GLD gamma levels.

Where GLD tends to stick and where it slips: the call wall, put wall, gamma flip and Volt, 15-minute delayed and free.

• GLD $392.88 · down 1.38% on the day · negative gamma overall (moves tend to extend)
• Levels: ★ Volt — biggest level 450 (above price · 57.12 / 14.54% away); ↯ Surge — live flow 392 (below price · 0.88 / 0.22% away); ‖ call wall — ceiling, sticky 450 (above price · 57.12 / 14.54% away); ‖ put wall — floor, slippery 390 (below price · 2.88 / 0.73% away); ⚡ gamma flip 393.75 (above price · 0.87 / 0.22% away); ↘ Reversal 390 (below price · 2.88 / 0.73% away)
• Expected move today ±6.81
• Strikes nearest the money (high to low): 395 negative, 394 negative, 393 negative, 392 negative, 391 negative, 390 negative
• Weekly magnet confluence: the next 4 weekly expirations put their biggest positive-gamma level below price (agreement of positioning, not a prediction).
• Since yesterday's close, positioning grew at 380, 385, 390 and faded at 410, 440, 450.
• Event pricing: the options market prices an unusually large move into 2026-09-24 (±$4.53 by that date, about 5.3x this board's normal daily move). On single names this is usually an earnings report. Descriptive of the market's own pricing, never a forecast.