GLD Options Are Pricing a $12.75 Move — But the $400 Call Wall Sits Right Overhead

This is SPDR Gold Shares, ticker GLD, for August 8, 2026. Gold's sitting at $398.50, and the options market is leaning bullish. Traders are pricing a range of $385.75 to $411.25 between now and the August 14 expiration. But here's the one number that breaks the whole read: if GLD closes below $393, forget everything else — the bullish case is dead. So the bias is up, the range is $385.75 to…

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