SPDR Gold Shares (GLD)
AMEX: GLD
· Real-Time Price · USD
316.47
1.44 (0.46%)
At close: Aug 29, 2025, 10:44 AM
GLD Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for GLD across all expirations is 5,360,227 shares per 1% move, with 7,780,287.68 from calls and 2,420,060.68 from puts. The put-call GEX ratio of 0.31 shows call-heavy positioning, potentially creating volatility as market makers hedge by selling into strength and buying weakness. The highest gamma concentration is at the Sep 19, 25 expiration with 1,513,726.14 net GEX, which may act as a magnet point for price action. Near-term exposure for Sep 3, 25 suggests potential support from positive gamma hedging flows.
GLD GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Sep 3, 25 | 214,572.25 | -54,235.11 | 160,337.14 | 0.25 |
| Sep 5, 25 | 464,369.36 | -145,769.52 | 318,599.84 | 0.31 |
| Sep 8, 25 | 42,662.05 | -24,029.81 | 18,632.24 | 0.56 |
| Sep 10, 25 | 13,705.57 | -4,627.95 | 9,077.62 | 0.34 |
| Sep 12, 25 | 1,104,963.61 | -89,336.81 | 1,015,626.8 | 0.08 |
| Sep 19, 25 | 2,363,527.47 | -849,801.33 | 1,513,726.14 | 0.36 |
| Sep 26, 25 | 81,844.54 | -51,381.32 | 30,463.22 | 0.63 |
| Sep 30, 25 | 268,142.17 | -96,460.61 | 171,681.56 | 0.36 |
| Oct 3, 25 | 21,747.57 | -13,813.44 | 7,934.13 | 0.64 |
| Oct 10, 25 | 0 | 0 | 0 | n/a |
| Oct 17, 25 | 1,024,814.55 | -365,683.45 | 659,131.1 | 0.36 |
| Nov 21, 25 | 309,456.35 | -109,338.93 | 200,117.42 | 0.35 |
| Dec 19, 25 | 392,020.35 | -116,620.11 | 275,400.24 | 0.30 |
| Dec 31, 25 | 73,371.73 | -31,037.44 | 42,334.29 | 0.42 |
| Jan 16, 26 | 614,728.46 | -188,442.94 | 426,285.52 | 0.31 |
| Mar 20, 26 | 233,027.83 | -99,734.28 | 133,293.55 | 0.43 |
| Mar 31, 26 | 42,845.77 | -25,728.57 | 17,117.2 | 0.60 |
| May 15, 26 | 39,694.87 | -6,092.48 | 33,602.39 | 0.15 |
| Jun 18, 26 | 280,212.66 | -85,346.07 | 194,866.59 | 0.30 |
| Jun 30, 26 | 12,804.21 | -3,905.66 | 8,898.55 | 0.31 |