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Gold put/call ratio today

Gold options data from GLD/IAU ETF options (proxy, 15 min delayed, US market hours). Strikes are converted to the gold price with the daily gold/GLD ratio (10.93); open interest is in ounce-equivalents (1 GLD contract ≈ 9.1 oz). US market closed: chain from the last close (27 Oct 16:00 ET).

The gold put/call ratio is 0.48 by open interest as of 28 October 2026, 01:29 UTC: 14,875,847 oz in puts against 30,844,513 oz in calls, all expiries on GLD and IAU added together. Below it: the ratio for every expiry and every ETF, 24-hour volume and the history.

Right now (01:29 UTC): Gold put/call ratio 0.48 by open interest, all expiries of GLD and IAU options. Watch it live: 1h candles + heatmap →

All expiries, open interest0.4814,875,847 oz puts / 30,844,513 oz calls
24 h volume–not available for gold (no trade data)
Next expiry0.77Wed 28 Oct in 19 h · 203,439 oz open
Next weekly (Friday)0.58Fri 30 Oct in 3 days · 1,359,415 oz open
Next monthly0.79Fri 20 Nov in 24 days · 8,408,685 oz open
Next quarterly0.36Thu 31 Dec in 65 days · 1,310,529 oz open

Gold put/call ratio right now

Updated 28 Oct 2026, 01:29 UTC · descriptive data, not advice

Put/call ratio by expiry

Each bar is one expiry, open interest on GLD and IAU added together. Short daily expiries often swing far from 1; the monthly and quarterly expiries hold most of the open interest and move more slowly.

0.00.51.01.528 Oct: put/call 0.77, open interest 203,439 oz0.7728 OctD29 Oct: put/call 0.42, open interest 73,143 oz0.4229 OctD30 Oct: put/call 0.58, open interest 1,359,415 oz0.5830 OctW02 Nov: put/call 0.49, open interest 74,899 oz0.492 NovD03 Nov: put/call 0.82, open interest 40,345 oz0.823 NovD04 Nov: put/call 0.94, open interest 29,316 oz0.944 NovD05 Nov: put/call 1.02, open interest 10,592 oz1.025 NovD06 Nov: put/call 0.82, open interest 451,539 oz0.826 NovW09 Nov: put/call 0.17, open interest 5,031 oz0.179 NovD13 Nov: put/call 0.84, open interest 216,217 oz0.8413 NovW20 Nov: put/call 0.79, open interest 8,408,685 oz0.7920 NovM27 Nov: put/call 0.79, open interest 120,638 oz0.7927 NovW04 Dec: put/call 0.81, open interest 17,414 oz0.814 DecW18 Dec: put/call 0.23, open interest 6,764,615 oz0.2318 DecM31 Dec: put/call 0.36, open interest 1,310,529 oz0.3631 DecQ15 Jan: put/call 0.43, open interest 13,333,110 oz0.4315 JanM19 Feb: put/call 0.38, open interest 383,692 oz0.3819 FebM19 Mar: put/call 0.57, open interest 2,962,110 oz0.5719 MarMpink = more puts than calls · cyan = more calls · brighter = more open interest · dashed = 1.0
ExpiryTypeCalls, ozPuts, ozPut/callNotional24 h volume P/C
Wed 28 OctDAILY114,65788,7820.77$827M–
Thu 29 OctDAILY51,44821,6950.42$297M–
Fri 30 OctWEEKLY861,648497,7680.58$5.53B–
Mon 02 NovDAILY50,16724,7310.49$305M–
Tue 03 NovDAILY22,16218,1830.82$164M–
Wed 04 NovDAILY15,10214,2140.94$119M–
Thu 05 NovDAILY5,2415,3511.02$43M–
Fri 06 NovWEEKLY247,963203,5760.82$1.84B–
Mon 09 NovDAILY4,2997320.17$20M–
Fri 13 NovWEEKLY117,74498,4740.84$879M–
Fri 20 NovMONTHLY4,696,1773,712,5080.79$34.19B–
Fri 27 NovWEEKLY67,57253,0650.79$491M–
Fri 04 DecWEEKLY9,6207,7940.81$71M–
Fri 18 DecMONTHLY5,499,0511,265,5630.23$27.51B–
Thu 31 DecQUARTERLY962,407348,1220.36$5.33B–
Fri 15 Jan 2027MONTHLY9,309,6434,023,4670.43$54.22B–
Fri 19 Feb 2027MONTHLY278,163105,5290.38$1.56B–
Fri 19 Mar 2027MONTHLY1,884,1961,077,9150.57$12.05B–
Wed 31 Mar 2027QUARTERLY251,868171,7750.68$1.72B–
Thu 17 Jun 2027MONTHLY3,161,4391,237,8470.39$17.89B–
Wed 30 Jun 2027QUARTERLY134,934179,6591.33$1.28B–
Fri 17 Sep 2027MONTHLY248,767176,4580.71$1.73B–
Thu 30 Sep 2027QUARTERLY13,0886,8050.52$81M–
Fri 19 Nov 2027MONTHLY4,5001,1070.25$23M–
Fri 21 Jan 2028MONTHLY1,494,312878,1160.59$9.65B–
Fri 16 Jun 2028MONTHLY345,054332,7620.96$2.76B–
Fri 15 Dec 2028MONTHLY725,416271,5330.37$4.05B–
Fri 19 Jan 2029MONTHLY267,87552,3180.20$1.30B–

