FXI may fill its gap created a few days ago. Ask a stupid question: Does FXI track the whole Chinese market?I took (long) 08/2007 $108 put before it gapped up. Then, I sold 04/2007 $108 put for $1.0 and bought back for $.70. Today, I may sell 05/2007 $108 put for $2.3, but I did not do that because I wanted to see if it will fill the gap.
When we are wrong in buying calls or puts, we can change them into calendars to reduce the cost. Otherwise, we will be killed by the time decay quickly
-wang-lao-wu(钻石王老五);
2007-4-18{391}(#156@43)
FXI tracks FTSE/Xinhua China 25 Index. It only has 25 stocks.
-jeffl(jeffl);
2007-4-18(#165@43)
Thank you. I guess they are blue chips such as Bank of China, China Mobile, and China Life
-wang-lao-wu(钻石王老五);
2007-4-18(#166@43)