

0.56

Slightly call-heavy

Consensus

5.5/10

Range bias

Published snapshot: Apr 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

Apr 22, 2026 close

GLD AI Consensus Report

Analysis based on market close April 23, 2026

Directional Theta Gang Flow Earnings Consensus

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

Conviction

6.0

out of 10

6 because dealer gamma pinning and visible flow accumulation support the range, but mixed institutional activity and active premium-selling create opposing pressures and keep a binary gamma flip risk alive; insufficient alignment to rate higher.

Where Perspectives Agree

Market is range-bound with a pin near ~$435–436 supported by dealer positive gamma; consensus favors stability with limited upside unless a clean break above ~$436 occurs.

Where They Diverge

Flow signals of institutional accumulation and net-buy prints imply directional continuation higher, while theta favors front-month premium selling and defined-risk credit structures that profit if the pin holds — the accumulation thesis expects follow-through that premium selling strategies can blunt if exercised or if gamma squeezes; earnings/event risk is minimal but term-structure chatter encourages both back-month protection and front-month selling, creating tactical friction.

Top Trade

via theta

Sell Jun 18 2026 $435/$445 call spread for a net credit (defined-risk, front-month premium capture).

Key Risk

Break and close below $425 triggers dealer gamma flip and a rapid unwind of short-gamma and accumulation positions, accelerating downside toward the $413 support band and invalidating the pin thesis.

How to Use These Reports

This ai consensus reflects the market close on April 23, 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.