# GLD: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/GLD
Data through: 2026-10-02 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 380.14 |
| Delta neutral (USD/share) | 382.44 |
| Gamma neutral (USD/share) | 379.76 |
| Gamma max (USD/share) | 444.81 |
| Open interest (contracts) | 5,175,179 |
| Nearest-expiration max pain (USD/share) | 382.00 (2026-10-05) |
| All-expiration max pain (USD/share) | 395.00 |
| Net gamma exposure | 6,433,184 |
| Confirmed GEX flip (USD/share) | 379.76 |
| Call wall (USD/share) | 450.00 |
| Put wall (USD/share) | 400.00 |
| Put/call open-interest ratio | 0.53 |
| Options catalyst-intensity score (0–100) | 45.5 |
| Options directional score (-100 to +100) | -5.3 |
| IV rank | 27.3 |
| Front ATM IV | +22.9% |
| Front-minus-back IV | 0.8 pp |
| Front expected move | +2.1% |
| Front ATM straddle / spot | +1.0% |
| Front 25-delta risk reversal | 2.3 pp |
| Call OI change, 1 session | -51,384 contracts · -1.5% |
| Put OI change, 1 session | -52,098 contracts · -2.8% |
| Call minus put OI growth, 1 session | +1.3 pp |
| Call OI change, 5 sessions | -31,295 contracts · -0.9% |
| Put OI change, 5 sessions | -21,211 contracts · -1.2% |
| Call minus put OI growth, 5 sessions | +0.3 pp |
| Daily call OI change surprise | -0.27σ (252 prior changes) |
| Daily put OI change surprise | -0.44σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.29σ (252 prior changes) |
| Daily open interest change (contracts) | -103,482 |
| Daily open interest change z-score (prior 252) | -0.36σ (252 prior changes) |
| Gamma max distance from close | +17.0% |
| Delta neutral distance from close | +0.6% |
| Prior-year sessions closer to gamma max | 84.1% of 252 |
| Prior-year sessions closer to delta neutral | 4.0% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 18 | +0.1% | -0.9% to +0.8% | 56% | -0.4% to +0.7% | 0.0% |
| above | Day +3 | 18 | +0.4% | -1.0% to +1.6% | 56% | -0.2% to +1.6% | 0.0% |
| above | Day +5 | 18 | +0.8% | -0.7% to +3.5% | 61% | -0.4% to +2.6% | 0.0% |
| above | Day +10 | 18 | +1.2% | -2.1% to +3.4% | 67% | -0.3% to +2.6% | 0.0% |
| below | Day +1 | 18 | +0.3% | -0.9% to +1.3% | 61% | -0.5% to +1.0% | 0.0% |
| below | Day +3 | 18 | +0.1% | -0.8% to +1.8% | 61% | -0.8% to +1.0% | 0.0% |
| below | Day +5 | 18 | -0.2% | -1.5% to +2.4% | 44% | -1.0% to +2.3% | 0.0% |
| below | Day +10 | 18 | +2.1% | -0.5% to +3.6% | 67% | -0.5% to +3.5% | 0.0% |

Returns are close-to-close after the labelled number of subsequent trading sessions. Cohorts require gamma max to be within 10% of the close on both crossing sessions. Historical windows can overlap and are not independent observations, so interval coverage is not guaranteed.

- [Machine-readable snapshot](https://halfonadouble.com/api/v1/tickers/GLD.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/GLD.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/GLD.json?date=2026-10-02)

An em dash means unavailable, not zero. Values use the same display rounding as the HTML page. This is a current snapshot; full history and individual event paths are on the canonical page.

[Definitions and limitations](https://halfonadouble.com/methodology.md).