First things first. Let’s try to put this into perspective by way of the Chinese ETF symbol FXI.
What you see above is NOT NORMAL. It would be the equivalent, quite literally, of the Dow Jones Industrial Average climbing by 18,000 points between now and the end of the month. And yet people are just cheerfully taking it in stride, since the Communist dictatorship behind this “stimulus” has, for the moment, convinced the blinkered masses to jump right in.
For myself, I am gritting my teeth and maintaining my long put positions in PDD (mentioned in the prior post), JD.com, and Yum China.
And if you’re a REAL glutton for punishment, consider the triple-bearish ETF below (or, hell, you can go absolutely wacko and see if there are calls are on this bad boy). In any event, my “conservative” position is to maintain my in-the-money put options which expire a lusty 102 days from now and defy Chairman Pooh with as steely a gaze as I can muster.
