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FXI

iShares China Large-Cap ETFClose $33.43EOD only

Max Pain

$34.50

Next expiry Jun 26, 2026

Expected Move

±$0.71

2.1% from close

Price Gap

+1.07

Distance to max pain

IV Rank

Low premium

P/C OI

0.80

Slightly call-heavy

Consensus

7.5/10

Bearish tilt

Published snapshot: Jun 22, 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 22, 2026 close

FXI Flow Report

Analysis based on market close June 23, 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; -0.5 spot 4.8% from MP; +0.5 VIX 19

Watch next session: Monitor put unwinding near $40 strikes

Flow Summary

Net premium: -$41.6M bearish

P/C volume ratio: 2.07

P/C OI ratio: 0.80

Heavy put accumulation across strikes, led by $40 and $41 puts. Negative dealer gamma and bearish flow regime suggest continued downside pressure. Key level is $25 gamma flip.

Notable Prints

FXI 2026-07-17 $31.00 Put

Vol: 5,919

OI: 586

Vol/OI: 10.1x

IV: 33.1%

Notional: ~$136K

Intent: Speculative put buy

Dual read: Possible rolling of hedge

Read-through: Bearish on short-term

FXI 2026-06-26 $33.50 Call

Vol: 597

OI: 118

Vol/OI: 5.1x

IV: 62.7%

Notional: ~$8K

Intent: Short-term bullish bet

Dual read: Or covering short

Read-through: Expects bounce soon

FXI 2026-08-21 $33.00 Put

Vol: 2,277

OI: 676

Vol/OI: 3.4x

IV: 41.7%

Notional: ~$273K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

FXI 2026-08-21 $33.00 Call

Vol: 480

OI: 143

Vol/OI: 3.4x

IV: 61.8%

Notional: ~$60K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

FXI 2026-07-17 $41.00 Put

Vol: 1,606

OI: 761

Vol/OI: 2.1x

IV: 106.6%

Notional: ~$1.2M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Minor call adds at $33 (Jul 17 & Aug 21); volume low vs puts.

Put additions: Heavy puts: $40 Jul (9776 vol, 6243 OI), $41 Sep (8169 vol, 5446 OI), also $38-41 Jul.

GEX/DEX consistency: Consistent: negative GEX from put sales, positive DEX from delta hedging.

OI clusters: Largest OI: $40 Jul put (6243), $41 Sep put (5446). Also high OI at $38-39 Jul.

Hedging evidence: Widespread put buying above spot suggests downside hedges or bearish bets.

Max pain context: Spot below MP; high put OI above spot implies pressure toward lower levels.

Signal vs Noise

~Signal: negative net premium, high put/call volume ratio 2.07, massive put OI at $40 and $41.

~Noise: small call volume at $33.50 (low vol/oi ratio of 5.1) likely retail.

Key Conclusions

🔻Institutional put flow dominates with heavy buying at $40 (Jul) and $41 (Sep), signaling bearish sentiment.

⚠️Negative gamma $46.4M with positive DEX 109.6M shares; dealers hedged long, amplifying downside risk.

How to Use These Reports

This flow reflects the market close on June 23, 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.