Close the short China position for a 143% Gain

The markets opened this morning across the world with massive volatility and selling. In the short term, we believe that a bounce is likely and we are closing our long calls on FXP. We bought the Sept $43 Calls on FXP on July 8th for $3.50, and we sold them today for $8.50 representing a $5.00 profit on each call. This is a 143% gain and we're taking the money and running ahead of any bounce in China which will move FXP lower.