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FXI

iShares China Large-Cap ETFClose $34.36EOD only
Max Pain
$35.00
Next expiry Sep 25, 2026
Expected Move
±$0.52
1.5% from close
Price Gap
+0.64
Distance to max pain
IV Rank
10
Low premium
P/C OI
0.94
Balanced positioning
Consensus
7.5/10
Bearish tilt
Published snapshot: Sep 23, 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 23, 2026 close
FXI Theta Report
Analysis based on market close June 25, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 25, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Put Credit Spread
Invalidation: Spot breaks below $30 support
Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 6.8% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
Avg IV 51.6% vs VIX 18.9: elevated skew, rich for premium selling
Favorable?
Yes

Term structure: Front-end IV extreme (71-63%) backwardates to ~30% by mid-July, then flattens around 40%

📈IV > VIX 2.7x: favorable premium environment
⚠️Put volume ratio 2.7x calls, bearish flow
🎯Max pain pinning $34-$36 near-term

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-51.2M)

Gamma flip: ~$25.00 — Approx — based on put OI concentration of 88,001 (21.1% below spot)

OI concentrations: Call OI wall $37-$42, put floor $25-$30, max pain $34-$36

Verdict: Spot $31.04 below max pain; high put OI below may cap upside, but support at $30 holds

Premium Opportunities

Risk Alerts

!Large put OI concentration 88k near $30 - potential pin or gamma squeeze if spot drops
!Short-term IV spikes (1d put 176%) could crush premium sellers
!Gamma flip at $25 far below - limited hedging, but break of $30 could accelerate
How to Use These Reports
This theta reflects the market close on June 25, 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.