Interesting the Trump China Money Bomb I posted in other Threads and am combining here - summary: I saw a newsletter Article that strongly suggested that the FXI was a good proxy for China Trade Tariffs settlement rebound since the US Markets are making new all time highs ATHs (S&P Projected to correct from 2916 SPX ATH down to 2000/2050 then up to 3500+ over the next few of years) - whereas China is now in full bear market territory down more than 20%, therefore, China has the most to rebound from in the short-term so should be a better bounce up especially since we are in the process of making an S&P Supercycle Wave 3 to 4 top FXI is making a Major Wave bottom turn from Wave 4 to 5.
FXI - Currently 56+/- China Large Cap ETF Holdings so essentially a DOW style proxy for Communist Freaking Red China - Note I have no problem earning a profit off our enemy when they are being brought to heel with President Trump's corrective interview imnsho.
https://www.ishares.com/us/products/2395...rgecap-etf (Scroll down to see all current holdings).
I had looked at FXI Options as I noticed that from the FXI Feb 2016 Swing Low and noticed a clear 4 wave count and calculated Wave 4 was making a turn low into wave 5 so I bought 30 FXI Contracts at 3 laddered prices and sold the lowest Buys on a pop higher for 250% profit and the mid laddered price for 69% profit all in less than one month and held the higher priced FXI Options for a short term loss waiting for the longer term USA/China Trade renegotiations... well my news feeds indicated USA China trade talks back on as the Chinese severely miscalculated the negative effects on their Chinese Freaking Red Chinese centrally Controlled Socialist Predatory Capitalists economy and were dumbfounded that the Trump unfettered free markets economy is booming so much.
https://www.wsj.com/articles/u-s-proposi...1536765266
Bottom line I was surprised to see my 10 FXI remaining Fliers for next spring Trade Negotiations to be finalized - well the Markets are sensing a new sense of urgency on the Chinese Red Communists side and FYI popped up 46% today as it had tested a low of $0.08 when it looked like the world was coming to an end with USA Chinese Communist Global Trade and the MSM was screaming Trade War FUD 24/7.
Markets are indicating otherwise today FXI Nov or later Dec/Jan etc $48 Calls may be at a bargain price at 12 cents (x 100) or $12.00 USD per Call Option Contract:
SymbolLast Price $ Change $ Change % Qty Price Paid $
FXI Nov 16 18 $48 Call0.120.0446.67%100.38
Good Hunting...
Deepdiver
NBF - Nuke Boats Forever
NOTE: This discussion is not intended as investment advice in any way, shape, or form and is mentioned for informational purposes only for discussing that we are now making a major Market Top and entering a Major S&P 38 Year Long Supercycle Top Wave 3 to 4 Reversal. Seek competent professional advice to determine your risk tolerance before trading Options or Futures contracts. Never invest more than you can afford to lose.
FXI - Currently 56+/- China Large Cap ETF Holdings so essentially a DOW style proxy for Communist Freaking Red China - Note I have no problem earning a profit off our enemy when they are being brought to heel with President Trump's corrective interview imnsho.
https://www.ishares.com/us/products/2395...rgecap-etf (Scroll down to see all current holdings).
I had looked at FXI Options as I noticed that from the FXI Feb 2016 Swing Low and noticed a clear 4 wave count and calculated Wave 4 was making a turn low into wave 5 so I bought 30 FXI Contracts at 3 laddered prices and sold the lowest Buys on a pop higher for 250% profit and the mid laddered price for 69% profit all in less than one month and held the higher priced FXI Options for a short term loss waiting for the longer term USA/China Trade renegotiations... well my news feeds indicated USA China trade talks back on as the Chinese severely miscalculated the negative effects on their Chinese Freaking Red Chinese centrally Controlled Socialist Predatory Capitalists economy and were dumbfounded that the Trump unfettered free markets economy is booming so much.
https://www.wsj.com/articles/u-s-proposi...1536765266
Bottom line I was surprised to see my 10 FXI remaining Fliers for next spring Trade Negotiations to be finalized - well the Markets are sensing a new sense of urgency on the Chinese Red Communists side and FYI popped up 46% today as it had tested a low of $0.08 when it looked like the world was coming to an end with USA Chinese Communist Global Trade and the MSM was screaming Trade War FUD 24/7.
Markets are indicating otherwise today FXI Nov or later Dec/Jan etc $48 Calls may be at a bargain price at 12 cents (x 100) or $12.00 USD per Call Option Contract:
SymbolLast Price $ Change $ Change % Qty Price Paid $
FXI Nov 16 18 $48 Call0.120.0446.67%100.38
Good Hunting...
Deepdiver
NBF - Nuke Boats Forever
NOTE: This discussion is not intended as investment advice in any way, shape, or form and is mentioned for informational purposes only for discussing that we are now making a major Market Top and entering a Major S&P 38 Year Long Supercycle Top Wave 3 to 4 Reversal. Seek competent professional advice to determine your risk tolerance before trading Options or Futures contracts. Never invest more than you can afford to lose.