Levered China ETF Bullish Bets Net $138 Million Paper Gain.

Traders have seen a paper gain of over $138 million on bullish options in levered China ETFs following signals of stronger economic support from Beijing. The options were focused on Direxion Daily FTSE China Bull 3x Shares (YINN) and Direxion Daily CSI 300 China A Shares Bull 2x Shares (CHAU). The surge in Chinese stocks was attributed to President Xi Jinping's decision to adopt a "moderately loose" monetary policy in 2025, leading to increased interest-rate cuts and a shift in economic strategy. The trades, which were larger than usual for these ETFs, suggest a bet on continued stimulus well into 2025. [Extracted from the article]