GLD has carved a triple bottom into the mid-360s / high-360s and is now dancing on the HVL at 370 — the gamma flip. Spot at 370.35 sits just above that pivot, so the tape is still in a positive GEX regime, but only by a hair.
That makes 370 the story: not a random round number, but where absolute gamma (Ab1), the #2 put wall (P2), and the regime line stack together. Price has defended this zone three times. The upside magnet is the 400 call wall (C1); the structural floor is the 350 put wall (P1).
🔶 Regime Context 🔶
Spot is holding above HVL 370, so the framework stays supportive — but GLD is living on the flip line, not safely extended above it. A clean loss of 370 would flip the regime read and reopen the path toward the put wall cluster below.
🔶 Options Structure Context 🔶
👉 400 – C1 (highest call NETGEX wall)
That is the primary upside reference on this 46 DTE cumulative map. The strongest call flow also landed at 400 (CV + nCV) — so the wall and the near-dated call volume peak rhyme.
👉 392 – C2 | 380 – C3 — intermediate call walls on the way up.
🔶 Downside Structure 🔶
👉 370 – HVL / Ab1 / P2 / D−
Confluence at 370:
👉 350 – P1 / POI / nPOI
Confluence at 350:
👉 360 – P3 — next put wall between HVL and P1.
🔶 Options Sentiment 🔶
CALL$ 21.4% (46 DTE) means call options at an equivalent distance from spot are priced 21.4% higher than the corresponding puts — mild call pricing skew, not an extreme bid.
🔶 Key Structure to Watch 🔶
The key question is whether 370 keeps absorbing dips and price can build toward 400 — or whether a break below HVL opens the slide into the 350 put wall.
That makes 370 the story: not a random round number, but where absolute gamma (Ab1), the #2 put wall (P2), and the regime line stack together. Price has defended this zone three times. The upside magnet is the 400 call wall (C1); the structural floor is the 350 put wall (P1).
🔶 Regime Context 🔶
Spot is holding above HVL 370, so the framework stays supportive — but GLD is living on the flip line, not safely extended above it. A clean loss of 370 would flip the regime read and reopen the path toward the put wall cluster below.
🔶 Options Structure Context 🔶
👉 400 – C1 (highest call NETGEX wall)
That is the primary upside reference on this 46 DTE cumulative map. The strongest call flow also landed at 400 (CV + nCV) — so the wall and the near-dated call volume peak rhyme.
👉 392 – C2 | 380 – C3 — intermediate call walls on the way up.
🔶 Downside Structure 🔶
👉 370 – HVL / Ab1 / P2 / D−
Confluence at 370:
- HVL — gamma flip / regime pivot
- Ab1 — largest absolute gamma
- P2 — #2 put wall
- D− — largest negative delta exposure peak
👉 350 – P1 / POI / nPOI
Confluence at 350:
- P1 — highest put NETGEX wall
- POI — highest put open interest
- nPOI — net put OI peak
👉 360 – P3 — next put wall between HVL and P1.
🔶 Options Sentiment 🔶
CALL$ 21.4% (46 DTE) means call options at an equivalent distance from spot are priced 21.4% higher than the corresponding puts — mild call pricing skew, not an extreme bid.
🔶 Key Structure to Watch 🔶
- 370 — HVL / Ab1 / P2 — hold = triple-bottom thesis alive
- 400 — C1 call wall + CV/nCV — upside level
- 350 — P1 / POI — put-wall floor if HVL breaks
The key question is whether 370 keeps absorbing dips and price can build toward 400 — or whether a break below HVL opens the slide into the 350 put wall.
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Boost up your charts with Options PRO!
REAL Options metrics for over 200+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ GEX ✔ IVRank ✔ CALL/PUT skew ✔ Volatility✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
REAL Options metrics for over 200+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ GEX ✔ IVRank ✔ CALL/PUT skew ✔ Volatility✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.