thetaOwl
HomeOptionsFXIReports

FXI

iShares China Large-Cap ETFClose $37.33EOD only
Max Pain
$37.00
Next expiry May 15, 2026
Expected Move
±$0.84
2.3% from close
Price Gap
-0.33
Distance to max pain
IV Rank
91
High premium
P/C OI
0.89
Slightly call-heavy
Consensus
6.5/10
Range bias
Published snapshot: May 12, 2026 close
End-of-day snapshot

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

Published Snapshot
May 12, 2026 close
FXI Flow Report
Analysis based on market close May 13, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Flow Verdict

BiasBullish
Confirmation: Spot holds above $37.50 gamma flip; continued call volume dominance.
Invalidation: Spot breaks below $37.00 with heavy put activity.
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.4% from MP; +1 VIX 18

Watch next session: $38.50; $40.00

Flow Summary

Net premium: +$11.3M bullish

P/C volume ratio: 0.39

P/C OI ratio: 0.89

Call volume dominates, supporting near-term bullish bias. Max pain at $37.50 and positive GEX reinforce upside momentum.

Notable Prints

#1
FXI 2026-05-22 $40.00 Call
Vol: 4,660
OI: 675
Vol/OI: 6.9x
IV: 33.0%
Notional: ~$93K
Intent: Bullish speculation

Read-through: Aggressive bullish OTM

#2
FXI 2026-05-22 $39.50 Call
Vol: 621
OI: 116
Vol/OI: 5.3x
IV: 34.5%
Notional: ~$18K
Intent: Bullish speculation

Read-through: Bullish OTM

#3
FXI 2026-07-17 $41.00 Call
Vol: 9,281
OI: 2,873
Vol/OI: 3.2x
IV: 25.3%
Notional: ~$603K
Intent: Bullish longer-term bet

Read-through: Bullish directional

#4
FXI 2026-06-05 $39.00 Call
Vol: 5,505
OI: 2,213
Vol/OI: 2.5x
IV: 31.3%
Notional: ~$424K
Intent: Bullish speculation

Read-through: Bullish OTM

#5
FXI 2026-05-15 $38.50 Call
Vol: 51,618
OI: 30,749
Vol/OI: 1.7x
IV: 34.6%
Notional: ~$1.5M
Intent: Large bullish ATM play

Read-through: Strong bullish near-term

Institutional Positioning

Call additions: Dominant call buying near 38.5-41, May 15 & 22 and July 17.

Put additions: Minimal put activity; put/call volume ratio 0.39.

GEX/DEX consistency: Consistent: GEX +437M, DEX +156M, both bullish.

OI clusters: High OI at May 15 $38.5C (30,749), May 22 $38.5C (7,324), July $41C (2,873).

Hedging evidence: No notable put hedging; flow is aggressive call buying.

Max pain context: Spot above MP; gamma pinning supports upside toward 38.5-39.

Signal vs Noise

~Signal: High vol on May15 $38.5C (51.6k) and Jul $41C (9.3k).
~Noise: Smaller prints like May22 $39.5C (621 vol) low conviction.

Key Conclusions

📈Bullish call flow dominates with 0.39 put/call vol ratio and $437M GEX.
🔍May 15 $38.5C 1.7x vol/OI suggests aggressive near-term bet.
How to Use These Reports
This flow reflects the market close on May 13, 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.