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DeepNewz, mobile.
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Traders who scooped up millions of shares worth of bullish options over the past week in tiny, levered exchange-traded funds tracking Chinese indexes are up more than $130 million on paper https://t.co/nmSkCcPQkU
China 2x Levered ETF $CHAU -- This massive bull in May 15 calls from two weeks ago is up over $30M in profits today after accumulating 200k+ contracts in open interest. https://t.co/OKcIyfTOF6
$FXI China +7.4% ...best gain since the stimmy news in Sept. Held the 61.8% retrace of the Aug-Oct pullback https://t.co/LAmNqdAZlI
Chinese markets experienced significant gains, with the FXI index rising 7.4%, marking its best performance since September. The surge follows China's announcement of 'more proactive' fiscal stimulus measures and 'moderately' looser monetary policy. Traders who invested heavily in bullish options on leveraged ETFs, such as $CHAU and $YINN, have seen substantial profits. Notably, a trader holding over 200,000 $CHAU May 15 call contracts has reportedly gained more than $30 million. Another trader laid down $135 million in call premium on a 3x leveraged ETF. The market rally aligns with China's reaffirmation of its 2025 policy direction, which had been anticipated for months.
