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FXI

iShares China Large-Cap ETFClose $36.50EOD only
Max Pain
$35.50
Next expiry Aug 7, 2026
Expected Move
±$0.41
1.1% from close
Price Gap
-1.00
Distance to max pain
IV Rank
9
Low premium
P/C OI
0.82
Slightly call-heavy
Consensus
7.5/10
Bearish tilt
Published snapshot: Jul 31, 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
Jul 31, 2026 close
FXI Theta Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 17, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Long volatility (short-dated options)
Invalidation: Break below $32 support
Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 9.1% from MP; +0.5 VIX 18

IV Environment

IV Regime
Normal
IV vs VIX
IV 46% vs VIX 18 – elevated skew
Favorable?
No

Term structure: Near-term inverted (1D 53%, 13D 63% then drop) signals short-dated vol spike

⚠️High IV premium but bearish flow & negative GEX increase risk

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-411.6M)

Gamma flip: ~$32.00 — Approx — based on put OI concentration of 125,414 (4.9% below spot)

OI concentrations: Max pain at $35-$37; put wall near $32

Verdict: Spot near support, pin risk elevated at weekly expirations

Premium Opportunities

#1
Put calendar
Sell 2026-07-17 $32.00 put / buy 2026-08-21 $32.00 put
Sell short-term put, buy longer-term put to profit from time decay and volatility compression.
Debit: $0.18-$0.22
Max loss: $0.22
BE: Path-dependent
Mgmt: Close if spot breaks below $32; adjust strikes if volatility rises. Liquidity warning: Liquidity constraints: short_put: Wide spread (125%).; long_put: Wide spread (91%).
#2
Call diagonal
Sell 2026-07-17 $35.00 call / buy 2026-08-21 $36.00 call
Sell short-term call, buy longer-term call to capitalize on time decay and limited upside risk.
Debit: $0.20-$0.25
Max loss: $0.25
BE: Path-dependent
Mgmt: Monitor theta decay; close if spot drops below $32 support or volatility spikes. Liquidity warning: Liquidity constraints: long_call: Wide spread (157%).

Risk Alerts

!Negative GEX ($-411M) amplifies directional moves
!Gamma flip at $32 – potential acceleration below
How to Use These Reports
This theta reflects the market close on June 17, 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.