GLD Gamma Squeeze, Pin & Wall Analysis

GLD Gold ETF $411.95 -0.51% (updated 2026-06-02)

Today's OI Read — GLD

Where the walls are, where price sits, and what the dealer positioning implies for Gold ETF

In Between Walls?

YES

$410

DOM

$415

2ND

$411.95

Sandwiched between dominant walls — dealer hedging on both sides creates structural pinning.

Magnet Strength Details →

0.52× Low (<0.7×)

Current OI 109,045

30d Avg OI 208,653

Near or below average — wall levels carry typical structural weight.

Put/Call Ratio

0.81

NEUTRAL

Between 0.8–1.2 — balanced positioning. No strong directional lean from options flow alone.

Dominant Wall

$410

▼ Below spot

The highest OI concentration strike — the structural anchor dealers are most committed to hedging.

Distance to #1 Wall

$+1.95

+0.47%

Price is above the dominant wall — acts as support.

Wall Skew

-0.093

BALANCED

Balanced call/put OI at the dominant wall — no dominant dealer incentive in either direction.

Today's Top Setup — GLD

SQUEEZE, PIN, and CAGE scored 0–100 from OI structure. Highest score = today's highest-conviction setup.

PIN — 53.7% hit rate (n=1,719). CAGE — 45.4% (n=1,161). SQUEEZE — 49.5% (n=5,555). Half hit, half don't — the edge is asymmetric payoff.

Strength scores are locked

PRO

See exactly which setup is most likely — and by how much

Unlock

🚀 SQUEEZE

candidate

Strength ██%

5d horizon

Target · Stock pops ≥+5% within 10 trading days — the kind of move where the winners run far enough to outweigh the misses.

Most Likely

📌 PIN

AUC 0.83 measured

Strength 90%

1d horizon

Target · Price closes within 0.5% of $410 (dom strike) by +1d.

↔ CAGE

AUC 0.55 measured

Strength ██%

5d horizon

Target · Price stays between $410 – $415 through +5d.

Top OI Walls

Largest open interest concentrations · sorted by strike price

2026-06-02

Rank	Strike	Call OI	Put OI	Total OI	P/C	% of Max
#5	$421 Resistance	4,286	108	4,394	0.03	66%
#2	$415 Resistance	4,610	875	5,485	0.19	83%
▶ $411.95
#1	$410 Support	3,013	3,628	6,641	1.20	100%
#3	$365 Support	0	5,408	5,408	—	81%
#4	$360 Support	1	5,353	5,354	5353.00	81%

Dealer Magnet Strength

When total OI is elevated vs its 30-day rolling average, dealer hedging is heavier — walls act like magnets. Very High = stronger PIN / CAGE conviction. Near-normal = weaker structural hold.

Current Magnet Strength

Low (<0.7×)

78.2%

228 days · 1d

Normal (0.7–1×)

78.7%

47 days · 1d

Elevated (1–1.5×)

82.5%

40 days · 1d

High (1.5–2×)

80.0%

20 days · 1d

Very High (>2×)

90.2%

82 days · 1d

Containment Rate by OI Magnitude Bucket

OI ratio = today's total OI ÷ 30-day rolling average. Does elevated OI predict price staying inside the dominant wall range?

OI Level	Days	1d	2d	5d	10d	20d
Low (<0.7×)	228	78.2%	72.8%	54.3%	47.7%	42.7%
Normal (0.7–1×)	47	78.7%	78.7%	61.7%	42.6%	23.4%
Elevated (1–1.5×)	40	82.5%	62.5%	40.0%	30.0%	25.0%
High (1.5–2×)	20	80.0%	70.0%	55.0%	60.0%	68.4%
Very High (>2×)	82	90.2%	84.1%	64.6%	54.9%	41.0%

SQUEEZE / PIN / CAGE Setup Backtest — GLD

Last 50 sessions — which setup fired, what the score was, and whether it hit. See the actual win/loss record.

0 days ·

Min Strength 60

Magnet:

