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
$368.53-3.2% / 30d
IV rank (1y)
17.5% · low
Option vol
58K /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
$382/$387 call spread · Nov 27
29 DAYS · 2.3% OTM · 5 WIDE · SELL TO OPEN
Credit
$242
Return
93.8%
PoP
71%
SpreadExpirationCreditReturn ↓PoP
$379 / $384
1.5% OTM · 5 wide
Dec 4
36 days
$232
$2.32 / share
86.57%63%
$377 / $382
0.9% OTM · 5 wide
Dec 4
36 days
$194
$1.94 / share
63.4%60%
$378 / $383
1.2% OTM · 5 wide
Nov 27
29 days
$190
$1.90 / share
61.29%64%
$375 / $380
0.4% OTM · 5 wide
Nov 20
22 days
$188
$1.88 / share
60.26%61%
$378 / $383
1.2% OTM · 5 wide
Dec 4
36 days
$185
$1.85 / share
58.73%62%
$376 / $381
0.7% OTM · 5 wide
Nov 27
29 days
$163
$1.63 / share
48.37%61%
$376 / $381
0.7% OTM · 5 wide
Nov 20
22 days
$145
$1.45 / share
40.85%63%
$379 / $384
1.5% OTM · 5 wide
Nov 27
29 days
$140
$1.40 / share
38.89%66%
$380 / $385
1.7% OTM · 5 wide
Nov 27
29 days
$140
$1.40 / share
38.89%68%
10 of 27 matchesCustomize filters →

03 — Strategy

Bear Call Spreads, plainly explained

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

P&L at expiration · $382/$387 call spread · 29 DTE

$0+$242−$258$387 LONG$384.42 BE$382 SHORT

Key numbers

Premium collected+$242
Max profit+$242
Max loss−$258
Breakeven$384.42
Spread$382 / $387
Probability of profit71%
Days to expiration29

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.

      Option Agent scans live chains and recommends setups based on current market conditions.

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      Option Agent is not a registered investment advisor, broker-dealer, or financial planner. All analysis, recommendations, and data are for informational and educational purposes only and do not constitute personalized investment advice. Options trading involves substantial risk of loss and is not suitable for all investors. Past probability calculations do not guarantee future results. Consult a qualified financial advisor before making investment decisions.