At the beginning of this week, traders spent around 55 million dollars to buy call options on a leveraged ETF tracking china's benchmark stock index, further increasing the abnormal bids that emerged last Friday.
On Monday, over 0.2 million call options for the Direxion Daily Bull 2X csi 300 China A Shares Fund were purchased. $Direxion Daily CSI 300 China A Share Bull 2X Shares (CHAU.US)$ Holders can buy 20 million shares of this etf at a price of 15 dollars per share at any time before mid-May. Based on an average price of approximately 2.64 dollars per share, the total amount exceeds 55 million dollars.
On Monday, china's assets rose across the board, as data showed improvements in manufacturing activity. $Direxion Daily CSI 300 China A Share Bull 2X Shares (CHAU.US)$ The etf closed flat, and options trading for this etf is usually relatively light, with daily volumes ranging from a few hundred to a few thousand. However, since early October, trading volume has increased.
Last Friday, the Direxion Daily 3X Bull FTSE China ETF. $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ The volume of options trading has surged, with more than 0.098 million call options expiring in January 2026 and with a strike price of $27 traded, and another 0.038 million purchased on Monday.
Editor/Somer