NEW YORK : Options on several U.S.-listed Chinese exchange traded funds have drawn bullish flows in recent days as some traders take advantage of a slump in bullish sentiment on Chinese companies to place contrarian upside bets.The bullish trades occur as investors, who started this year with an upbeat v
NEW YORK : Options on several U.S.-listed Chinese exchange traded funds have drawn bullish flows in recent days as some traders take advantage of a slump in bullish sentiment on Chinese companies to place contrarian upside bets.
On Wednesday, KWEB options volume jumped to 224,000 contracts, or about three times its average daily volume, boosted by a large bullish trade. Wednesday's large trade follows other bullish trades in Chinese ETFs in recent sessions, including a purchase of 60,000 June 30th $29 call options on China Large-Cap ETF on June 2.
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