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 19, 2026

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

You are viewing an older report from May 19, 2026. A newer ai consensus report is available for May 20, 2026.

View latest report
Conviction
5.5

out of 10

5.5 not higher because conflicting directional signals and mixed flow reduce conviction; earnings not a factor.

Where Perspectives Agree

GLD is in a pinning regime near $420 max pain with positive gamma and normal vol, limiting directional breakouts.

Where They Diverge

Theta recommends bear put spreads expecting downside, while directional sees bullish drift to $420; flow is neutral, conflicting on direction.

Top Trade
via directional

Iron Condor: Sell 2026-06-05 $402/$390 put spread and $424/$435 call spread for ~$2.50 credit, defined risk, profits from pinning.

Key Risk

Break below $400 support flips dealer gamma long, accelerating downside toward $360 gap fill.

How to Use These Reports
This ai consensus reflects the market close on May 19, 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.