Remember when Chinese equities (Shanghai Composite) inflated 180% from their June 2013 lows to their June 2015 highs: Then the index got cut in half. It put in lows earlier this year, before regaining some …
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Here is some untied options trades that caught our attention in today’s trading: DXJ: the etf that tracks Japanese equities on a currency hedged basis saw what appears to be a roll up in calls. …
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The S&P 500 (SPX) clawed back a good bit of its early 1% losses by days end. One noticeable theme in today’s trading was options traders rolling existing positions: GS: bank stocks under-performed the broad market most of the day, with …
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A year ago yesterday, the People’s Bank of China (PBOC) devalued their currency in dramatic fashion in reaction to deteriorating export data. The unexpected policy move was a spark that lit the global risk asset bonfire …
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You know the old saying, Credit leads Equities. And in China, the country’s fairly well documented credit bubble is leading their stock market down a long road to ruin. The Shanghai Composite closed down 2.8% overnight, …
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As we mentioned in the update to the FXI calendar, our intentions on calendar trades is often simply to buy time. Ideally we see the stock we’re targeting drift around, and maybe slowly approach our …
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While the boarder market seemed determined to march in a straight line back towards the highs over the past few months, we made sure that many of a short biased trades could withstand a few …
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We spent a lot of time talking about the health of China’s economy in 2015, whether they would successfully avoid a hard landing, manage a currency devaluation without massively disrupting the bizarro financial world order …
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To state the obvious, downward volatility in Chinese stocks and their currency is at the core of of the S&P 500’s (SPX) year to date decline of 5%. And related to that, for most days this week …
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Back on December 21st we highlighted what was the largest trade across all options exchanges that day. It was in FXI, the IShares China Large Cap etf: The largest options trade on the tape today …
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