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FXI

iShares China Large-Cap ETFClose $35.11EOD only

Max Pain

$38.00

Next expiry Jun 18, 2026

Expected Move

±$0.60

1.7% from close

Price Gap

+2.89

Distance to max pain

IV Rank

High premium

P/C OI

0.84

Slightly call-heavy

Consensus

7.0/10

Bearish tilt

Published snapshot: Jun 15, 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 15, 2026 close

FXI Flow Report

Analysis based on market close June 16, 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 6.6% from MP; +1 VIX 16; override: Base 5 +2 GEX/flow alignment -1 spot vs MP +1 VIX 16

Watch next session: $32; $36

Flow Summary

Net premium: -$5.5M bearish

P/C volume ratio: 1.01

P/C OI ratio: 0.80

Mixed flow with net short premium ($5.5M) but outsized Sep 36 call buying suggests long-dated bullish positioning. Heavy put activity at 41 strike hedges upside. Gamma negative, below MP, VIX 16.

Notable Prints

FXI 2026-06-26 $34.00 Put

Vol: 685

OI: 117

Vol/OI: 5.8x

IV: 23.4%

Notional: ~$17K

Intent: Bearish near-term bet

Dual read: Hedging long

Read-through: Near-term bearish

FXI 2026-07-17 $41.00 Put

Vol: 4,064

OI: 1,071

Vol/OI: 3.8x

IV: 73.6%

Notional: ~$2.6M

Intent: Bearish directional with high IV

Dual read: Put seller? (unlikely)

Read-through: Expects sharp drop mid-July

FXI 2026-06-18 $29.00 Call

Vol: 660

OI: 250

Vol/OI: 2.6x

IV: 115.6%

Notional: ~$402K

Intent: Speculative ITM call

Dual read: Closing short

Read-through: High risk upside

FXI 2026-09-18 $36.00 Call

Vol: 15,001

OI: 6,152

Vol/OI: 2.4x

IV: 26.1%

Notional: ~$1.5M

Intent: Large bullish bet Sep

Dual read: Call overwriting? (unlikely)

Read-through: Strong bullish outlook

FXI 2026-06-30 $35.00 Call

Vol: 1,311

OI: 793

Vol/OI: 1.6x

IV: 27.7%

Notional: ~$47K

Intent: Bullish short-term

Dual read: Short hedge

Read-through: Neutral-bullish

Institutional Positioning

Call additions: Large Sep $36 call (15k vol, 2.4x OI) and Jun $29 call (660 vol); bullish but countered by put adds and negative GEX.

Put additions: Jul $41 put (4k vol, 3.8x OI) and Jun $34 put (685 vol, 5.8x OI); hedging or bearish bets.

GEX/DEX consistency: Negative GEX (-$383M) and positive DEX (+141M shares) consistent with dealer short gamma and long delta; vulnerable to downside.

OI clusters: Largest OI clusters: Sep $36 call (6,152 OI) and Jul $41 put (1,071 OI); other strikes smaller.

Hedging evidence: Large put buys at $34 and $41 suggest hedging; deep ITM call at $29 may also be defensive.

Max pain context: Spot below max pain; gamma flip at $32; pinning pressure likely keeps spot near lower levels.

Signal vs Noise

~Signal: Sep $36 call (15k vol, 2.4x OI) shows institutional bullish interest, but Jul $41 put (4k vol, 3.8x OI) adds hedging/bearish signal.

~Noise: Smaller trades like Jun $29 call (660 vol) and $34 put (685 vol) are less significant; overall mixed flow.

Key Conclusions

🔮Institutions adding both calls and puts; mixed signal with bearish tilt from net negative premium and put volume.

⚠️Negative GEX and below-MP spot increase downside risk; dealer hedging may amplify moves.

How to Use These Reports

This flow reflects the market close on June 16, 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.