Changes in Chinese assets! How to Play Bear Spread?
Recently, Wall Street's bullish voices on Chinese assets have gradually increased. With the breakthrough progress of DeepSeek causing a sensation in the global market, many investment banks on Wall Street have recently held a more optimistic view on China's stock market.Liu Jinjin, chief China equity strategist at Goldman Sachs, and his team predict that China's stock market is expected to rise further after the recent strong rise as the birth of DeepSeek triggers people's optimism about China's technological progress. The Goldman Sachs team raised the target of the CSI 300 Index for the next 12 months from 4,600 points to 4,700 points, with an upside of 19%. Goldman Sachs believes that the emergence of DeepSeek R1 and other Chinese artificial intelligence models has changed the narrative
$COIN 20250228 320.0 CALL$ 2 x covered call expiring out of the money soon, should be closing this next week, anticipating a bounce in share price off closing around the 50 week/ 200 day moving average. Looking to sell another round of covered calls as these shares were being bought with financing after my 2 x sell puts were being assigned at 300. Using the premiums earned to pay off the interest and lowering the cost basis of the assigned shares. Could potentially pay off the cost of the 200 shares if I'm getting the covered calls out of the money consistently.
Friday's trading session presented a unique challenge, with three positions set to expire on the same day. Despite the complexities, I effectively managed the situation to secure favourable outcomes. Firstly, I closed $GRAB 20250221 4.5 PUT$ option, generating a modest profit. Notably, this trade marked one of my initial attempts at rolling a put option, demonstrating the effectiveness of this strategy. Next, I closed $SOXL 20250221 24.0 PUT$ option, yielding a satisfactory profit. This position originated from the DeepSeek saga, which saw $NVIDIA Corp(NVDA)$ plummet 16%. By capitalizing on the ensui