$112 · Sep 25 · 31Δ
$2.52 premium · 32%/yr annualized
$GDX
VANECK GOLD MINERS ETF
▼ -0.02 (-0.02%)
VANECK GOLD MINERS ETF
range held 4 sessions, both sides
Regime balanced · no clear edge from positioning.
Each wall is the strike carrying the heaviest open interest within 15% of price, call above as resistance, put below as support, pooled across all listed expirations. It is a structural positioning level, not a single expiry pin. Max pain is tracked separately.
The Read
$GDX is in a neutral regime at heat 42, meaning dealer positioning neither amplifies nor damps moves significantly. The $85 call wall and the $70 put wall are both untested yesterday, leaving these levels open for action as dealers haven’t had to defend them yet. Spot sits 1.1% below the $76.24 flip, suggesting the next move up faces a key test at that level.
Where the market is positioned
Risk-neutral, implied by options pricing. Where the market is positioned, not a forecast.
Talk to the oracle
Free. No login. Real dealer positioning on $GDX, scored over a year of outcomes.
$112 · Sep 25 · 31Δ
$2.52 premium · 32%/yr annualized
$98 · Sep 25 · 30Δ
$2.73 premium · 36%/yr annualized
Not investment advice · Informational only
Over the last 21 sessions · n=28
$100 call wall
held 3 sessions running
$100 call wall
broke 2.8% on 2026-08-21
Free alert
We DM you when the $110 call wall or the $90 put wall breaks. No noise, just the break.
Wall-break alerts arrive as a Discord DM. Pro gets them live, the instant the wall breaks.
Free alert
We DM you when the $110 call wall or the $90 put wall breaks.
…
Alert set
We'll DM you when the $110 call wall breaks. Rest easy.
Scored Levels
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