GLD Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete GLD options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around GLD.
Near-Term Options-Derived Market Structure
BULLISH BIAS
Reflecting options positioning and volatility conditions over the coming sessions.
The options market shows a strong bullish alignment. Multiple key factors point firmly to the upside, supported by dealer flows and positioning. Options Chian
Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 67%
Current DPI is -0.152(bullish). Bullish, momentum neutral or unclear.
Options Terrain Outlook (3-Month)
The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are moderately choppy. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2027-01-15 options expiry. 90% confidence
Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)
Expiry 2026-10-14 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is bearish (-0.50), pin strength 0.80.
Based on same-day expiring options (0DTE), the ATM straddle implies an 0.11% standardized 1-day equivalent move, serving as an intraday volatility reference.
The implied intraday range is approximately 367.29 — 385.71 , corresponding to +2.59% / -2.31% .
Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.
Bullish flow suggests upside interest toward 394.45 (4.91% above spot).
Bearish positioning points to downside pressure toward 359.51 (4.38% below spot).
Options flow strength: 0.50 (0–1 scale). ATM Strike: 376.00, Call: 0.11, Put: 0.32, Straddle Cost: 0.42.
Price moves may extend once a direction forms. The short-term gamma flip is near 381.56 , with intermediate positioning around 384.40 . The mid-term gamma flip remains near 381.47.