2026-05-26

📌 PIN

Strength 90%

Magnet

Floor $380

Ceiling $415

Range 8.5%

✗ Miss

Win Criteria

Close within 0.5% of $415 by end of day

What Happened

$408.49

-1.33%

Closed 1.6% from wall (need ≤0.5%) — moved -1.3%

2026-05-22

📌 PIN

Strength 90%

Magnet

Floor $380

Ceiling $415

Range 8.5%

✓ Hit

Win Criteria

Close within 0.5% of $415 by end of day

What Happened

$414.00

+0.04%

2026-05-21

📌 PIN

Strength 75%

Magnet

Floor $418

Ceiling $420

Range 0.5%

✗ Miss

Win Criteria

Close within 0.5% of $418 by end of day

What Happened

$413.82

-0.76%

Closed 1.0% from wall (need ≤0.5%) — moved -0.8%

2026-05-20

📌 PIN

Strength 75%

Magnet

Floor $418

Ceiling $420

Range 0.5%

✓ Hit

Win Criteria

Close within 0.5% of $418 by end of day

What Happened

$416.99

-0.10%

2026-05-19

↔ CAGE

Strength 55%

Magnet

Floor $418

Ceiling $420

Range 0.5%

✗ Miss

Win Criteria

Stay inside $418–$420 for 5 days

What Happened

$408.49

-0.73%

Broke up — max move 1.4% (need ≤2%)

2026-05-18

📌 PIN

Strength 75%

Magnet

Floor $418

Ceiling $420

Range 0.5%

✗ Miss

Win Criteria

Close within 0.5% of $418 by end of day

What Happened

$411.50

-1.66%

Closed 1.6% from wall (need ≤0.5%) — moved -1.7%

2026-05-15

↔ CAGE

Strength 20%

Magnet

Floor $430

Ceiling $460

Range 7.2%

✓ Hit

Win Criteria

Stay inside $430–$460 for 5 days

What Happened

$413.82

-0.83%

2026-05-14

↔ CAGE

Strength 20%

Magnet

Floor $475

Ceiling $500

Range 5.9%

✗ Miss

Win Criteria

Stay inside $475–$500 for 5 days

What Happened

$416.99

-2.39%

Broke down — max move 3.7% (need ≤2%)

2026-05-13

↔ CAGE

Strength 55%

Magnet

Floor $495

Ceiling $500

Range 1.2%

✗ Miss

Win Criteria

Stay inside $495–$500 for 5 days

What Happened

$417.40

-3.04%

Broke down — max move 3.1% (need ≤2%)

2026-05-12

↔ CAGE

Strength 35%

Magnet

Floor $495

Ceiling $500

Range 1.2%

✗ Miss

Win Criteria

Stay inside $495–$500 for 5 days

What Happened

$411.50

-4.95%

Broke down — max move 3.6% (need ≤2%)

2026-05-11

↔ CAGE

Strength 55%

Magnet

Floor $495

Ceiling $500

Range 1.2%

✓ Hit

Win Criteria

Stay inside $495–$500 for 5 days

What Happened

$418.43

-3.73%

2026-05-08

↔ CAGE

Strength 55%

Magnet

Floor $495

Ceiling $500

Range 1.2%

✓ Hit

Win Criteria

Stay inside $495–$500 for 5 days

What Happened

$417.29

-3.80%

2026-05-07

📌 PIN

Strength 30%

Magnet

Floor $370

Ceiling $500

Range 30.1%

✗ Miss

Win Criteria

Close within 0.5% of $370 by end of day

What Happened

$433.77

+0.48%

Closed 14.8% from wall (need ≤0.5%) — moved +0.5%

2026-05-06

↔ CAGE

Strength 55%

Magnet

Floor $425

Ceiling $430

Range 1.2%

✓ Hit

Win Criteria

Stay inside $425–$430 for 5 days

What Happened

$430.50

-0.11%

2026-05-05

↔ CAGE

Strength 55%

Magnet

Floor $425

Ceiling $430

Range 1.2%

✗ Miss

Win Criteria

Stay inside $425–$430 for 5 days

What Happened

$432.93

+3.50%

Broke up — max move 3.7% (need ≤2%)

2026-05-04

↔ CAGE

Strength 75%

Magnet

Floor $425

Ceiling $430

Range 1.2%

✗ Miss

Win Criteria

Stay inside $425–$430 for 5 days

What Happened

$434.65

+4.81%

Broke up — max move 4.1% (need ≤2%)

2026-05-01

📌 PIN

Strength 50%

Magnet

Floor $370

Ceiling $430

Range 14.2%

✗ Miss

Win Criteria

Close within 0.5% of $430 by end of day

What Happened

$414.71

-2.00%

Closed 3.6% from wall (need ≤0.5%) — moved -2.0%

2026-04-30

↔ CAGE

Strength 35%

Magnet

Floor $431

Ceiling $443

Range 2.8%

✗ Miss

Win Criteria

Stay inside $431–$443 for 5 days

What Happened

$431.68

+1.89%

Broke down — max move 2.1% (need ≤2%)

