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GLD

SPDR Gold SharesClose $390.78EOD only

Max Pain

$400.00

Next expiry Jun 10, 2026

Expected Move

±$5.22

1.3% from close

Price Gap

+9.22

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.60

Slightly call-heavy

Consensus

6.0/10

Bearish tilt

Published snapshot: Jun 9, 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

Jun 9, 2026 close

GLD Theta Report

Analysis based on market close June 10, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

6 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 5.6% from MP

IV Environment

IV Regime

Normal

IV vs VIX

IV 40.5% vs VIX 22.2%, elevated

Favorable?

Yes

Term structure: Front-end elevated, backwardation from 2DTE 35.94% to 25.8%

⚠️Dealers short gamma -$189M amplifies moves

📌Max pain $397, spot $374.46 5.6% below

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-189.2M)

Gamma flip: ~$360.00 — Approx — based on put OI concentration of 101,752 (3.9% below spot)

OI concentrations: Max pain $397 (0DTE), $401 (2DTE), $399 (5DTE). Put floor $335-$350, call wall $425-$555

Verdict: High pin risk near expiration due to OI concentration at $397, spot far below

Premium Opportunities

Put credit spread

Sell 2026-07-10 $360.00/$350.00 put spread

Sell 360/350 put spread to collect premium with limited downside

Credit: $2.32-$2.83

Max loss: $7.17

BE: $357.17

Mgmt: Exit if spot breaches 360

Iron condor

Sell 2026-07-17 $360.00/$345.00 put wing and $395.00/$405.00 call wing

Sell 360/345 put and 395/405 call wings

Credit: $4.93-$6.02

Max loss: $8.98

BE: 353.98 / 401.02

Mgmt: Manage wings if spot approaches extremes

Call diagonal

Sell 2026-07-02 $395.00 call / buy 2026-08-21 $405.00 call

Sell near-term 395 call, buy later 405 call

Debit: $3.31-$4.04

Max loss: $4.04

BE: Path-dependent

Mgmt: Roll or close if spot moves below 360

Risk Alerts

!Negative dealer gamma

!Spot 5.6% below max pain

!Mixed flow regime

How to Use These Reports

This theta reflects the market close on June 10, 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.