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DIA

SPDR Dow Jones Industrial Average ETFClose $516.62EOD only

Max Pain

$515.00

Next expiry Jun 26, 2026

Expected Move

±$6.50

1.3% from close

Price Gap

-1.62

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.90

Slightly put-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: Jun 23, 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 23, 2026 close

DIA Flow Report

Analysis based on market close June 24, 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); +1 spot 0.7% from MP; +0.5 VIX 19

Watch next session: DIA 2026-06-26 $527C; DIA 2026-07-24 $530C; DIA 2026-06-26 $525P

Flow Summary

Net premium: +$34.4M bullish

P/C volume ratio: 0.77

P/C OI ratio: 1.88

DIA sees bullish flow with $34.4M net premium and positive GEX $17M. Unusual call activity at $527 and $530 strikes. Spot near gamma pin, supporting bias. Volume ratio favors calls, OI ratio still put-heavy but narrowing. Continued upside momentum expected.

Notable Prints

DIA 2026-06-26 $527.00 Call

Vol: 2,143

OI: 193

Vol/OI: 11.1x

IV: 18.7%

Notional: ~$73K

Intent: Speculative bullish bet

Dual read: Short squeeze anticipation

Read-through: Bullish short-term sentiment

DIA 2026-07-24 $530.00 Call

Vol: 1,140

OI: 153

Vol/OI: 7.5x

IV: 19.3%

Notional: ~$530K

Intent: Bullish outlook for July

Dual read: Covering short position

Read-through: Bullish mid-term

DIA 2026-06-26 $511.00 Put

Vol: 1,607

OI: 234

Vol/OI: 6.9x

IV: 20.7%

Notional: ~$104K

Intent: Speculative bearish hedge

Read-through: Bearish hedge

DIA 2026-06-26 $526.00 Call

Vol: 2,337

OI: 502

Vol/OI: 4.7x

IV: 17.7%

Notional: ~$143K

Intent: Bullish near-expiry bet

Dual read: Closing of short call

Read-through: Bullish

DIA 2026-06-26 $525.00 Put

Vol: 715

OI: 158

Vol/OI: 4.5x

IV: 23.5%

Notional: ~$486K

Intent: Bearish hedge or bet

Dual read: Part of straddle

Read-through: Bearish sentiment

Institutional Positioning

Call additions: Concentrated at 526/527/522/530 (Jul) vol/oi 3.6-11.1x

Put additions: Defensive at 511, 525, 517, 518, 521 vol/oi 2.9-6.9x

GEX/DEX consistency: GEX +$17M positive, DEX +11.7M shares; consistent bullish

OI clusters: Largest OI at 522c (670) and 526c (502), pinning near spot

Hedging evidence: 525 put (vol 715) suggests collar near spot

Max pain context: Spot at MP; gamma pinning expected to hold

Signal vs Noise

~Signal: unusual call prints at 526/527/522/530 with high vol/oi ratios

~Signal: GEX/DEX positive alignment with net premium $34.4M

~Noise: put/call OI ratio 1.88 is legacy; flow is bullish

Key Conclusions

🔺Institutions adding calls at 526-530; bullish gamma pinning

🛡️Puts at 511, 525 indicate hedging, not bearish conviction

✅Flow and GEX/DEX all aligned; regime supports upside

How to Use These Reports

This flow reflects the market close on June 24, 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.