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
$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 · 4-leg iron condor
$350/$356P + $391/$396C · Nov 27
29 DAYS · BOTH WINGS 6 WIDE · SELL TO OPEN
Credit
$249
Return
70.94%
PoP
62%
WingsExpirationCreditReturn ↓PoP
$358P / $389C
5 wide wings
Nov 20
22 days
$173
$1.73 / share
52.91%62%
$357P / $390C
7 wide wings
Nov 27
29 days
$241
$2.41 / share
52.51%60%
$356P / $391C
5 wide wings
Nov 20
22 days
$167
$1.67 / share
50.15%66%
$357P / $390C
5 wide wings
Nov 20
22 days
$159
$1.59 / share
46.63%64%
$355P / $392C
5 wide wings
Nov 27
29 days
$152
$1.52 / share
43.68%64%
$354P / $393C
5 wide wings
Nov 20
22 days
$137
$1.37 / share
37.74%70%
$355P / $392C
5 wide wings
Nov 20
22 days
$117
$1.17 / share
30.55%68%
$352P / $395C
7 wide wings
Nov 20
22 days
$132
$1.32 / share
23.24%74%
$353P / $394C
5 wide wings
Nov 20
22 days
$78
$0.78 / share
18.48%72%
10 of 12 matchesCustomize filters →

03 — Strategy

Iron Condor, plainly explained

Traders expecting consolidation and seeking bounded risk/reward.

P&L at expiration · $350/$356P + $391/$396C · 29 DTE

$0+$249−$351$350$356P$391C$396

Key numbers

Premium collected+$249
Max profit+$249
Max loss−$351
Profit zone$353.51 — $393.49
Probability of profit62%
Days to expiration29

When this trade makes sense

Use when

    Avoid when

      Read the full iron condor 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.