To The Moon

As for how much the Chinese concept stocks can rebound in the near future, in fact, the rebound space may not be too much when I finish writing the article (lol). The earliest possible rally order can be traced back to the call spread on May 31: buy $KWEB 20230721 26.0 CALL$ sell $KWEB 20230721 30.0 CALL$ Bullish to above 26, below 30. Some people may ask, hey, didn't you say that some people were bearish until September? I checked, and it looks like the guy closed his position, and I don't know if it's down more than expected, but I think so. However, according to the latest order, the recent increase may exceed 31 buy $KWEB 20230721 31.0 CALL$ The trader bought 40,000 lots, which is considered a big position My view on the sustainability of this rebound, generally speaking, the stock rebound will have a sequence, took a look at the bilibili that has not yet started, found that the big order is the sell call, which is more embarrassing: sell $BILI 20230721 21.0 CALL$ It is clear that the trader is taking a wait-and-see attitude towards this rally In general, the market was too optimistic about China's recovery and is now too pessimistic. It's called expectation management.