Position Update
The short FXI April 149 puts expired worthless, so kept the 0.56 premium. Portfolio is still ling the regular May FXI 149 puts...will look to re-hedge come Monday. Still want to maintain the short Chinese stock position in a guarded fashion, especially given what we read below.
from Bloomberg News
The Shanghai index gained 2.5 percent this week and has risen 91 percent over the past six months. The index now trades at 17.5 times expected earnings over the next 12 months, versus the five-year trailing average of 11 times. Margin trading rose to an all-time high at RMB1.19 trillion ($191 billion) as of Thursday.
Party On!
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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member
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