balanced
GDX · 2026-06-12 · 16:01 ET (after hours)

$GDX

VANECK GOLD MINERS ETF

$80.04 ▲ +2.32   (+2.99%)

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Set a ward on $GDX

We DM you the instant the $90 call wall or the $75 put wall breaks. No noise, just the break.

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Free ward

Set a ward on $GDX

We DM you the instant the $90 call wall or the $75 put wall breaks.

Warded

$GDX is warded

We'll DM you the moment the $90 call wall breaks. Rest easy.

The Read

$GDX is in a neutral regime at heat 40, which means dealer positioning neither amplifies nor dampens moves. The $90 call wall has fresh today after holding 68% of the time, while the $75 put wall also fresh today but holds 91% of the time dealers test it. Spot is 3.1% below the $83.11 flip, so a move up faces resistance at the call wall first.

IV percentile · 1y 77 · premium elevated

Snapshot $80.04 · · 2026-06-12 · 16:01 ET (after hours)

The Levels

Put Wall $75 active wall
Gamma Flip $78 +2.5% above flip
Call Wall $90 active wall
spot $80.04

Regime balanced no clear edge from positioning.


Scored Levels


Where the market is positioned


Implied vs Measured


Plays at the Walls

Covered Call

$86.5 · Jul 10 · 30Δ

$1.76 premium  ·  30%/yr annualized

Cash-Secured Put

$75 · Jul 10 · 29Δ

$2.07 premium  ·  37%/yr annualized

Not investment advice · Informational only


How our calls on $GDX have played out

Over the last 21 sessions · n=10

10 Walls Called
1 Held 50% 0 pinned · 1 rejected
1 Broke 50%
8 Untested

$75 put wall

broke 1.6% on 2026-06-10




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