按每份约2.64美元的合约平均价格计算，该笔交易总计斥资了5500万美元。① On Monday, over 0.2 million units of Direxion Daily CSI 300 China A Share Bull 2X Shares (CHAU) call options were purchased; ② The ETF's options trading volume is usually very low, with daily trades often ranging from a few hundred to a few thousand units. Therefore, the emergence of 0.2 million units of single-day option trading this time can be described as extremely rare.
Cailian News Agency, December 3rd (Editor Xiaoxiang) For two consecutive trading days, Wall Street traders have started to "layout A shares" through large call options...
The data from the options market shows that on Monday, over 0.2 million units of Direxion Daily CSI 300 China A Share Bull 2X Shares (with the code CHAU) call options were purchased - this option allows holders to purchase 20 million units of the ETF at a price of $15 per unit at any time before mid-May next year.
Based on an average contract price of approximately $2.64 per unit, this transaction totaled $55 million.
In the US market on Monday, CHAU closed at $15.48, remaining relatively flat for the day. This leveraged ETF is twice as long on the CSI 300 Index.
The ETF's options trading volume is usually very low, with daily trades often ranging from a few hundred to a few thousand units. Therefore, the emergence of 0.2 million units of single-day large-scale trading this time can be described as extremely rare.
It is worth mentioning that besides CHAU, traders have recently also conducted large-scale call options purchases on another ETF with more leverage (three times long).
The data shows that last Friday, over 98,000 units of call options for Direxion Daily FTSE China Bull 3X Shares ETF (YINN) with an expiration date in January 2026 and a strike price of $27 were traded. This ETF is three times long on the FTSE China Index.
On Monday, there were 38,000 YINN call options traded.
It is worth noting that the sudden emergence of these call options coincides with the significant outflow of funds from Chinese stock ETFs in the USA market in November. This may reflect a renewed sentiment shift towards Chinese assets in the US market, which investors should pay attention to.
Over the past few months, there was a record inflow of funds into Chinese stock ETFs in October, followed by a massive outflow in November. The capital trend has undergone multiple changes.
Dennis DeBusschere, President and Chief Market Strategist at 22V Research, stated that the uncertainty of Trump's tariff increases and declining investor confidence in Chinese stimulus measures led to a reversal in the momentum of record fund inflows into Chinese stock ETFs in October last month.
However, some traders are still hopeful that the new stimulus measures China is expected to implement this autumn will effectively support the Chinese economy and capital markets. Since September, the Chinese government has introduced a series of measures to curb economic slowdown, including interest rate cuts, providing more cash to banks, and implementing a 10 trillion yuan local fiscal stability plan.
Looking at the market trends, both A-shares and Hong Kong stocks rose on Monday, marking a positive start for December, as the latest data shows improvement in manufacturing activities. These positive economic indicators have strengthened investors' confidence in the Chinese market.
Data released by the National Bureau of Statistics on November 30th showed that the Purchasing Managers' Index (PMI) for manufacturing in November was 50.3%, up 0.2 percentage points from the previous month, rising for the third consecutive month and remaining in the expansion range for the second consecutive month.
