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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
65
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 Theta Report
Analysis based on market close June 16, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness5 / 10
Sizing: Conservative
Primary: Credit call spreads
Invalidation: Spot breaks below $32 support or above $37 resistance
Confidence:
7 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 6.6% from MP; +1 VIX 16

IV Environment

IV Regime
Normal
IV vs VIX
Avg IV 34.6% vs VIX 16.4%, elevated by 18 pts
Favorable?
Yes

Term structure: Front-end IV elevated with extreme call skew (2-day call IV 89.7%); back-end IV lower (~24-30%)

📊2-day expiry call IV 89.7% signals lottery demand
📉VIX 16.4 suggests low broad vol, but FXI IV elevated

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-383.1M)

Gamma flip: ~$32.00 — Approx — based on put OI concentration of 125,414 (7.4% below spot)

OI concentrations: Max pain $36-37; put floor $32; call wall $37-40

Verdict: Spot near max pain but below; moderate pin risk due to OI concentrations

Premium Opportunities

#1
Call credit spread
Sell 2026-07-17 $37.00/$39.00 call spread
Sells OTM calls to capture premium with defined risk.
Credit: $0.08-$0.10
Max loss: $1.90
BE: $37.10
Mgmt: Close if spot breaches $37 or IV collapses. Liquidity warning: Liquidity constraints: short_call: Wide spread (88%).; long_call: Wide spread (86%).
#2
Put credit spread
Sell 2026-07-17 $33.00/$30.00 put spread
Sells OTM puts to generate income with defined risk.
Credit: $0.13-$0.16
Max loss: $2.84
BE: $32.84
Mgmt: Roll or close if spot drops below $34. Liquidity warning: Liquidity constraints: long_put: Wide spread (185%).

Risk Alerts

!Negative GEX -$383M indicates dealer short gamma
!Put/call OI ratio 0.80 skewed to calls
!Spot 6.6% below MP, could drift upward
!Extreme call skew (89.7%) and negative GEX make short premium risky
How to Use These Reports
This theta 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.