Market News

November 23, 2016  Wed 9:22 AM CT

A large trade is looking gains in the iShares FTSE/Xinhua China 25 Index Fund.

OptionMonster's tracking program detected the purchase of 6,000 December 37.50 calls in one print for $0.35 today. This is clearly a new position, as volume well surpassed the strike's open interest of 1,210 contracts.

Long calls lock in the price where investors can buy stock, allowing them to profit from a rally with limited capital at risk. Their cheap cost can also generate significant leverage on a percentage basis if shares move in the right direction. (See our Education section)

FXI is off 0.5 percent to $36.70 in morning trading and is down 3 percent in the last month. Calls outnumber puts by a bullish 28-to-1 ratio.

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President John F. Kennedy, Thanksgiving 1963

This Proclamation by JFK was delivered November 4, 1963. It proclaimed November 28, 1963 as a day of national thanksgiving.

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