Could Deutsche X-Trackers Harvest CSI 300 China A-Shares ETF Change Direction After Today’s Bullish Options Activity?

 Could Deutsche X Trackers Harvest CSI 300 China A Shares ETF Change Direction After Today's Bullish Options Activity?

In today’s session Deutsche X-Trackers Harvest CSI 300 China A-Shares ETF (ASHR) registered an unusually high (1,452) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious ASHR increase. With 1,452 contracts traded and 85154 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: ASHR161021C00024000 closed last at: $0.7 or 6.7% down. The ETF decreased 0.45% or $0.11 on October 4, hitting $24.44. Deutsche X-Trackers Harvest CSI 300 China A-Shares ETF (NYSEARCA:ASHR) has risen 9.31% since March 1, 2016 and is uptrending. It has outperformed by 0.06% the S&P500.

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