Options Flow - Trade Ideas

[dariush9]

"For the third time this week, some unusual call activity (~16:1 over puts) is being seen in the Direxion Daily FTSE China Bear 3X Shares ($YANG + $0.72 to $11.47) as option traders primarily target the January 2024 11.00 call.

Volume on this contract is 9,434 versus open interest of 808, so we know that the volume primarily represents new positioning. The bulk of the transactions on this contract consisted of various mid-sized blocks that were being bought at various times at the ask price of $2.90 each.

Since YANG is a leveraged bearish ETF, the positioning suggests that the call buyers are bearish on China."

Intersting...