Open interest in ounce-equivalents. All expiries settle at 16:00 ET. Monthly and quarterly expiries in bold. Max pain for the same expiries: Gold max pain today.

Put/call ratio by ETF

ETFCalls OIPuts OIOI put/callShareCalls 24 hPuts 24 hVolume P/C
GLD30,523,96214,823,8950.4999 %00–
IAU (small)320,55151,9520.161 %00–

GLD holds most of the open interest, so it sets the combined figure; IAU can lean differently. An ETF marked "small" has under 1 % of the open interest, so its ratio says little.

Put/call ratio over time

Our own record, one snapshot every 15 minutes since 27 October 2026 (11 hours). Over this period the open interest put/call ratio ranged from 0.48 to 0.49, median 0.48.

0.400.600.801.004,040.004,045.004,050.004,055.004,060.004,065.004,070.004,075.0027 Oct 14:2227 Oct 16:1227 Oct 18:0227 Oct 19:5227 Oct 21:4227 Oct 23:3228 Oct 01:22amber = put/call, open interest · purple = put/call, 24 h volume · grey = Gold price (right)

How to read the put/call ratio

Below 1more calls than puts are open.
Around 1puts and calls roughly balanced.
Above 1more puts than calls: more hedging or more put selling, the ratio cannot tell which.

This page describes positioning. It is not a forecast, a signal or financial advice.

How the numbers are calculated

  1. Take open interest for every GLD and IAU option, in ounce-equivalents (contracts × 100 shares ÷ the gold/ETF ratio).
  2. Add up calls and puts for each expiry, for each ETF and for all expiries together. Expiries that have already settled are left out.
  3. Put/call ratio = puts ÷ calls.
  4. Volume put/call: not available for gold; the delayed ETF data has no trades.

Gold max painGEX by strikeRealized volatilityAlerts

Learn more: how to read the options chain · max pain explained · options expiries · Gold today in India (IST) · order book heatmap (Depth)

FAQ

What is the gold put/call ratio today?

The gold put/call ratio is 0.48 by open interest (28 October 2026, 01:29 UTC): 14,875,847 oz in open puts against 30,844,513 oz in open calls, all expiries on GLD and IAU added together.

How is the put/call ratio calculated?

Open interest put/call ratio = open interest in puts divided by open interest in calls, counted in oz of underlying. Volume put/call ratio: not available for gold, as the delayed ETF data has no trades. We add GLD and IAU together and also show each ETF and each expiry on its own.

What does a high or low put/call ratio mean?

Above 1 means more puts than calls are open; below 1 means more calls. It counts positions, not who bought or sold them: a put can be a hedge bought by a holder or an income trade sold by someone collecting premium, so a high ratio is not automatically bearish. It is most useful compared with its own history and across expiries. It is descriptive data, not a signal or advice.

What is the difference between open interest and volume put/call ratio?

Open interest counts every option still open, so it changes slowly and shows how the market is positioned. Volume counts what traded in the last 24 hours, so it reacts to today's flow and can swing a lot, especially around an expiry.

Why is the put/call ratio different on other sites?

Many sites show one ETF only, one expiry, or volume instead of open interest. GLD holds most gold ETF options; IAU is added on top and can lean differently. The table by ETF shows each one.

Data: GLD and IAU ETF options from Cboe (15-min delayed, US market hours). Descriptive data, not a forecast or financial advice.