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EFA

iShares MSCI EAFE ETFClose $104.41EOD only

Max Pain

$100.00

Next expiry Jun 26, 2026

Expected Move

±$4.05

3.9% from close

Price Gap

-4.41

Distance to max pain

IV Rank

High premium

P/C OI

2.08

Slightly put-heavy

Consensus

6.0/10

Neutral tilt

Published snapshot: Jun 18, 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 18, 2026 close

EFA Flow Report

Analysis based on market close June 18, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6 / 10

base 5; -1 GEX/flow contradict; +1 spot 0.4% from MP; +1 VIX 16

Watch next session: $100; $105

Flow Summary

Net premium: +$52.5M bullish

P/C volume ratio: 1.27

P/C OI ratio: 2.08

Mixed flow: heavy put OI (ratio >2) but call prints dominate volume. Net positive premium offset by negative GEX. Spot near max pain. Await catalyst.

Notable Prints

EFA 2026-06-26 $106.50 Call

Vol: 1,826

OI: 112

Vol/OI: 16.3x

IV: 50.6%

Notional: ~$37K

Intent: Short-term bullish speculation

Dual read: Potential closing trade

Read-through: Extreme vol/oi ratio suggests aggressive new position expecting rapid upside

EFA 2026-07-17 $105.00 Call

Vol: 18,271

OI: 2,628

Vol/OI: 7.0x

IV: 22.3%

Notional: ~$2.9M

Intent: Bullish directional bet

Dual read: Part of a call spread

Read-through: Large volume indicates institutional bullish sentiment ahead of earnings or catalyst

EFA 2026-06-26 $90.00 Call

Vol: 500

OI: 250

Vol/OI: 2.0x

IV: 50.4%

Notional: ~$736K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

EFA 2026-08-31 $82.00 Put

Vol: 500

OI: 252

Vol/OI: 2.0x

IV: 57.8%

Notional: ~$16K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

EFA 2026-09-30 $107.00 Call

Vol: 274

OI: 140

Vol/OI: 2.0x

IV: 32.6%

Notional: ~$84K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Active at $105-$107 strikes; 7/17 $105C +18.3k vol

Put additions: Minimal; tail hedge at $82P (8/31)

GEX/DEX consistency: Consistent: -GEX/+DEX aligns with trending gamma and call buying

OI clusters: Put OI heavy ~4% below spot (~44k); call OI building at $105-$107

Hedging evidence: Deep OTM put ($82) suggests tail hedging

Max pain context: Spot at MP; negative gamma may trigger pinning or snap

Signal vs Noise

~7/17 $105C volume spike is real call accumulation

~6/26 $106.5C new OI (112) is speculative

~Net premium $52M positive confirms institutional bullish flow

~Short gamma indicates dealer vulnerability to sharp moves

~Put OI concentration acts as support floor

Key Conclusions

📈Institutional call accumulation at $105-$107 with $52M net premium bullish

⚠️Short gamma (-$30.8M) and spot at MP heighten snap risk

🔒Spot pinned at max pain but flow suggests upward bias

How to Use These Reports

This flow reflects the market close on June 18, 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.