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DIA

SPDR Dow Jones Industrial Average ETFClose $513.06EOD only

Max Pain

$490.00

Next expiry Jun 18, 2026

Expected Move

±$8.18

1.6% from close

Price Gap

-23.06

Distance to max pain

IV Rank

High premium

P/C OI

1.80

Slightly put-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 12, 2026 close

End-of-day snapshot

This page reflects DIA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 12, 2026 close

DIA Flow Report

Analysis based on market close June 12, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.6% from MP; +1 VIX 18

Watch next session: Near-dated 510-514 strikes

Flow Summary

Net premium: +$32.9M bullish

P/C volume ratio: 0.91

P/C OI ratio: 1.80

DIA bullish: positive gamma ($+14.6M) and net call premium ($32.8M) support pinning. Put OI skewed bearish but deep OTM. Spot above MP; low vol favors range.

Notable Prints

DIA 2026-06-12 $512.00 Put

Vol: 769

OI: 148

Vol/OI: 5.2x

IV: 3.1%

Notional: ~$769

Intent: Short put opening [bearish]

Dual read: Could be closing of existing short

Read-through: Low IV supports bearish view near spot

DIA 2026-06-12 $510.00 Put

Vol: 1,320

OI: 319

Vol/OI: 4.1x

IV: 5.5%

Notional: ~$1K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

DIA 2026-06-12 $514.00 Call

Vol: 1,286

OI: 317

Vol/OI: 4.1x

IV: 3.2%

Notional: ~$1K

Intent: Call buying for upside

Dual read: Covering short calls

Read-through: Low IV suggests confidence in move

DIA 2026-06-12 $513.00 Call

Vol: 1,419

OI: 352

Vol/OI: 4.0x

IV: 6.6%

Notional: ~$60K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

DIA 2026-06-18 $511.00 Call

Vol: 775

OI: 214

Vol/OI: 3.6x

IV: 14.6%

Notional: ~$382K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Unusual call prints at 513, 514, 511, 510, 615; net call premium +$32.9M

Put additions: Unusual puts at 510, 512 weekly and long-dated 456, 459, 461 Dec

GEX/DEX consistency: Yes; both positive ($14.6M GEX, +12.3M DEX) align with pinning

OI clusters: Highest OI near 510 put (319) and 513 call (352)

Hedging evidence: Long-dated put buys indicate tail hedging; put OI 18.1% below spot

Max pain context: Spot above MP (~$507); gamma pinning supports current levels

Signal vs Noise

~Signal: Positive GEX/DEX, net call premium, unusual prints near 510-514

~Noise: High put/call OI ratio (1.79) but low volume ratio (0.91)

Key Conclusions

📈Bullish flow with positive GEX/DEX; call activity suggests upside bias

⚠️Long-dated put buying indicates tail risk hedging; warrants caution

How to Use These Reports

This flow reflects the market close on June 12, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.