One of the better sectors in the past couple of weeks for me in this horrid market has been China. I stupidly dumped my FXI puts a couple of weeks ago, only to see them ascend nearly 80% in value, but I at least held on to BIDU, BABA, and JD puts. My initial target price on FXI was 29.54, and both yesterday and today we came within 30 cents of that level. I’m getting nervous about the three individual equity puts I’ve got, but that’s badly exacerbated by the clown-raping that’s been happening across the board. Suffice it to say I’ve got an itchy trigger finger on these three Chinese position, in spite of them having literally months left until they expire.
