CYB, Yuan ETF appreciates impressively: big profits

While the US continues to hit China with a war of accusations with regards to the Yuan, the Chinese currency has appreciated handsomely and impressively, thank you very much.

We posted very cheap options on October 5, then CYB was trading at $.

Here is the current situation, showing the gains on CYB itself, and on those options.

Those are quite impressive gains for 1 week. Note that while CYB appreciated 0.82% (a huge move the the Yuan), the options rose between 7.69% and 20%. And those are long term options for January and April 2011!