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DIA

SPDR Dow Jones Industrial Average ETFClose $542.81EOD only

Max Pain

$530.00

Next expiry Aug 7, 2026

Expected Move

±$4.91

0.9% from close

Price Gap

-12.81

Distance to max pain

IV Rank

Low premium

P/C OI

1.68

Slightly put-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Aug 5, 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

Aug 5, 2026 close

DIA Flow Report

Analysis based on market close June 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 22, 2026. A newer flow report is available for June 26, 2026.

View latest report

Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.6% from MP; +1 VIX 17; override: Mixed flow signals reduce conviction.

Watch next session: 510; 520; 505; 523

Flow Summary

Net premium: +$31.5M bullish

P/C volume ratio: 1.04

P/C OI ratio: 1.93

Mixed flow: net call premium positive, but put OI ratio elevated (1.93). Unusual prints on both sides near expiry. Gamma pinning near MP likely confines price. Expect range-bound trade.

Notable Prints

DIA 2026-06-26 $519.00 Call

Vol: 647

OI: 138

Vol/OI: 4.7x

IV: 14.7%

Notional: ~$166K

Intent: Bullish

Read-through: Target $519+

DIA 2026-06-26 $518.00 Call

Vol: 603

OI: 176

Vol/OI: 3.4x

IV: 15.1%

Notional: ~$181K

Intent: Bullish

Read-through: Target $518+

DIA 2026-06-26 $515.00 Call

Vol: 580

OI: 220

Vol/OI: 2.6x

IV: 16.5%

Notional: ~$288K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

DIA 2026-06-30 $505.00 Put

Vol: 501

OI: 220

Vol/OI: 2.3x

IV: 14.5%

Notional: ~$43K

Intent: Hedge

Dual read: Or bearish

Read-through: Protection below $505

DIA 2026-06-26 $523.00 Call

Vol: 813

OI: 394

Vol/OI: 2.1x

IV: 13.5%

Notional: ~$88K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Aggressive call buying at 515-523 (6/26 exp): 647@519, 603@518, 813@523.

Put additions: Put accumulation at 505-514: 501@505, 419@513, 542@517.

GEX/DEX consistency: Consistent: +$8.3M GEX, +10.1M DEX, spot near MP, supporting pinning.

OI clusters: Largest OI: 523C (394), 517P (294), 515C (220), 505P (220).

Hedging evidence: Put buying at 505-514 suggests downside hedging amid call skew.

Max pain context: Spot at MP (~$516), VIX 17, pinning expected with drift to call OI.

Signal vs Noise

~Signal: Net $31.4M premium, call buying skewed bullish, put hedges at strikes.

~Noise: Small vols on 445C and other minor prints.

Key Conclusions

📈Institutions adding calls at 515-523, net premium positive, GEX/DEX aligned bullish.

⚖️Put hedging at 505-514 suggests caution; spot pinned at MP.

How to Use These Reports

This flow reflects the market close on June 22, 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.