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Bloomberg
Some investors may have been taking advantage of the sell-off in Asian stocks to position for a rebound.
While the iShares China Large-Cap ETF tumbled the most in two years on news that the coronavirus out of China has spread, Susquehanna Financial Group spotted buyers of bullish options. Four of the five most-traded contracts on US-listed exchange-traded fund were calls, shows Bloomberg data.
“Despite the negative news and moves lower in the underlying, we are seeing bullish flow in the options,†Chris Murphy, the co-head of derivatives strategy at Susquehanna, said.