Learn/Iron Condor/GLD

01 — GLD · IRON CONDOR

Best GLD iron condor 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 · 4-leg iron condor
$330/$335P + $377/$382C · Nov 27
27 DAYS · BOTH WINGS 5 WIDE · SELL TO OPEN
Credit
$176
Return
54.32%
PoP
66%
WingsExpirationCreditReturn ↓PoP
$335P / $377C
5 wide wings
Dec 4
34 days
$135
$1.35 / share
36.99%62%
$330P / $382C
5 wide wings
Nov 27
27 days
$87
$0.87 / share
21.07%74%
$330P / $382C
5 wide wings
Dec 4
34 days
$62
$0.62 / share
14.16%70%
4 of 4 matchesCustomize filters →

03 — Strategy

Iron Condor, plainly explained

Traders expecting consolidation and seeking bounded risk/reward.

P&L at expiration · $330/$335P + $377/$382C · 27 DTE

$0+$176−$324$330$335P$377C$382

Key numbers

Premium collected+$176
Max profit+$176
Max loss−$324
Profit zone$333.24 — $378.76
Probability of profit66%
Days to expiration27

When this trade makes sense

Use when

    Avoid when

      Read the full iron condor guide →

      04 — By condition

      Read by market condition

      01
      High Implied Volatility
      READ →
      02
      Range-Bound Market
      READ →
      03
      Earnings Week
      READ →
      04
      Bullish Trend
      READ →
      05
      Post-Earnings IV Crush
      READ →

      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.

      Analyze GLD free →