thetaOwl

GLD

SPDR Gold SharesClose $417.40EOD only
Max Pain
$418.00
Next expiry May 22, 2026
Expected Move
±$6.08
1.5% from close
Price Gap
+0.60
Distance to max pain
IV Rank
9
Low premium
P/C OI
0.58
Slightly call-heavy
Consensus
6.5/10
Consensus signal
Published snapshot: May 20, 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 20, 2026 close
GLD AI Consensus Report
Analysis based on market close May 15, 2026

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

You are viewing an older report from May 15, 2026. A newer ai consensus report is available for May 20, 2026.

View latest report
Conviction
6.5

out of 10

6.5 not 7 because flow's negative premium introduces uncertainty, but alignment on pinning and positive GEX keeps conviction moderate.

Where Perspectives Agree

All perspectives reinforce GLD pinning near $418 with dealer long gamma supporting the level and slight bullish bias.

Where They Diverge

Flow's net negative premium flow ($215M bearish) slightly contradicts directional's bullish drift thesis, but put/call ratios are bullish and gamma positioning dominates.

Top Trade
via theta

Sell 2026-06-05 $406/$404 put spread for a credit — defined risk, profits from pin above $406.

Key Risk

Break below $403 support flips dealer gamma and invalidates bullish pin, downside accelerates to $400.

How to Use These Reports
This ai consensus reflects the market close on May 15, 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.