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FXI

iShares China Large-Cap ETFClose $32.94EOD only

Max Pain

$34.00

Next expiry Oct 23, 2026

Expected Move

±$0.23

0.7% from close

Price Gap

+1.06

Distance to max pain

IV Rank

Low premium

P/C OI

1.03

Balanced positioning

Consensus

7.5/10

Bearish tilt

Published snapshot: Oct 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

Oct 21, 2026 close

FXI Theta Report

Analysis based on market close June 8, 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 June 8, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 spot 0.9% from MP; +0.5 VIX 19

IV Environment

IV Regime

Normal

IV vs VIX

IV 38.6% vs VIX 18.9, premium opportunity

Favorable?

Yes

Term structure: Spiky near-term, put IV 80% on Jun18; back-month contango

⚠️Dealer GEX -$133M, bearish flow, high put vol ratio 1.39

📈IV elevated, but near-term put IV spike demands caution

Pin Risk Assessment

Spot vs MP: At

GEX regime: Trending ($-133.0M)

Gamma flip: ~$32.00 — Approx — based on put OI concentration of 125,414 (7.7% below spot)

OI concentrations: Put floor $32-$32 (gamma flip), call wall $37-$40, max pain $35, $38, $36

Verdict: Elevated pin risk; multiple pins near spot

Premium Opportunities

Put credit spread

Sell 2026-07-10 $33.00/$30.00 put spread

Sell $33/$30 put spread to exploit inflated put prices while limiting downside to $2.72.

Credit: $0.23-$0.28

Max loss: $2.72

BE: $32.72

Mgmt: Monitor invalidation at $34; exit early if IV collapses or spot breaches. Liquidity warning: Liquidity constraints: short_put: Open interest below 25.; long_put: Open interest below 25.

Risk Alerts

!Dealer short gamma may amplify moves

!Near-term put IV spike (80%+)

!Bearish put volume ratio suggests hedging

How to Use These Reports

This theta reflects the market close on June 8, 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.