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GLD

SPDR Gold SharesClose $369.46EOD only
Max Pain
$380.00
Next expiry Jun 26, 2026
Expected Move
±$4.93
1.3% from close
Price Gap
+10.54
Distance to max pain
IV Rank
24
Low premium
P/C OI
0.59
Slightly call-heavy
Consensus
7.0/10
Consensus signal
Published snapshot: Jun 25, 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 25, 2026 close
GLD Theta Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness4 / 10
Sizing: Moderate
Primary: Long premium via call/put spreads
Invalidation: Break below $360 support or above $375 resistance
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 spot 0.4% from MP; +0.5 VIX 18

IV Environment

IV Regime
Normal
IV vs VIX
Avg IV 37% vs VIX 18.4 – elevated, GLD-specific factors
Favorable?
No

Term structure: Front ATM IV 7.5%, call IV 60.7% from heavy buying; back-month ~24%

⚠️Call IV spike front expirations suggests hedging/squeeze risk
📉Negative GEX -$80.7M amplifies spot moves

Pin Risk Assessment

Spot vs MP: At

GEX regime: Trending ($-80.7M)

Gamma flip: ~$360.00 — Approx — based on put OI concentration of 105,425 (3.6% below spot)

OI concentrations: Max pain $375 multiple expirations; put OI $360-$350

Verdict: Pin risk near $375; negative gamma may push through

Premium Opportunities

Risk Alerts

!Front-month call IV volatility may overwhelm sellers
!Negative dealer gamma increases sharp move risk
!Check for events; none indicated
How to Use These Reports
This theta reflects the market close on June 26, 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.