Cost of PUTs on Shanghai Index Hits Record vs. Calls; Sentiment vs. Valuation

This Bloomberg headline " If the Options Market Is Right, China’s Stock Rescue Is Doomed " reads like something one would find in a tabloid, but the reverse is now true. Options traders have never been so pessimistic on China’s stock market, betting the government’s renewed effort to prop up share prices is doomed to fail. The cost of bearish contracts on the China 50 exchange-traded fund surged to the highest level versus bullish ones since they started trading in Shanghai six months ago

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Cost of PUTs on Shanghai Index Hits Record vs. Calls; Sentiment vs. Valuation