Futu Holdings, Up Fintech options surge before China crackdown sends shares to record lows
Futu Holdings and Up Fintech experienced a surge in put options just before the China Securities Regulatory Commission announced penalties for unauthorized activities. Following the announcement, shares of both companies plummeted significantly, with Futu's shares dropping by as much as 39%. This crackdown is part of a broader effort by Chinese authorities to regulate cross-border trading practices.
- ▪Put options on Futu reached their highest volume since October 2024.
- ▪Tiger Brokers saw put volume increase to about 70,000 contracts, eight times its normal level.
- ▪The CSRC announced penalties for Futu, Tiger Brokers, and Longbridge Securities for unauthorized cross-border activities targeting mainland investors.
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Futu Holdings, Up Fintech options surge before China crackdown sends shares to record lows Put options on both US-listed Chinese brokerages spiked to unusual levels the day before regulators announced penalties for unauthorized cross-border securities activities. Share Add us on Google by Editorial Team May. 22, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Someone knew something. Or at least, someone was betting like they did.
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