Traders snapped up bullish option bets Friday on exchange-traded funds linked to Chinese stock indexes after US President-elect Donald Trump and Chinese President Xi Jinping discussed trade and other topics. Call options were bought in iShares China Large-Cap ETF (ticker FXI) allowing the holders to purchase some 4 million shares by the end of next week at levels from $31-$32, with additional buying for February expiration, according to Chris Murphy, co-head of derivatives strategy at Susquehanna International Group. The underlying ETFs surged Friday on optimism that the conversation between the two leaders may portend smoother trade relations. The incoming Trump administration has signaled a willingness to boost tariffs on Chinese imports, which has added to pressure on the country’s shares already hit with weakness in the real estate sector To Profit From This News, Contact us today, and let us demonstrate how we can elevate your portfolio to new levels
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