SPDR Gold Stock Options

GLD Etf  USD 268.62  3.59  1.32%   
SPDR Gold's latest option contracts expiring on May 16th 2025 are carrying combined implied volatility of 0.19 with a put-to-call open interest ratio of 0.65 over 104 outstanding agreements suggesting investors are buying more calls than puts on contracts expiring on May 16th 2025. The total put volume is at 1.2 K, with calls trading at the volume of 1.8 K. This yields a 0.68 put-to-call volume ratio.

Open Interest Against May 16th 2025 Option Contracts

290250Calls Open InterestPuts Open Interest100%
The chart above shows SPDR Gold's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. SPDR Gold's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for SPDR Gold's option, there is no secondary market available for investors to trade.

SPDR Gold Maximum Pain Price Across 2025-05-16 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as SPDR Gold close to expiration to expire worthless. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, SPDR Gold's option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Max Pain 276Calls PricePuts Price100%

In The Money vs. Out of Money Option Contracts on SPDR Gold

Analyzing SPDR Gold's in-the-money options over time can help investors to take a profitable long position in SPDR Gold regardless of its overall volatility. This is especially true when SPDR Gold's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money SPDR Gold's options could be used as guardians of the underlying stock as they move almost dollar for dollar with SPDR Gold's stock while costing only a fraction of its price.
In The Money Calls:Out Of Money Calls:In The Money Puts:Out Of Money Puts:
SPDR Gold's stock options are financial instruments that give investors the right to buy or sell shares of SPDR Gold Shares common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell SPDR stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If SPDR Gold's stock price goes up or down, the stock options follow.

SPDR Gold Shares In The Money Call Balance

When SPDR Gold's strike price is surpassing the current stock price, the option contract against SPDR Gold Shares stock is said to be in the money. When it comes to buying SPDR Gold's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on SPDR Gold Shares are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

SPDR Current Options Market Mood

SPDR Gold's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps SPDR Etf's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of SPDR Gold's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. SPDR Gold's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.

Rule 16 of the current SPDR contract

Base on the Rule 16, the options market is currently suggesting that SPDR Gold Shares will have an average daily up or down price movement of about 0.0119% per day over the life of the 2025-05-16 option contract. With SPDR Gold trading at USD 268.62, that is roughly USD 0.0319. If you think that the market is fully incorporating SPDR Gold's daily price movement you should consider buying SPDR Gold Shares options at the current volatility level of 0.19%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Purchasing SPDR Gold options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" SPDR calls. Remember, the seller must deliver SPDR Gold Shares stock to the call owner when a call is exercised.

