# GLD: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/GLD
Data through: 2026-10-16 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 382.01 |
| Delta neutral (USD/share) | 377.46 |
| Gamma neutral (USD/share) | 374.84 |
| Gamma max (USD/share) | 448.08 |
| Open interest (contracts) | 4,728,181 |
| Nearest-expiration max pain (USD/share) | 377.00 (2026-10-19) |
| All-expiration max pain (USD/share) | 390.00 |
| Net gamma exposure | 128,470,115 |
| Confirmed GEX flip (USD/share) | 374.84 |
| Call wall (USD/share) | 450.00 |
| Put wall (USD/share) | 390.00 |
| Put/call open-interest ratio | 0.49 |
| Options catalyst-intensity score (0–100) | 38.9 |
| Options directional score (-100 to +100) | 10.5 |
| IV rank | 47.4 |
| Front-minus-back IV | -0.5 pp |
| Front 25-delta risk reversal | 1.7 pp |
| Call OI change, 1 session | -284,840 contracts · -8.2% |
| Put OI change, 1 session | -271,555 contracts · -14.9% |
| Call minus put OI growth, 1 session | +6.7 pp |
| Call OI change, 5 sessions | -273,832 contracts · -7.9% |
| Put OI change, 5 sessions | -245,913 contracts · -13.7% |
| Call minus put OI growth, 5 sessions | +5.8 pp |
| Daily call OI change surprise | -1.44σ (252 prior changes) |
| Daily put OI change surprise | -2.24σ (252 prior changes) |
| Daily call-minus-put growth surprise | +1.44σ (252 prior changes) |
| Daily open interest change (contracts) | -556,395 |
| Daily open interest change z-score (prior 252) | -1.89σ (252 prior changes) |
| Gamma max distance from close | +17.3% |
| Delta neutral distance from close | -1.2% |
| Prior-year sessions closer to gamma max | 83.7% of 252 |
| Prior-year sessions closer to delta neutral | 13.9% 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)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/GLD.json?date=2026-10-16&public_schema=4)

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).