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FXI

iShares China Large-Cap ETFClose $35.29EOD only

Max Pain

$38.00

Next expiry Jun 18, 2026

Expected Move

±$0.94

2.6% from close

Price Gap

+2.71

Distance to max pain

IV Rank

High premium

P/C OI

0.84

Slightly call-heavy

Consensus

6.0/10

Range bias

Published snapshot: Jun 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

Jun 12, 2026 close

FXI Flow Report

Analysis based on market close June 15, 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; +2 GEX/flow strongly aligned; -1 spot 7.6% from MP; +1 VIX 16

Watch next session: $32 gamma flip; Max pain near $34; Put OI concentration

Flow Summary

Net premium: -$3.0M bearish

P/C volume ratio: 1.35

P/C OI ratio: 0.84

Bearish flow: net premium selling and elevated put/call volume ratio. Negative gamma and spot below max pain reinforce bias. Unusual put in 2027 $34 strike suggests long-term hedging. Confidence high.

Notable Prints

FXI 2027-03-19 $34.00 Put

Vol: 1,681

OI: 223

Vol/OI: 7.5x

IV: 28.7%

Notional: ~$358K

Intent: Tail hedge

Dual read: Institutional put

Read-through: Bearish long-term

FXI 2026-06-30 $36.00 Call

Vol: 1,007

OI: 238

Vol/OI: 4.2x

IV: 29.8%

Notional: ~$26K

Intent: Call buying

Dual read: Covering

Read-through: Bullish near-term

FXI 2026-06-18 $29.00 Call

Vol: 660

OI: 250

Vol/OI: 2.6x

IV: 114.5%

Notional: ~$402K

Intent: Hedge close

Dual read: Zero-day IV spike

Read-through: Volatility event

FXI 2026-07-17 $41.00 Put

Vol: 4,064

OI: 1,616

Vol/OI: 2.5x

IV: 78.2%

Notional: ~$2.6M

Intent: Deep OTM hedge

Dual read: Crash bet

Read-through: Downside protection

FXI 2026-06-18 $34.00 Call

Vol: 1,298

OI: 823

Vol/OI: 1.6x

IV: 42.4%

Notional: ~$149K

Intent: Call accumulation

Dual read: Covered call

Read-through: Moderate upside

Institutional Positioning

Call additions: Calls at $29, $34, $36; notable $34 call (1298 vol) and $36 call (1007 vol).

Put additions: Heavy puts: 2027 $34 put (1681 vol), 2026 $41 put (4064 vol).

GEX/DEX consistency: GEX negative (-$306.7M) vs DEX positive (+146.8M shares) – mixed signals.

OI clusters: Largest OI: $34 put (125k), $41 put (1616), $34 call, $36 call.

Hedging evidence: Long-dated put (2027 $34) and high put volume indicate downside hedging.

Max pain context: Spot below Max Pain; price pinned lower with put skew.

Signal vs Noise

~Sustained $41 put volume (4064 vs 1616 OI) is real hedging signal.

~Low OI calls (e.g., $29, 250 OI) are noise.

~Net premium -$2.99M confirms bearish flow.

Key Conclusions

🐻Institutions hedging via long-dated puts; bearish bias from negative net premium.

⚠️GEX/DEX divergence warns of potential reversal near gamma flip ($32).

How to Use These Reports

This flow reflects the market close on June 15, 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.