Home Options DIAReports

DIA

SPDR Dow Jones Industrial Average ETFClose $519.26EOD only

Max Pain

$515.00

Next expiry Jun 26, 2026

Expected Move

±$3.80

0.7% from close

Price Gap

-4.26

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.76

Slightly put-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 25, 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 25, 2026 close

DIA Flow Report

Analysis based on market close June 26, 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 0.1% from MP; +0.5 VIX 18

Watch next session: Monitor early put volume for sustained bearish bet

Flow Summary

Net premium: +$39.4M bullish

P/C volume ratio: 1.41

P/C OI ratio: 1.72

Heavy put volume vs positive net premium and gamma. Regime pinning near MP. Mixed signals: bearish flow yet GEX/DEX supportive. Short-term caution with pinning likely.

Notable Prints

DIA 2026-06-26 $517.50 Put

Vol: 1,031

OI: 112

Vol/OI: 9.2x

IV: 1.5%

Notional: ~$14K

Intent: Bearish hedge

Read-through: High OTM puts signal downside protection.

DIA 2026-06-30 $507.00 Put

Vol: 940

OI: 106

Vol/OI: 8.9x

IV: 14.1%

Notional: ~$27K

Intent: Bearish speculation

Dual read: Could be roll from earlier position

Read-through: Market expects further decline in near term.

DIA 2026-06-26 $518.00 Put

Vol: 2,908

OI: 369

Vol/OI: 7.9x

IV: 0.0%

Notional: ~$26K

Intent: Pinning

Dual read: Might be closing short puts

Read-through: Active near-spot hedging at pinning level.

DIA 2026-06-26 $514.00 Put

Vol: 2,197

OI: 305

Vol/OI: 7.2x

IV: 7.7%

Notional: ~$7K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

DIA 2026-07-24 $490.00 Put

Vol: 2,039

OI: 304

Vol/OI: 6.7x

IV: 17.7%

Notional: ~$328K

Intent: Long-term bearish

Dual read: Could be repositioning from closer strikes

Read-through: Distant tail risk purchase suggests longer-dated fear.

Institutional Positioning

Call additions: Minimal; $500 7/2 call small

Put additions: Heavy near spot $512-519 and downside $490

GEX/DEX consistency: GEX+ aligns pinning; put flow heavy - hedging

OI clusters: Put OI $515 577, $518 369, $514 305; call thin

Hedging evidence: Puts near spot suggest collars

Max pain context: Spot at MP; pinning

Signal vs Noise

~Heavy put flow near spot is signal of hedging

~$490 put volume indicates downside protection

~$500 call volume is noise (small)

~High put/call OI vs GEX+ may be conflicting noise

Key Conclusions

🛡️Institutional puts near spot cap upside

📌Max Pain pin at current level

How to Use These Reports

This flow reflects the market close on June 26, 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.