Plagued by food and health scandals, Chinese consumers are increasingly turning abroad in order to avoid risk of buying fake beauty products, contaminated milk powder, or fake pharmaceuticals.
Mr. Voake, the owner of Vermont Wooden Toys, has been deluged with orders from customers leery of buying toys made in China after millions of toys manufactured there were recalled this year because they have lead paint.
They added that about 20percentt of buying orders seem to be coming from retail investors (e.g. regular people), which is "unprecedented".
One optimistic player appears to have employed a three-legged bullish trade, selling a put spread in order to buy out-of-the-money calls in the April contract.
It appears the pessimistic player sold call options in order to offset the cost of buying a plain-vanilla debit put spread in the December contract.
The trader sold 2,500 calls at the October $50 strike for a premium of $2.20 apiece in order to offset the cost of buying the same number of puts at the lower October $30 strike for $1.60 each.
It appears the trader sold 10,000 puts at the December 7.0 strike for 45 cents premium in order to offset the cost of buying 20,000 calls at the higher December 8.0 strike for 15 pennies apiece.
It looks like the optimistic options player sold 5,000 puts at the October $5.00 strike for a premium of $0.35 apiece in order to halve the cost of buying 5,000 calls at the nearer-term July $10 strike for a premium of $0.70 each.
The long-term bullish options strategist appears to have sold 3,000 puts at the June 2011 $40 strike for a premium of $0.55 apiece in order to offset the cost of buying 1,000 calls at the June 2011 $50 strike at a premium of $1.45 each.
More interesting was the reversal play on the EWJ in the February contract, in which someone sold short 16,800 calls at the $10 strike for 30 cents apiece in order to finance the cost of buying 16,800 puts at the same strike for 23 cents apiece.
