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FXI

iShares China Large-Cap ETFClose $35.89EOD only
Max Pain
$37.00
Next expiry May 22, 2026
Expected Move
±$0.45
1.3% from close
Price Gap
+1.11
Distance to max pain
IV Rank
47
Middle-high premium
P/C OI
0.89
Slightly call-heavy
Consensus
5.5/10
Bearish tilt
Published snapshot: May 21, 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 21, 2026 close
FXI Flow Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Flow Verdict

BiasBearish
Confirmation: Put volume ratio >1.87, unusual put at $35, negative GEX -130.7M, spot below MP.
Invalidation: Spot reclaims gamma flip near $32 or put OI concentration below spot shifts.
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; -0.5 spot 4.0% from MP; +1 VIX 17

Watch next session: $32 gamma flip; $35 put OI

Flow Summary

Net premium: -$10.1M bearish

P/C volume ratio: 1.87

P/C OI ratio: 0.88

Heavy put flow and negative GEX reinforce bearish bias. Unusual put printing at $35 suggests downside hedging. Spot below MP.

Notable Prints

#1
FXI 2026-05-29 $35.00 Put
Vol: 9,690
OI: 141
Vol/OI: 68.7x
IV: 19.6%
Notional: ~$165K
Intent: Bearish bet or hedge, aligns with bearish flow
Dual read: Could hedge long positions

Read-through: Heavy OTM put buying signals downside caution

Institutional Positioning

Call additions: minimal call activity, ratio skewed puts

Put additions: large put buys at $35, vol/OI 68.7

GEX/DEX consistency: GEX -130M bearish, DEX +132M bullish offset

OI clusters: put OI 126k at $32, 9.9% below spot

Hedging evidence: put buying as hedge, high vol ratio

Max pain context: spot 4% below MP, pin rising toward MP

Signal vs Noise

~unusual put print at $35 signal
~gamma flip at $32 key level
~high put/call volume ratio real bearish

Key Conclusions

🐻Institutions piling puts at $35, spot below MP
📊GEX negative but DEX positive, vol normal, consolidating
How to Use These Reports
This flow 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.