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FXI

iShares China Large-Cap ETFClose $34.69EOD only
Max Pain
$35.00
Next expiry Jun 12, 2026
Expected Move
±$0.63
1.8% from close
Price Gap
+0.31
Distance to max pain
IV Rank
58
Middle-high premium
P/C OI
0.86
Slightly call-heavy
Consensus
6.0/10
Bullish tilt
Published snapshot: Jun 9, 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 9, 2026 close
FXI Theta Report
Analysis based on market close June 9, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short Put Spread
Invalidation: Break below $34 support or VIX spike above 22
Confidence:
6.5 / 10
base 5; +1 spot 0.9% from MP; +0.5 VIX 20

IV Environment

IV Regime
Normal
IV vs VIX
Avg IV 37.4% vs VIX 19.9%, IV premium ~88%
Favorable?
Yes

Term structure: Near-term IV elevated; 3d ATM 31%, 9d 27%. Slight backwardation in mid-expirations.

📊Max pain at $35 (weekly) and $38 (biweekly) attract price
⚠️Negative gamma -$208.5M may exacerbate moves

Pin Risk Assessment

Spot vs MP: At

GEX regime: Trending ($-208.5M)

Gamma flip: ~$32.00 — Approx — based on put OI concentration of 125,414 (7.8% below spot)

OI concentrations: Heavy OI at $35 (weekly MP), $38 (June18 MP), $36 (June26 MP). Put floor $32, call wall $37-$40.

Verdict: Moderate pin risk due to concentrated OI and negative dealer gamma

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $35.00/$33.00 put spread
Sell Jul17 $35/$33 put spread to collect premium from elevated IV, with support at $34 providing buffer.
Credit: $0.67-$0.81
Max loss: $1.19
BE: $34.19
Mgmt: Exit if FXI breaks below $34; consider rolling down if tested early. Liquidity warning: Liquidity constraints: long_put: Wide spread (122%).
#2
Call credit spread
Sell 2026-07-17 $37.00/$39.00 call spread
Sell Jul17 $37/$39 call spread to profit from capped upside, using IV premium.
Credit: $0.13-$0.16
Max loss: $1.84
BE: $37.16
Mgmt: Exit if FXI rallies above $37; adjust if IV spikes. Liquidity warning: Liquidity constraints: long_call: Wide spread (113%).

Risk Alerts

!IV elevated vs VIX, attractive but volatile
!Negative gamma exposure $208.5M could cause sharp hedging
!Near-expiration pin risk at $35, $38, $36
How to Use These Reports
This theta reflects the market close on June 9, 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.