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DIA

SPDR Dow Jones Industrial Average ETFClose $518.52EOD only
Max Pain
$515.00
Next expiry Jun 26, 2026
Expected Move
±$5.35
1.0% from close
Price Gap
-3.52
Distance to max pain
IV Rank
81
High premium
P/C OI
1.88
Slightly put-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 24, 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 24, 2026 close
DIA Flow Report
Analysis based on market close June 25, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Flow Verdict

BiasBullish
Confirmation: Spot holds above gamma flip and attracts further call volume.
Invalidation: Spot breaks below key put support near $520 with rising put activity.
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.8% from MP; +0.5 VIX 19

Watch next session: Monitor call accumulation above $535; Watch for put unwinding near 6/26 expiry

Flow Summary

Net premium: +$37.6M bullish

P/C volume ratio: 0.98

P/C OI ratio: 1.76

DIA shows positive gamma and delta with call volume edge, but heavy put OI near spot signals caution. Unusual long-dated call prints suggest long-term optimism, while short-term puts provide support. Expect spot to grind higher, with resistance near $535.

Notable Prints

#1
DIA 2026-07-02 $535.00 Call
Vol: 6,762
OI: 697
Vol/OI: 9.7x
IV: 13.0%
Notional: ~$128K
Intent: Bullish

Read-through:

#2
DIA 2026-06-26 $520.00 Put
Vol: 4,660
OI: 482
Vol/OI: 9.7x
IV: 8.6%
Notional: ~$750K
Intent: Bearish

Read-through:

#3
DIA 2026-06-26 $519.00 Put
Vol: 1,059
OI: 142
Vol/OI: 7.5x
IV: 9.4%
Notional: ~$127K
Intent: Bearish

Read-through:

#4
DIA 2026-12-18 $525.00 Call
Vol: 2,102
OI: 297
Vol/OI: 7.1x
IV: 19.1%
Notional: ~$5.3M
Intent: Bullish

Read-through:

#5
DIA 2026-06-26 $522.00 Put
Vol: 1,082
OI: 184
Vol/OI: 5.9x
IV: 4.9%
Notional: ~$294K
Intent: Bearish

Read-through:

Institutional Positioning

Call additions: Dec18 $525 calls and weekly $535 calls

Put additions: Aggressive puts on 6/26 at 518-525

GEX/DEX consistency: Positive GEX & DEX, pinning consistent

OI clusters: Put OI 23% below spot, gamma flip ~400

Hedging evidence: Put/call OI 1.76; hedging signal

Max pain context: Spot near MP; gamma pinning

Signal vs Noise

~Unusual prints with vol/oi >5 are signal
~High put OI ratio is real hedging
~Net premium positive but mixed flow is noise

Key Conclusions

🛡️Heavy put buying for 6/26 expiry indicates downside hedging
🔮Long-dated calls (Dec $525) show institutional bullish tilt
⚖️Gamma pinning near max pain keeps spot range-bound
How to Use These Reports
This flow reflects the market close on June 25, 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.