01 — GLD · BULL PUT SPREADS

Best GLD bull put 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
$345/$340 put spread · Dec 4
34 DAYS · 3.0% OTM · 5 WIDE · SELL TO OPEN
Credit
$177
Return
54.8%
PoP
69%
SpreadExpirationCreditReturn ↓PoP
$345 / $340
3.0% OTM · 5 wide
Nov 27
27 days
$145
$1.45 / share
40.85%70%
$350 / $345
1.6% OTM · 5 wide
Nov 27
27 days
$130
$1.30 / share
35.14%63%
$350 / $345
1.6% OTM · 5 wide
Dec 4
34 days
$119
$1.19 / share
31.23%62%
4 of 4 matchesCustomize filters →

03 — Strategy

Bull Put Spreads, plainly explained

Moderately bullish traders who want defined risk and credit-based income.

P&L at expiration · $345/$340 put spread · 34 DTE

$0+$177−$323$340 LONG$343.23 BE$345 SHORT

Key numbers

Premium collected+$177
Max profit+$177
Max loss−$323
Breakeven$343.23
Spread$345 / $340
Probability of profit69%
Days to expiration34

When this trade makes sense

Use when

    Avoid when

      Read the full bull put spreads guide →

      05 — RUN IT LIVE

      See the highest chance of profit on GLD.

      Alpha Hawk scans live chains and recommends setups based on current market conditions.

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