Bullish HKEx Bets at Highest Since 2011 on China Shares: Options
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Bullish bets on Hong Kong Exchanges & Clearing Ltd. cost the most in almost four years amid optimism that demand for Chinese shares listed in the city will boost trading volume.
Calls that pay should the world’s second-biggest exchange operator by market value rally 10 percent cost 7.7 points more than equivalent bearish bets as of Jan. 27, the widest gap since February 2011, three-month data compiled by Bloomberg show. Hong Kong Exchanges shares will extend gains this year, after rallying 33 percent in 2014, as higher equities volume and contributions from the London Metal Exchange drive earnings growth, according to Bank Julius Baer & Co. and BNP Paribas SA.