SPDR Gold Shares (GLD) Options Chain
The options chain displays all available contracts with real-time quotes, Greeks, volume, and open interest for each strike and expiration. It is the primary tool for options trade selection.
SPDR Gold Shares (GLD) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $155.84B, listed on AMEX, carrying a beta of 0.16 to the broader market. The investment objective of SPDR Gold Trust (the "Trust") is for the shares to reflect the performance of the price of gold bullion, less the Trust's expensesThe first US traded gold ETF and the first US-listed ETF backed by a physical assetFor many investors, the costs associated with buying GLD shares in the secondary market and the payment of the Trust's ongoing expenses may be lower than the costs associated with buying, storing and insuring physical gold in a traditional allocated gold bullion account public since 2004-11-18.
Snapshot as of May 15, 2026.
- Spot Price
- $418.08
- Total OI
- 5.1M
- Total Volume
- 355.7K
- Front Expiration
- 28 days
- Second Expiration
- 34 days
- ATM IV
- 23.3%
- Avg Bid/Ask Spread
- 22.80%
As of May 15, 2026, SPDR Gold Shares (GLD) has 5.1M open contracts and 355.7K contracts traded. The nearest expiration is 28 days out, followed by 34 days. ATM implied volatility is 23.3%. Average bid/ask spread across the chain is 22.80%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How GLD options chain Data Feeds Strategy Selection
Strategy selection on SPDR Gold Shares options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 23.3% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
Learn how the options chain is reported and how to read the data →
GLD most-active contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $418.00 | May 22, 2026 | 31.3K | 1.1K | 22.9% | $5.40 | $5.65 |
Top 1 contracts from the ORATS-sourced nightly scan; ranked by volume within the broader S&P 500/400/600 + ETF universe.
Frequently asked GLD options chain questions
- What does the GLD options chain show right now?
- As of May 15, 2026, SPDR Gold Shares (GLD) has 5.1M contracts outstanding and 355.7K traded today, with ATM IV of 23.3%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for GLD options?
- The nearest expiration is 28 days out, followed by 34 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are GLD options bid/ask spreads?
- Average bid/ask spread across the chain is 22.80%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.