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FXI

iShares China Large-Cap ETFClose $33.96EOD only

Max Pain

$35.00

Next expiry Sep 30, 2026

Expected Move

±$0.46

1.4% from close

Price Gap

+1.04

Distance to max pain

IV Rank

Low premium

P/C OI

0.95

Balanced positioning

Consensus

7.5/10

Bearish tilt

Published snapshot: Sep 25, 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

Sep 25, 2026 close

FXI Theta 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.

You are viewing an older report from May 14, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

7 / 10

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

IV Environment

IV Regime

Normal

IV vs VIX

IV 30.9% vs VIX 17.3, elevated >1.8x

Favorable?

Yes

Term structure: Front-end extreme skew (1d put IV 87%) due to expiry and pinning; rest normal

📌Gamma pin at $37 with $285M positive GEX likely to keep spot rangebound

⚡1d put IV 87% signals extreme fear; consider selling premium further out

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+285.1M)

Gamma flip: ~$37.00 — Approx — based on put OI concentration of 187,198 (0.6% below spot)

OI concentrations: Put OI heavy at $37 (187k contracts, 0.6% below spot); call wall $40-$41

Verdict: High pin risk at $37; spot within 1% of max pain

Premium Opportunities

Put credit spread

Sell 2026-06-18 $37.00/$35.00 put spread

Sell $37/$35 put spread to collect elevated premium with limited downside.

Credit: $0.64-$0.78

Max loss: $1.22

BE: $36.22

Mgmt: Exit if spot breaks below $37. Manage around gamma flip level.

Call credit spread

Sell 2026-06-18 $38.00/$40.00 call spread

Sell $38/$40 call spread to profit from limited upside outlook.

Credit: $0.41-$0.50

Max loss: $1.50

BE: $38.50

Mgmt: Close if spot rises above $38. Monitor IV compression.

Risk Alerts

!Gamma flip level $37: stay nearby or hedge

!Near-term IV skewed; avoid naked puts

!Large positive gamma may reduce realized vol but amplify pin

How to Use These Reports

This theta 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.