Home Options DIAReports

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 15, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 5.8% from MP; +1 VIX 16

Watch next session: DIA 2026-06-18 $508.00 Put; DIA 2026-06-18 $520.00 Put; DIA 2026-08-21 $525.00 Call

Flow Summary

Net premium: +$34.6M bullish

P/C volume ratio: 0.91

P/C OI ratio: 1.91

Strong call flow and pinning gamma support a bullish bias despite heavy put OI. Unusual put activity near expiry may hedge short positions. Low VIX and positive equity indices align with upside. Watch for resistance at $520 and support at $510.

Notable Prints

DIA 2026-06-18 $508.00 Put

Vol: 2,434

OI: 146

Vol/OI: 16.7x

IV: 16.8%

Notional: ~$90K

Intent: Bearish speculation

Dual read: Possible hedge

Read-through: Expect drop near expiration

DIA 2026-06-18 $519.00 Put

Vol: 1,195

OI: 195

Vol/OI: 6.1x

IV: 14.8%

Notional: ~$424K

Intent: Put spread leg

Dual read: Protective put

Read-through: Defensive positioning

DIA 2026-06-18 $520.00 Put

Vol: 1,049

OI: 225

Vol/OI: 4.7x

IV: 16.9%

Notional: ~$446K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

DIA 2026-12-31 $451.00 Put

Vol: 717

OI: 156

Vol/OI: 4.6x

IV: 22.4%

Notional: ~$491K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

DIA 2026-06-18 $517.00 Put

Vol: 996

OI: 257

Vol/OI: 3.9x

IV: 15.8%

Notional: ~$244K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Long-dated calls at $525 and $615 added; net call premium positive.

Put additions: Heavy put buying in June expirations ($508-$520) and Dec 2026 tails ($435-$451).

GEX/DEX consistency: Consistent: GEX positive, DEX positive, gamma pinning above spot.

OI clusters: Put OI concentrated at $508-$520 strikes; call OI at $525.

Hedging evidence: Puts at $451-$435 suggest hedging downside; possible collars.

Max pain context: Spot ~5.8% above max pain; gamma flip at $420 provides downside magnet.

Signal vs Noise

~Signal: Heavy put buying in June ($508-$520) indicates short-term hedging.

~Signal: Leap put accumulation ($435-$451) shows long-term bearish outlook.

~Noise: Low volume call prints may be noise; focus on put flow.

~Noise: Single-day volume spikes in puts could be retail.

Key Conclusions

📉Put accumulation across time frames signals downside risk.

📈Net premium positive and GEX/DEX bullish support near-term upside.

⚠️Spot far above max pain; risk of pinning lower.

How to Use These Reports

This flow reflects the market close on June 15, 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.