Greece and Puerto Rico Matter, But China is Key

While all eyes will be on Greece over the weekend, the real story that remains to be played out is China. The volatility recently has been nothing short of breath taking.

Looking at the Large Cap China ETF (FXI), approaching the 44 support level that was the launch pad for the the now failed moonshot higher.

Will be interesting to see how it all plays out, but with implied vols up and FXI now having clear resistance to the 48.75 level, think selling some upside call spreads makes intuitive sense.

Posted to Options & Volatility on Jul 02, 2015 — 8:07 AM

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