{"symbol":"GLD","name":"SPDR Gold Shares","spot":"369.00","strategy":"csp","strategy_label":"cash-secured puts","rv":"19.6","rv_window":30,"gap_distortion":null,"rv_all":"19.6","earnings":null,"earnings_days":null,"any_sell":true,"rows":[{"profile":"conservative","band":"0.05–0.15","notes":"~5-15Δ. Assignment is genuinely unlikely; you are paid little for that. Skips anything spanning earnings and demands a real vol premium.","sell":true,"headline":"Best put to sell: see below.","reasons":["Best contract prices vol at 1.46x realized.","91% chance of expiring unassigned (92% probability of profit at 9Δ).","9% annualized on $34,942 of collateral."],"best":{"expiry":"2026-10-30","dte":7,"strike":"350","delta":"-0.09","credit":"0.58","capital":"34,942","static":"0.2","aroc":"9","vay":"0.30","vay_band":"poor","pop":"92","p_otm":"91","iv":"29","iv_rv":"1.46","earnings":false,"contract":"GLD261030P00350000","breakeven":"349.43","cushion":"5.1"}},{"profile":"moderate","band":"0.15–0.25","notes":"~15-25Δ, 21-60 DTE. Where most premium-selling literature sits: meaningful credit, assignment a real but minority outcome.","sell":true,"headline":"Best put to sell: see below.","reasons":["Best contract prices vol at 1.31x realized.","76% chance of expiring unassigned (80% probability of profit at 23Δ).","26% annualized on $35,821 of collateral."],"best":{"expiry":"2026-10-30","dte":7,"strike":"360","delta":"-0.23","credit":"1.79","capital":"35,821","static":"0.5","aroc":"26","vay":"1.02","vay_band":"rich","pop":"80","p_otm":"76","iv":"26","iv_rv":"1.31","earnings":false,"contract":"GLD261030P00360000","breakeven":"358.21","cushion":"2.4"}},{"profile":"aggressive","band":"0.25–0.40","notes":"~25-40Δ. Roughly one trade in three finishes in the money, so only coherent if you are willing to own the stock (puts) or be called away (calls) and have sized the position for it.","sell":true,"headline":"Best put to sell: see below.","reasons":["Best contract prices vol at 1.26x realized.","63% chance of expiring unassigned (72% probability of profit at 36Δ).","45% annualized on $36,186 of collateral."],"best":{"expiry":"2026-10-30","dte":7,"strike":"365","delta":"-0.36","credit":"3.14","capital":"36,186","static":"0.9","aroc":"45","vay":"1.83","vay_band":"rich","pop":"72","p_otm":"63","iv":"25","iv_rv":"1.26","earnings":false,"contract":"GLD261030P00365000","breakeven":"361.86","cushion":"1.1"}}],"term":[{"expiry":"10-30","dte":7,"atm_iv":"23","iv_pct":70,"earnings":false,"strike":"360","delta":"-0.23","credit":"1.79","aroc":"26","vay":"1.02","p_otm":"76","iv_rv":"1.31","gamma":"0.086"},{"expiry":"11-06","dte":14,"atm_iv":"23","iv_pct":100,"earnings":false,"strike":"355","delta":"-0.20","credit":"2.11","aroc":"16","vay":"0.61","p_otm":"78","iv_rv":"1.30","gamma":"0.057"},{"expiry":"11-13","dte":21,"atm_iv":"23","iv_pct":67,"earnings":false,"strike":"350","delta":"-0.17","credit":"2.13","aroc":"11","vay":"0.42","p_otm":"81","iv_rv":"1.29","gamma":"0.042"},{"expiry":"11-20","dte":28,"atm_iv":"22","iv_pct":23,"earnings":false,"strike":"350","delta":"-0.19","credit":"2.72","aroc":"10","vay":"0.42","p_otm":"79","iv_rv":"1.24","gamma":"0.041"},{"expiry":"11-27","dte":35,"atm_iv":"21","iv_pct":3,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"12-18","dte":56,"atm_iv":"21","iv_pct":10,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"12-31","dte":69,"atm_iv":"21","iv_pct":4,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"01-15","dte":84,"atm_iv":"21","iv_pct":0,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null}],"timing":{"window":"after hours","quality":"closed","advice":"Market is closed. Quotes are the closing marks.","movement":null,"is_good":false,"clock":"21:07 EDT","streak":null},"cached":false,"age_minutes":0,"generated":"2026-10-23 01:07 UTC"}