Franklin FTSE India ETF (FLIN) Volume & Open Interest

Volume and open interest by strike show where trading activity and outstanding positions are concentrated. Clusters of OI often act as support and resistance levels.

Franklin FTSE India ETF (FLIN) operates in the Financial Services sector, specifically the Asset Management - Global industry, with a market capitalization near $3.24B, listed on AMEX, carrying a beta of 0.60 to the broader market. The fund aims to deliver returns that closely mirror the performance of the FTSE India RIC Capped Index (frequently referred to as the FTSE India Capped Index), before accounting for any fees or expenses. public since 2018-02-08.

Snapshot as of Jul 13, 2026.

Spot Price
$35.00
Total Volume
8
Total OI
128
Call OI
65
Put OI
63
Gamma Concentration
0.21

As of Jul 13, 2026, Franklin FTSE India ETF (FLIN) has 8 contracts traded today against 128 contracts outstanding. Open interest breaks down as 65 calls and 63 puts. Turnover ratio is 0.06: typical maintenance flow relative to existing positions. Gamma concentration is 0.21: open interest is more distributed across strikes. Comparing today's volume to accumulated open interest reveals whether flow is opening new positions or closing existing ones, with heavy OI strikes often acting as support and resistance.

How FLIN volume & open interest Data Feeds Strategy Selection

Strategy selection on Franklin FTSE India ETF options does not derive from any single metric in isolation. The volume & open interest view above sits inside a broader read: ATM IV currently sits at 45.1% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the volume & open interest data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

How to read the FLIN volume and OI data

The two-panel chart above splits Franklin FTSE India ETF contract activity into volume (daily flow) and open interest (cumulative inventory) per strike. The per-strike grid table beneath gives the precise numbers for the densest 30 strikes. Total call OI of 65 versus put OI of 63 gives a put/call OI ratio of 0.97 - structurally a slower-moving signal than the volume-based ratio.

FLIN flow vs positioning

Volume tells you what flows happened today; OI tells you what positions accumulated. Both can move in opposite directions: rising volume with falling OI means contracts are being closed (covering); rising volume with rising OI means new positions are being opened. The combination matters more than either alone for reading sentiment. The per-strike grid distinguishes the strikes attracting flow today from the strikes carrying accumulated inventory - high volume at strikes that also carry high OI typically means rolling activity (closing front-month, opening longer-dated), high volume at low-OI strikes typically means fresh directional positioning. Combined with the current negative dealer-gamma regime, large OI clusters tend to act as price repellents that accelerate moves through key strikes.

Using FLIN OI/volume data alongside other surfaces

Per-strike OI is the input to dealer-gamma calculations: strikes with elevated call OI generate gamma walls that dealers must hedge into as spot approaches them. The gamma-exposure page combines this distribution with the dealers' assumed-long-gamma assumption to project hedge flow. Volume cross-checks recent positioning shifts in the chain that haven't yet shown up in cumulative OI. Pair both with the term-structure view on the volatility page to determine whether the activity is concentrated in near-dated event hedging or longer-dated structural positioning. Front-month expiration for FLIN sits at 39 days, so near-dated volume currently dominates the flow reading.

Learn how volume and open interest is reported and how to read the data →

Frequently asked FLIN volume & open interest questions

What is the FLIN options turnover ratio?
As of Jul 13, 2026, FLIN turnover ratio is 0.06 (8 contracts traded against 128 contracts outstanding). A turnover ratio below 0.5 is typical maintenance flow against existing positions.
Where is FLIN open interest concentrated?
Gamma concentration is 0.21: open interest is more distributed across strikes, reducing any single-strike pinning force. The full per-strike open-interest distribution is visible in the chain view.
Why does volume-open-interest matter for FLIN options?
Volume tells you what is being traded today; open interest tells you what was already there. The combination separates opening flow (today's volume building new positions) from closing flow (today's volume unwinding existing ones), and locates the strikes that carry hedging-driven support or resistance based on dealer-gamma concentration.