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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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
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
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.