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DIA

SPDR Dow Jones Industrial Average ETFClose $503.11EOD only

Max Pain

$496.00

Next expiry May 22, 2026

Expected Move

±$3.48

0.7% from close

Price Gap

-7.11

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.92

Slightly put-heavy

Consensus

—

No reports available

Published snapshot: May 21, 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

May 21, 2026 close

DIA AI Consensus Report

Analysis based on market close May 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Conviction

8.0

out of 10

8 not 9 because the tail hedge from flow (460P) introduces downside risk that could invalidate the pin, even though directional and theta agree on bullish bias.

Where Perspectives Agree

All three perspectives reinforce a bullish pinning thesis near $497-500, with dealer short gamma and low volatility supporting mean reversion.

Where They Diverge

Flow shows a tail hedge via Jan'27 $460P long spread, warning of downside risk, while directional and theta focus on pinning near $497; this contradicts the bullish continuation thesis.

Top Trade

via theta

Sell 2026-06-12 $500/$498 put spread for $0.40 credit

Key Risk

Break below $497 flips dealer gamma to long, removing the pin and accelerating downside toward $480 gamma support — invalidates all bullish strategies.

How to Use These Reports

This ai consensus reflects the market close on May 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.