01 — GLD · BEAR CALL SPREADS

Best GLD bear call spreads setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

Largest gold ETF with steady options flow tied to real-rate moves, dollar strength, and central-bank buying.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
SPDR Gold Shares
Commodity ETF
GLD
$355.78-6.6% / 30d
IV rank (1y)
24.6% · low
Option vol
27K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick · credit spread
$364/$369 call spread · Nov 27
27 DAYS · 2.3% OTM · 5 WIDE · SELL TO OPEN
Credit
$1700
Return
170000%
PoP
61%
SpreadExpirationCreditReturn ↓PoP
$366 / $371
2.9% OTM · 5 wide
Dec 4
34 days
$264
$2.64 / share
111.86%63%
$368 / $373
3.4% OTM · 5 wide
Dec 4
34 days
$242
$2.42 / share
93.8%66%
$367 / $372
3.1% OTM · 5 wide
Dec 4
34 days
$241
$2.41 / share
93.05%64%
$369 / $374
3.7% OTM · 5 wide
Dec 4
34 days
$206
$2.06 / share
70.07%67%
$365 / $370
2.6% OTM · 5 wide
Dec 4
34 days
$176
$1.76 / share
54.32%61%
$366 / $371
2.9% OTM · 5 wide
Nov 27
27 days
$150
$1.50 / share
42.86%65%
$365 / $370
2.6% OTM · 5 wide
Nov 27
27 days
$149
$1.49 / share
42.45%63%
$370 / $375
4.0% OTM · 5 wide
Dec 4
34 days
$149
$1.49 / share
42.45%68%
$368 / $373
3.4% OTM · 5 wide
Nov 27
27 days
$133
$1.33 / share
36.24%68%
10 of 19 matchesCustomize filters →

03 — Strategy

Bear Call Spreads, plainly explained

Moderately bearish or neutral traders seeking defined-risk credit income.

P&L at expiration · $364/$369 call spread · 27 DTE

$0+$1,700−$-1,200$369 LONG$381.00 BE$364 SHORT

Key numbers

Premium collected+$1,700
Max profit+$1,700
Breakeven$381.00
Spread$364 / $369
Probability of profit61%
Days to expiration27

When this trade makes sense

Use when

    Avoid when

      Read the full bear call spreads guide →

      05 — RUN IT LIVE

      See the highest chance of profit on GLD.

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