thetaOwl
HomeOptionsFXIReports

FXI

iShares China Large-Cap ETFClose $31.59EOD only
Max Pain
$36.00
Next expiry Jun 30, 2026
Expected Move
±$0.96
3.0% from close
Price Gap
+4.41
Distance to max pain
IV Rank
35
Middle-high premium
P/C OI
0.79
Slightly call-heavy
Consensus
7.5/10
Bearish tilt
Published snapshot: Jun 26, 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 26, 2026 close
FXI Theta Report
Analysis based on market close June 29, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Credit Spreads
Invalidation: Sustained move below $30 support or above $34 resistance.
Confidence:
7 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 11.9% from MP; +1 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV at 55% vs VIX 17.65 – significantly elevated, favorable for premium selling.
Favorable?
Yes

Term structure: Front-week ATM IV 76.66% with extreme put skew (278%). Steep backwardation but elevated IV persists across expirations.

⚠️Extreme put skew front-week (278% IV) signals high tail risk.
📉Dealer net short gamma (-$14.8M) amplifies spot moves.
💰IV premium high vs VIX; selling volatility attractive.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-14.8M)

Gamma flip: ~$30.00 — Approx — based on put OI concentration of 74,343 (5.4% below spot)

OI concentrations: Max pain pins: $36 (6/30), $32 (7/2), $34 (7/10). Call OI wall $37-$42; put floor $30. Gamma flip at $30.

Verdict: Elevated pin risk: spot near put OI concentration (5.4% below) and multiple max pain pins near-term.

Premium Opportunities

#1
Call credit spread
Sell 2026-08-21 $35.00/$36.00 call spread
Sell 2026-08-21 $35/$36 call spread to capture elevated premium with defined risk.
Credit: $0.08-$0.09
Max loss: $0.91
BE: $35.09
Mgmt: Monitor for move above $33.84; close at 50% max gain or before earnings. Liquidity warning: Liquidity constraints: long_call: Wide spread (51%).

Risk Alerts

!High put IV skew
!Negative dealer gamma
!Spot below max pain
!Bearish flow (PCR volume 2.05)
How to Use These Reports
This theta reflects the market close on June 29, 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.