iShares China Fund (FXI) is up 27 cents to $35.29 after stocks moved mostly higher across China Wednesday on talk Chinese officials will offer subsidies to boost consumer spending (Bloomberg). While Hong Kong’s Hang Seng finished with modest losses, the Shanghai Composite Index moved to three-week highs. FXI is also ticking higher and more than 51,500 Nov 37 calls traded on the ETF. The flow includes a 13000-lot for 35 cents per contract on ISE and is an opening customer buyer, according to ISEE data. A 21,300-contract block traded for 37 cents on CBOE and also looks like a buyer. 9,560 traded for 35 cents on PHLX. Nov 37 calls on the ETF are 4.8 percent OTM and expiring in 37 days.
Category: All ETFs
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.