TRU-SENTIMENT · DeltaNeutral

GLD Trading Analysis - 09/11/2026 03:38 PM — TRU-SENTIMENT

Options chain · Stock chart · Baseline chart

GLD (SPDR Gold Trust, SPDR Gold Shares) at $398.92. True Sentiment Balanced, delta 40-60 call 60% / put 40%, call $28,039,337 vs put $19,003,250. RSI 33.8.

Symbol: GLD
Price: $398.92
Article bias (separate from True Sentiment): neutral
Conviction: medium
Published: 2026-09-11 15:38:00 ET
Author: DeltaNeutral staff

TRUE SENTIMENT ANALYSIS (DELTA 40-60 OPTIONS)

True Sentiment Analysis (Delta 40-60 Options):

Overall Sentiment: Balanced

Call vs Put Dollar Volume: Call dollar volume is $28,039,337, and put dollar volume is $19,003,250.

The options flow sentiment is balanced, indicating no clear directional bias.

Key Statistics: GLD

$396.36 +0.00%

52-Week Range

$332.97 - $509.70

Market Cap

$279.37B

P/E (TTM)

5.90

PEG Ratio

N/A

Beta

N/A

Next Earnings

N/A

Avg Volume

$13.02M

Dividend Yield

N/A

Fundamental Snapshot

Valuation

P/E (Trailing)	5.90
P/E (Forward)	N/A
PEG Ratio	N/A
Price/Book	N/A

Profitability

EPS (Trailing)	$67.14
EPS (Forward)	N/A
ROE	N/A
Net Margin	-4,108.18%

Financial Health

Revenue (TTM)	$-564,021,000
Debt/Equity	N/A
Free Cash Flow	N/A
Rev Growth	N/A

Analyst Consensus

None

Target: $N/A

Based on None Analysts

📈 Analysis

News Headlines & Context:

Fundamental Analysis:

Revenue Growth: Not provided, but total revenue was -$564,021,000.

Profit Margins: Operating margin is 2.0%, and profit margin is -41.08%.

Earnings Per Share (EPS): Trailing EPS is $67.14.

P/E Ratio: Trailing P/E is 5.90.

Market Capitalization: $279,372,760,560.

The fundamentals indicate a negative revenue growth, low operating margin, and a negative profit margin, which could be a concern for investors.

Current Market Position:

Current Price: $398.85

Recent Price Action: The stock has been trading in a range, with a recent low of $398.3 and a high of $403.65.

Support and Resistance: Key support levels are around $395-$396, and resistance levels are around $402-$403.

Technical Analysis:

Technical Indicators

RSI (14)

33.8

MACD

Bullish

50-day SMA

$391.22

SMA Trends: The 5-day SMA is $401.01, the 20-day SMA is $409.44, and the 50-day SMA is $391.22.

Bollinger Bands: The middle band is $409.44, the upper band is $429.60, and the lower band is $389.28.

The technical indicators suggest that the stock is oversold, with an RSI of 33.8 and a bullish MACD signal.

True Sentiment Analysis (Delta 40-60 Options):

Overall Sentiment: Balanced

Call vs Put Dollar Volume: Call dollar volume is $28,039,337, and put dollar volume is $19,003,250.

The options flow sentiment is balanced, indicating no clear directional bias.

Key Price Levels (observational only):

Support

$395.00

Resistance

$403.00

Entry

$399.00

Target

$405.00

Stop Loss

$393.00

25-Day Price Forecast:

GLD is projected for $396.00 to $412.00

The forecast is based on the current technical trends, momentum, and indicators, including the SMA trends, RSI momentum, MACD signals, and recent volatility (ATR).

Defined Risk Strategy Recommendations:

Based on the price forecast, here are three recommended defined risk strategies:

Bull Call Spread: Buy the $400 call and sell the $405 call, expiring on 2026-10-16.
Iron Condor: Sell the $395 put, buy the $390 put, buy the $405 call, and sell the $410 call, expiring on 2026-10-16.
Protective Put: Buy the $395 put, expiring on 2026-10-16.

Risk Factors:

Technical warning signs or weaknesses, such as a break below the 50-day SMA.
Sentiment divergences from price action, such as a decrease in call volume.
Volatility and ATR considerations, such as an increase in volatility.

Summary & Conviction Level:

Overall Bias: Neutral

Conviction Level: Medium

One-line Trade Idea: Consider a defined risk strategy, such as a bull call spread or iron condor, to capitalize on the expected price movement.

View GLD Options Chain