SPDR Gold Option Chain

When SPDR Gold's strike price is surpassing the current stock price, the option contract against SPDR Gold Shares stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
SPDR Gold's option chain is a display of a range of information that helps investors for ways to trade options on SPDR. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for SPDR. It also shows strike prices and maturity days for a SPDR Gold against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
Open IntStrike PriceCurrent SpreadLast Price
Call
GLD250516C001750002175.096.45 - 99.0592.51In
Call
GLD250516C001800001180.091.55 - 94.168.29In
Call
GLD250516C001850001185.086.6 - 89.1585.37In
Call
GLD250516C001900007190.081.75 - 84.281.56In
Call
GLD250516C001950009195.076.7 - 79.2575.62In
Call
GLD250516C0020000090200.071.8 - 74.3571.65In
Call
GLD250516C0020500040205.066.9 - 69.459.93In
Call
GLD250516C0021000021210.062.0 - 64.4561.54In
Call
GLD250516C002150007215.057.1 - 59.553.05In
Call
GLD250516C0022000074220.052.15 - 54.5551.85In
Call
GLD250516C0022500059225.047.3 - 49.646.65In
Call
GLD250516C00230000158230.042.55 - 44.742.1In
Call
GLD250516C00235000371235.037.5 - 39.8538.0In
Call
GLD250516C00240000313240.032.7 - 35.0533.7In
Call
GLD250516C00245000615245.028.1 - 30.329.05In
Call
GLD250516C002460002246.027.0 - 29.527.25In
Call
GLD250516C002500008879250.023.85 - 25.3524.42In
Call
GLD250516C002540002254.020.25 - 22.020.4In
Call
GLD250516C00255000717255.019.6 - 20.820.23In
Call
GLD250516C002560004256.018.6 - 20.418.44In
Call
GLD250516C002570005257.017.95 - 18.818.62In
Call
GLD250516C0026000010058260.016.1 - 17.116.15In
Call
GLD250516C002650001442265.012.35 - 13.312.62In
Call
GLD250516C002660003266.011.95 - 12.6511.4In
Call
GLD250516C002670006267.010.9 - 12.0511.35In
Call
GLD250516C002680005268.010.35 - 11.4510.67In
Call
GLD250516C002690006269.010.15 - 10.859.51In
Call
GLD250516C002700003990270.09.6 - 9.99.75In
Call
GLD250516C002710002524271.09.05 - 9.359.08Out
Call
GLD250516C0027200018272.08.5 - 8.88.65Out
Call
GLD250516C002730001273.08.05 - 8.38.07Out
Call
GLD250516C0027400027274.07.6 - 8.17.55Out
Call
GLD250516C0027500015243275.07.15 - 7.37.25Out
Call
GLD250516C0027600011276.06.45 - 6.956.68Out
Call
GLD250516C0027700018277.06.3 - 6.556.1Out
Call
GLD250516C0027800011278.05.65 - 6.155.87Out
Call
GLD250516C002800005067280.05.2 - 5.55.25Out
Call
GLD250516C002830001283.04.3 - 4.54.2Out
Call
GLD250516C002840004284.04.0 - 4.23.6Out
Call
GLD250516C002850009825285.03.75 - 4.03.64Out
Call
GLD250516C002860003286.03.5 - 3.753.54Out
Call
GLD250516C002880001288.03.05 - 3.33.0Out
Call
GLD250516C0029000016770290.02.5 - 2.832.75Out
Call
GLD250516C002920001292.02.15 - 2.512.25Out
Call
GLD250516C002940002294.01.86 - 2.182.06Out
Call
GLD250516C002950001593295.01.98 - 2.071.99Out
Call
GLD250516C002960000296.01.57 - 2.081.8Out
Call
GLD250516C002970003297.01.48 - 1.961.57Out
Call
GLD250516C002980006298.01.37 - 1.851.55Out
Call
GLD250516C002990000299.01.4 - 1.731.48Out
Call
GLD250516C003000004124300.01.3 - 1.451.43Out
Call
GLD250516C00305000429305.00.82 - 1.050.99Out
Call
GLD250516C003100001137310.00.65 - 0.810.73Out
Call
GLD250516C003150001050315.00.41 - 0.710.6Out
Call
GLD250516C00320000802320.00.29 - 0.490.44Out
Call
GLD250516C003250009806325.00.21 - 0.390.35Out
 Put
GLD250516P001750009710175.00.0 - 0.050.04Out
 Put
GLD250516P00180000814180.00.01 - 0.040.04Out
 Put
GLD250516P0018500026185.00.01 - 0.040.04Out
 Put
GLD250516P001900001185190.00.02 - 0.050.04Out
 Put
GLD250516P00195000104195.00.01 - 0.060.11Out
 Put
GLD250516P00200000508200.00.01 - 0.070.07Out
 Put
GLD250516P00205000577205.00.01 - 0.090.12Out
 Put
GLD250516P002100003058210.00.02 - 0.090.08Out
 Put
GLD250516P00215000690215.00.04 - 0.110.12Out
 Put
GLD250516P002200003951220.00.1 - 0.130.14Out
 Put
GLD250516P002250001167225.00.08 - 0.20.18Out
 Put
GLD250516P002300002277230.00.19 - 0.240.23Out
 Put
GLD250516P002350006089235.00.28 - 0.40.31Out
 Put
GLD250516P002400004092240.00.4 - 0.490.43Out
 Put
GLD250516P002430007243.00.45 - 0.720.68Out
 Put
GLD250516P002450002569245.00.56 - 0.730.73Out
 Put
GLD250516P002460007246.00.6 - 0.790.93Out
 Put
GLD250516P002480008248.00.74 - 1.080.99Out
 Put
GLD250516P002490004249.00.93 - 1.031.15Out
 Put
GLD250516P0025000012287250.01.05 - 1.131.06Out
 Put
GLD250516P002520004252.01.26 - 1.351.29Out
 Put
GLD250516P002550003156255.01.66 - 1.761.71Out
 Put
GLD250516P002560001256.01.79 - 2.122.04Out
 Put
GLD250516P002580001258.02.15 - 2.482.47Out
 Put
GLD250516P002600005167260.02.63 - 2.862.63Out
 Put
GLD250516P0026100014261.02.65 - 3.23.1Out
 Put
GLD250516P0026200035262.03.1 - 3.453.27Out
 Put
GLD250516P0026300011263.03.4 - 3.553.55Out
 Put
GLD250516P002650001279265.04.0 - 4.154.08Out
 Put
GLD250516P002690009269.05.55 - 5.75.65Out
 Put
GLD250516P00270000556270.05.75 - 6.156.06Out
 Put
GLD250516P002710002508271.06.4 - 6.96.8Out
 Put
GLD250516P002730002273.07.4 - 7.97.59Out
 Put
GLD250516P00275000101275.08.5 - 9.08.7In
 Put
GLD250516P002760001276.08.8 - 9.610.4In
 Put
GLD250516P0028000025280.011.15 - 12.2512.85In
 Put
GLD250516P002850007285.014.6 - 16.3519.95In
 Put
GLD250516P0029000070290.018.45 - 19.9519.8In
 Put
GLD250516P002960000296.023.55 - 25.523.55In
 Put
GLD250516P002970000297.024.5 - 26.1524.5In
 Put
GLD250516P002980000298.025.4 - 27.1525.4In
 Put
GLD250516P002990000299.026.15 - 28.3526.15In
 Put
GLD250516P003000000300.027.05 - 29.3527.05In
 Put
GLD250516P003050000305.031.85 - 34.131.85In
 Put
GLD250516P003100000310.036.7 - 39.036.7In
 Put
GLD250516P003150000315.041.35 - 44.2541.35In
 Put
GLD250516P003200000320.046.45 - 49.1546.45In
 Put
GLD250516P003250000325.051.9 - 53.9572.59In

When determining whether SPDR Gold Shares is a strong investment it is important to analyze SPDR Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SPDR Gold's future performance. For an informed investment choice regarding SPDR Etf, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SPDR Gold Shares. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
The market value of SPDR Gold Shares is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Gold's value that differs from its market value or its book value, called intrinsic value, which is SPDR Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPDR Gold's market value can be influenced by many factors that don't directly affect SPDR Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.