LemonKing

YANG Calls Cause Evergrande Collapse

Long
AMEX:YANG   Direxion Daily FTSE China Bear 3x Shares
Title says it all. Fidelity finally approved level 2 options, yay, so to celebrate I went out to find me some calls to buy. I have a trip to Vegas in mid-January, and I need gambling money. I imagine something will happen to YANG from the crash in that time, so I grabbed two 16 calls to be safe for the 21st. I plan to sell three days before my trip at whatever price they are at. The way I see it, I should at least be able to scavenge most if I lose at 16. Plus, I can't feel too bad because that means China is doing better. (Go China)

1 YANG @ $18
2 $16 YANG 21JAN22 calls @ $2.93

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