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EFA

iShares MSCI EAFE ETFClose $105.02EOD only

Max Pain

$102.00

Next expiry Jun 18, 2026

Expected Move

±$1.38

1.3% from close

Price Gap

-3.02

Distance to max pain

IV Rank

High premium

P/C OI

1.78

Slightly put-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 12, 2026 close

End-of-day snapshot

This page reflects EFA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 12, 2026 close

EFA Flow Report

Analysis based on market close June 12, 2026

Directional Theta Gang Flow Earnings Consensus

Consensus-supported lens with chain history and key metrics in the rail.

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 5.0% from MP; +1 VIX 18

Watch next session: Gamma flip $95; Put/call OI ratio shift

Flow Summary

Net premium: +$154.6M bullish

P/C volume ratio: 0.36

P/C OI ratio: 1.78

Bullish flow with heavy call accumulation, net premium positive, and gamma pinning. Unusual call buys across strikes indicate strong bullish sentiment. Put OI remains high but volume low, suggesting hedges not being activated.

Notable Prints

EFA 2027-03-19 $88.00 Put

Vol: 3,001

OI: 174

Vol/OI: 17.2x

IV: 50.1%

Notional: ~$660K

Intent: Hedge

Read-through: Downside risk

EFA 2026-07-17 $108.00 Call

Vol: 4,988

OI: 382

Vol/OI: 13.1x

IV: 22.9%

Notional: ~$299K

Intent: Bullish

Read-through: Upside

EFA 2026-06-18 $89.00 Call

Vol: 660

OI: 100

Vol/OI: 6.6x

IV: 143.7%

Notional: ~$1.1M

Intent: Leveraged bull

Read-through: Immediate up

EFA 2026-06-30 $96.00 Call

Vol: 600

OI: 115

Vol/OI: 5.2x

IV: 60.9%

Notional: ~$558K

Intent: Bullish

Read-through: Upside

EFA 2026-07-17 $92.00 Call

Vol: 2,500

OI: 500

Vol/OI: 5.0x

IV: 51.9%

Notional: ~$3.2M

Intent: Bullish

Read-through: Upside

Institutional Positioning

Call additions: Calls added at $89-108 strikes, esp. $108C (13x OI) and $89C (6.6x), aggressive OTM/ITM.

Put additions: Deep OTM put at $88 (17x OI) added as hedge.

GEX/DEX consistency: Bullish: GEX +$159M, DEX +43.2M; pinning gamma at $95.

OI clusters: Largest OI: $85 puts, $90-96 calls, $108 calls.

Hedging evidence: Single large put at $88 suggests tail hedge.

Max pain context: Spot above MP; gamma positive; max pain near $90; pinning at $95.

Signal vs Noise

~Signal: Call volume surge in $95-97 June 30 expiry aligns with bullish flow.

~Noise: Elevated IV in deep ITM $89C (143% IV) likely illiquid.

~Signal: Put buying at $88 is real hedge, not directional.

~Noise: Small put OI concentration may distort ratios.

Key Conclusions

📈Bullish call flow supports further upside.

⚠️Deep OTM put hedge suggests tail risk awareness.

📍Gamma pinning at $95 keeps spot contained near term.

How to Use These Reports

This flow reflects the market close on June 12, 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.