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VisualMod t1_iy6g2rx wrote

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VisualMod t1_iy6g3kd wrote

>It appears that stocks in Hong Kong have risen by 3% during the Asian session, driven largely by speculation regarding China's Covid situation. This comes despite Japan posting weaker-than-expected unemployment and retail sales data earlier this morning. Investors are likely keeping a close eye on further developments out of China as they determine how to allocate their portfolios going forward.

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Ok-Train4958 t1_iy6gmih wrote

Right after WSB loads up on puts…

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Observ1 t1_iy6kid3 wrote

The whole Chinese economy is as stable as the AMC stock.

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faithOver t1_iy6l29o wrote

So does the market pretty much just exist to fuck everyone out of their options plays?

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squirea1 t1_iy6l745 wrote

But futures are up 0.1%. Almost like nobody trusts the pump

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LimitedEditionPizza t1_iy6wftp wrote

Local media reported that the Chinese State Council will hold a press conference on Covid measures at 3 p.m. local time, or 2 a.m. ET.

Speculation that chinese covid policy will change? Lol will the ccp ever dare to loosen its white knuckle grip on rights in china?

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4troglodyte t1_iy6y1u6 wrote

If you stop looking for things suddenly you can’t find them. Maybe Xi is now taking that into consideration to save face🤔

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pattiemcfattie t1_iy7s3lt wrote

Not worried. CCP can only put so much FLEX TAPE on their economy. Long dated puts you’ll be fine

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DeadSol t1_iy7vibr wrote

This is because I bought BABA puts, you're welcome.

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