2026-04-29

↔ CAGE

Strength 55%

Magnet

Floor $441

Ceiling $443

Range 0.5%

✓ Hit

Win Criteria

Stay inside $441–$443 for 5 days

What Happened

$430.96

+3.25%

2026-04-28

↔ CAGE

Strength 75%

Magnet

Floor $405

Ceiling $410

Range 1.2%

✓ Hit

Win Criteria

Stay inside $405–$410 for 5 days

What Happened

$418.27

-0.86%

2026-04-27

↔ CAGE

Strength 75%

Magnet

Floor $405

Ceiling $410

Range 1.2%

✗ Miss

Win Criteria

Stay inside $405–$410 for 5 days

What Happened

$414.71

-3.53%

Broke down — max move 2.9% (need ≤2%)

2026-04-24

↔ CAGE

Strength 75%

Magnet

Floor $405

Ceiling $410

Range 1.2%

✗ Miss

Win Criteria

Stay inside $405–$410 for 5 days

What Happened

$423.18

-2.32%

Broke down — max move 3.7% (need ≤2%)

2026-04-23

📌 PIN

Strength 20%

Magnet

Floor $410

Ceiling $460

Range 11.6%

✗ Miss

Win Criteria

Close within 0.5% of $410 by end of day

What Happened

$433.25

+0.51%

Closed 5.4% from wall (need ≤0.5%) — moved +0.5%

2026-04-22

📌 PIN

Strength 30%

Magnet

Floor $410

Ceiling $460

Range 11.5%

✗ Miss

Win Criteria

Close within 0.5% of $460 by end of day

What Happened

$431.04

-0.97%

Closed 6.7% from wall (need ≤0.5%) — moved -1.0%

2026-04-21

↔ CAGE

Strength 35%

Magnet

Floor $440

Ceiling $460

Range 4.7%

✓ Hit

Win Criteria

Stay inside $440–$460 for 5 days

What Happened

$421.91

-1.78%

2026-04-20

↔ CAGE

Strength 35%

Magnet

Floor $440

Ceiling $460

Range 4.5%

✗ Miss

Win Criteria

Stay inside $440–$460 for 5 days

What Happened

$429.89

-2.76%

Broke down — max move 2.8% (need ≤2%)

2026-04-17

↔ CAGE

Strength 35%

Magnet

Floor $440

Ceiling $460

Range 4.5%

✗ Miss

Win Criteria

Stay inside $440–$460 for 5 days

What Happened

$433.25

-2.84%

Broke down — max move 3.7% (need ≤2%)

2026-04-16

↔ CAGE

Strength 20%

Magnet

Floor $420

Ceiling $450

Range 6.8%

✗ Miss

Win Criteria

Stay inside $420–$450 for 5 days

What Happened

$431.04

-2.05%

Broke up — max move 2.4% (need ≤2%)

2026-04-15

↔ CAGE

Strength 20%

Magnet

Floor $420

Ceiling $450

Range 6.8%

✓ Hit

Win Criteria

Stay inside $420–$450 for 5 days

What Happened

$435.26

-1.18%

2026-04-14

📌 PIN

Strength 5%

Magnet

Floor $420

Ceiling $520

Range 22.5%

✗ Miss

Win Criteria

Close within 0.5% of $420 by end of day

What Happened

$440.46

-1.04%

Closed 4.6% from wall (need ≤0.5%) — moved -1.0%

2026-04-13

📌 PIN

Strength 5%

Magnet

Floor $420

Ceiling $520

Range 23.0%

✗ Miss

Win Criteria

Close within 0.5% of $420 by end of day

What Happened

$445.09

+2.23%

Closed 5.8% from wall (need ≤0.5%) — moved +2.2%

2026-04-10

📌 PIN

Strength 5%

Magnet

Floor $420

Ceiling $520

Range 22.9%

✗ Miss

Win Criteria

Close within 0.5% of $420 by end of day

What Happened

$435.36

-0.40%

Closed 3.5% from wall (need ≤0.5%) — moved -0.4%

2026-04-09

📌 PIN

Strength 20%

Magnet

Floor $400

Ceiling $450

Range 11.4%

✗ Miss

Win Criteria

Close within 0.5% of $400 by end of day

What Happened

$437.13

-0.18%

Closed 8.5% from wall (need ≤0.5%) — moved -0.2%

2026-04-06

📌 PIN

Strength 20%

Magnet

Floor $400

Ceiling $450

Range 11.7%

✗ Miss

Win Criteria

Close within 0.5% of $400 by end of day

What Happened

$435.36

+1.80%

Closed 93.5% from wall (need ≤0.5%) — moved -100.0%

2026-04-02

↔ CAGE

Strength 55%

Magnet

Floor $440

Ceiling $443

Range 0.7%

✗ Miss

Win Criteria

Stay inside $440–$443 for 5 days

What Happened

$437.13

+1.80%

Broke down — max move 100.0% (need ≤2%)

