GLD expected-move history SPDR Gold Shares
Every trading day after the close we record what the options market was pricing — per expiration, before the outcome was known. When an expiration passes, the outcome is written next to the original estimate. Estimates are never revised after the fact. How to read these statistics · recording since Aug 31, 2026
Comparisons resolved3
Close inside range33%
|Actual| under expected33%
Avg expected move±0.4%
Avg |actual| move1.0%
Mean abs. error0.7pt
Implied vs realized, by expiration
For each expiration: the amber outline is the expected move recorded closest to expiry; the solid bar is what the stock actually did. Signed values are printed beneath the bars.
expected (recorded)actual
Currently recorded (awaiting outcome)
| Snapshot | Expires | DTE | Spot then | Expected move | Range | Method |
|---|---|---|---|---|---|---|
| Sep 02 | Sep 02 | 0 | 402.36 | ±0.1% | 401.80–402.93 | em-1.0 |
| Sep 01 | Sep 02 | 1 | 397.20 | ±1.0% | 393.11–401.29 | em-1.0 |
| Aug 31 | Sep 02 | 2 | 408.51 | ±1.3% | 403.20–413.81 | em-1.0 |
| Sep 02 | Sep 03 | 1 | 402.36 | ±1.1% | 397.95–406.77 | em-1.0 |
| Sep 01 | Sep 03 | 2 | 397.20 | ±1.5% | 391.25–403.15 | em-1.0 |
| Aug 31 | Sep 03 | 3 | 408.51 | ±1.6% | 401.88–415.14 | em-1.0 |
| Sep 02 | Sep 04 | 2 | 402.36 | ±1.7% | 395.51–409.21 | em-1.0 |
| Sep 01 | Sep 04 | 3 | 397.20 | ±2.0% | 389.45–404.95 | em-1.0 |
| Aug 31 | Sep 04 | 4 | 408.51 | ±2.0% | 400.38–416.63 | em-1.0 |
| Sep 02 | Sep 08 | 6 | 402.36 | ±2.2% | 393.54–411.19 | em-1.0 |
| Sep 01 | Sep 08 | 7 | 397.20 | ±2.4% | 387.82–406.57 | em-1.0 |
| Aug 31 | Sep 08 | 8 | 408.51 | ±2.4% | 398.88–418.13 | em-1.0 |
| Sep 02 | Sep 09 | 7 | 402.36 | ±2.5% | 392.38–412.33 | em-1.0 |
| Sep 01 | Sep 09 | 8 | 397.20 | ±2.6% | 386.82–407.57 | em-1.0 |
| Aug 31 | Sep 09 | 9 | 408.51 | ±2.5% | 398.16–418.86 | em-1.0 |
| Sep 02 | Sep 10 | 8 | 402.36 | ±2.8% | 391.26–413.46 | em-1.0 |
| Sep 01 | Sep 10 | 9 | 397.20 | ±2.8% | 385.93–408.48 | em-1.0 |
| Aug 31 | Sep 10 | 10 | 408.51 | ±2.8% | 397.21–419.81 | em-1.0 |
| Sep 02 | Sep 11 | 9 | 402.36 | ±3.0% | 390.13–414.58 | em-1.0 |
| Sep 01 | Sep 11 | 10 | 397.20 | ±3.1% | 384.93–409.48 | em-1.0 |
| Aug 31 | Sep 11 | 11 | 408.51 | ±3.0% | 396.38–420.63 | em-1.0 |
| Sep 02 | Sep 14 | 12 | 402.36 | ±3.3% | 389.11–415.61 | em-1.0 |
| Sep 01 | Sep 14 | 13 | 397.20 | ±3.3% | 384.05–410.35 | em-1.0 |
| Aug 31 | Sep 14 | 14 | 408.51 | ±3.2% | 395.51–421.51 | em-1.0 |
| Sep 02 | Sep 15 | 13 | 402.36 | ±3.5% | 388.36–416.36 | em-1.0 |
| Sep 01 | Sep 15 | 14 | 397.20 | ±3.5% | 383.35–411.05 | em-1.0 |
| Sep 02 | Sep 16 | 14 | 402.36 | ±3.7% | 387.38–417.33 | em-1.0 |
| Sep 02 | Sep 18 | 16 | 402.36 | ±4.1% | 385.86–418.86 | em-1.0 |
| Sep 01 | Sep 18 | 17 | 397.20 | ±4.0% | 381.20–413.20 | em-1.0 |
| Aug 31 | Sep 18 | 18 | 408.51 | ±3.9% | 392.69–424.33 | em-1.0 |
Resolved snapshots
| Snapshot | Expired | Expected | Actual | Inside range? | Spot → close |
|---|---|---|---|---|---|
| Sep 01, 2026 | Sep 01 | ±0.1% | -0.1% | outside | 397.20 → 396.75 |
| Aug 31, 2026 | Sep 01 | ±0.9% | -2.9% | outside | 408.51 → 396.75 |
| Aug 31, 2026 | Aug 31 | ±0.2% | -0.0% | inside | 408.51 → 408.42 |
Outcomes compare the recorded range with the closing price on expiration day. Method version shown per row where it differs; current: em-1.0.