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Options Traders See iShares China Large-Cap ETF Gaining This Much Within A Few Months

Published 05/04/2023, 13:34
Updated 05/04/2023, 14:40
© Reuters. Options Traders See iShares China Large-Cap ETF Gaining This Much Within A Few Months
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Benzinga - iShares China Large-Cap ETF (NYSE: FXI) has gained more than 3% since the start of the year.

Despite ongoing concerns in China, the flow on balance on FXI was bullish on Tuesday, according to Mike Khouw of Optimize Advisors on CNBC’s "Options Action."

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There was a buyer of 6,000 of the June 30/35 call spreads at an average price of $1.04 per contract, Khouw mentioned.

The trader sees FXI gaining 6% within next few months.

Price Action: iShares China Large-Cap ETF fell 0.4% to $29.27 on Tuesday. Shares of Alibaba Group Holding Limited (NYSE: BABA), having a market capitalization of around $271 billion, gained 2.4% to settle at $100.72 on Tuesday.

Check This Out: Check Out 3 Tech And Telecom Stocks With Over 3% Dividend Yields From Wall Street's Most Accurate Analysts

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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