2026-04-01

📌 PIN

Strength 75%

Magnet

Floor $410

Ceiling $440

Range 6.9%

✗ Miss

Win Criteria

Close within 0.5% of $440 by end of day

What Happened

$429.41

-1.92%

Closed 2.4% from wall (need ≤0.5%) — moved -1.9%

2026-03-31

↔ CAGE

Strength 55%

Magnet

Floor $410

Ceiling $415

Range 1.2%

✓ Hit

Win Criteria

Stay inside $410–$415 for 5 days

What Happened

Data pending

2026-03-30

📌 PIN

Strength 30%

Magnet

Floor $390

Ceiling $430

Range 9.6%

✗ Miss

Win Criteria

Close within 0.5% of $390 by end of day

What Happened

$430.29

+3.79%

Closed 9.7% from wall (need ≤0.5%) — moved +3.8%

2026-03-27

↔ CAGE

Strength 55%

Magnet

Floor $410

Ceiling $430

Range 4.8%

✗ Miss

Win Criteria

Stay inside $410–$430 for 5 days

What Happened

$427.65

+3.12%

Broke down — max move 5.6% (need ≤2%)

2026-03-26

📌 PIN

Strength 90%

Magnet

Floor $400

Ceiling $430

Range 7.5%

✗ Miss

Win Criteria

Close within 0.5% of $400 by end of day

What Happened

$414.70

+3.51%

Closed 3.7% from wall (need ≤0.5%) — moved +3.5%

2026-03-25

📌 PIN

Strength 5%

Magnet

Floor $400

Ceiling $495

Range 22.8%

✗ Miss

Win Criteria

Close within 0.5% of $495 by end of day

What Happened

$400.64

-3.76%

Closed 22.7% from wall (need ≤0.5%) — moved -3.8%

2026-03-24

📌 PIN

Strength 50%

Magnet

Floor $400

Ceiling $450

Range 12.4%

✗ Miss

Win Criteria

Close within 0.5% of $400 by end of day

What Happened

$416.29

+3.01%

Closed 4.0% from wall (need ≤0.5%) — moved +3.0%

2026-03-23

↔ CAGE

Strength 75%

Magnet

Floor $445

Ceiling $450

Range 1.2%

✗ Miss

Win Criteria

Stay inside $445–$450 for 5 days

What Happened

$414.58

+2.61%

Broke up — max move 3.0% (need ≤2%)

2026-03-20

📌 PIN

Strength 5%

Magnet

Floor $440

Ceiling $495

Range 13.3%

✗ Miss

Win Criteria

Close within 0.5% of $495 by end of day

What Happened

$404.04

-2.26%

Closed 22.0% from wall (need ≤0.5%) — moved -2.3%

2026-03-19

📌 PIN

Strength 30%

Magnet

Floor $400

Ceiling $450

Range 11.7%

✗ Miss

Win Criteria

Close within 0.5% of $450 by end of day

What Happened

$413.38

-3.06%

Closed 8.6% from wall (need ≤0.5%) — moved -3.1%

2026-03-18

📌 PIN

Strength 40%

Magnet

Floor $400

Ceiling $450

Range 11.2%

✗ Miss

Win Criteria

Close within 0.5% of $450 by end of day

What Happened

$426.41

-4.12%

Closed 5.3% from wall (need ≤0.5%) — moved -4.1%

2026-03-17

📌 PIN

Strength 5%

Magnet

Floor $380

Ceiling $450

Range 15.2%

✗ Miss

Win Criteria

Close within 0.5% of $450 by end of day

What Happened

$444.74

-3.16%

Closed 1.1% from wall (need ≤0.5%) — moved -3.2%

2026-03-16

📌 PIN

Strength 5%

Magnet

Floor $380

Ceiling $450

Range 15.2%

✗ Miss

Win Criteria

Close within 0.5% of $450 by end of day

What Happened

$459.27

-0.25%

Closed 2.0% from wall (need ≤0.5%) — moved -0.3%

2026-03-13

📌 PIN

Strength 10%

Magnet

Floor $400

Ceiling $450

Range 10.8%

✗ Miss

Win Criteria

Close within 0.5% of $450 by end of day

What Happened

$460.43

-0.09%

Closed 2.3% from wall (need ≤0.5%) — moved -0.1%

2026-03-12

↔ CAGE

Strength 35%

Magnet

Floor $485

Ceiling $505

Range 4.3%

✓ Hit

Win Criteria

Stay inside $485–$505 for 5 days

What Happened

$426.41

-8.67%