$Direxion FTSE China Bear 3X(YANG.US) Last week, the sell call of YANG was exercised. This week, holding the short position of the underlying stock as a hedge, and also sold the call of YINN, and sold the put of YANG. In terms of quantity, if there is a big rise, YANG will be closed out, and the short position of YINN will be held. But considering there are also Chinese concept stocks, and the short position of YINN itself has time decay, plus the money made from YANG can be used as margin, the risk can be controlled in case of a big rise.
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