Home Options FXIReports

FXI

iShares China Large-Cap ETFClose $38.26EOD only

Max Pain

$37.00

Next expiry May 15, 2026

Expected Move

±$0.78

2.0% from close

Price Gap

-1.26

Distance to max pain

IV Rank

High premium

P/C OI

0.89

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 13, 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 13, 2026 close

FXI Flow Report

Analysis based on market close May 14, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.6% from MP; +1 VIX 17

Watch next session: FXI 38.5 call; FXI 40 call; Gamma flip level $37

Flow Summary

Net premium: -$2.0M bearish

P/C volume ratio: 0.94

P/C OI ratio: 0.87

Flow mixed but heavy call buying dominates unusual prints, led by May 22 38.5C and July 17 38C. Net premium negative but GEX positive ($285M) supports pinning near $37.5. Low VIX, spot at MP. Bullish bias from call accumulation, but need spot to hold gamma flip.

Notable Prints

FXI 2026-06-05 $38.50 Call

Vol: 616

OI: 106

Vol/OI: 5.8x

IV: 27.1%

Notional: ~$28K

Intent: Bullish speculation

Dual read: Short covering

Read-through: Expect upside

FXI 2026-07-17 $38.00 Call

Vol: 10,039

OI: 2,765

Vol/OI: 3.6x

IV: 25.8%

Notional: ~$1.2M

Intent: Institutional call buying

Dual read: Hedging or gamma trade

Read-through: Strong bullish sentiment

FXI 2026-05-29 $37.50 Call

Vol: 5,032

OI: 1,660

Vol/OI: 3.0x

IV: 25.7%

Notional: ~$317K

Intent: Near-term bullish

Dual read: Scalping

Read-through: Expect short-term rise

FXI 2026-05-22 $38.50 Call

Vol: 18,870

OI: 7,519

Vol/OI: 2.5x

IV: 28.8%

Notional: ~$415K

Intent: Momentum buying

Dual read: Closing short options

Read-through: Expect rise by next week

FXI 2026-06-18 $34.00 Call

Vol: 233

OI: 114

Vol/OI: 2.0x

IV: 35.4%

Notional: ~$81K

Intent: Income or financing

Dual read: Synthetic long

Read-through: Neutral to bullish

Institutional Positioning

Call additions: Call buying heavy at 38.5 (May 22) and 38 (Jul 17), also 37.5 (May 29) and 40 (Jun 12). Net call interest rising.

Put additions: Minimal put activity; put/call ratios moderate.

GEX/DEX consistency: Consistent: large positive GEX ($285M) and DEX (+148M shares) support bullish pinning.

OI clusters: Max pain around 37; largest put OI at 37 (187k) – 0.6% below spot, acting as support. Call OI stacked at 38-40.

Hedging evidence: Minimal hedging; flow is outright bullish buying, not collars.

Max pain context: Spot near MP (~37.22); pinning expected with positive gamma. MP acts as magnet.

Signal vs Noise

~Heavy call volume at 38.5 May 22 (18.8k vol, 7.5k OI) is real: aggressive short-dated bullish bet.

~July 38 call (10k vol, 2.8k OI) signals longer-term bullish conviction.

~Net premium negative (-$2M) but dominated by call buying; noise from mixed flow.

Key Conclusions

📈Institutions adding calls aggressively across strikes, especially May 22 38.5 and July 38. Strong bullish positioning.

⚠️Spot within 0.6% of max pain ($37): high probability of pinning near $37 by expiry. Upside limited short-term.

How to Use These Reports

This flow reflects the market close on May 14, 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.