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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 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.5

out of 10

6.5 not 8 because the mixed flow and large downside hedge introduce uncertainty that the pin thesis cannot fully discount — conviction would rise if flow turns unanimously bullish or VIX increases.

Where Perspectives Agree

All personas converge on $416 as a gamma-driven pin level, with limited near-term movement expected between $415 and $425.

Where They Diverge

Flow reveals a large long-dated $470 put hedge and mixed money flow (-$115M bearish), which contradicts the bullish continuation thesis from directional and theta that rely on sustained pin at $416.

Top Trade
via theta

Sell June 18 $415/$410 put spread & $420/$425 call spread for a net credit targeting $416 pin.

Key Risk

Break below $416 flips dealer gamma long and triggers stop-loss cascade to $360; break above $425 meets strong resistance and invalidates the pin thesis.

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