Yuan options most bearish since June - BBG

Bloomberg carried an article on the Yuan today, noting that traders are shelling out more to bet on further Yuan decline with options, as the Chinese currency extends rout versus the greenback, hitting fresh more-than eight-year lows.

Economist at Commerzbank AG noted, "Investors are re-positioning their trades to protect themselves from accelerated depreciation, as they figured that the Chinese government actually may not have a bottom line for the Yuan’s drop.”

"Bearish bets on the yuan will continue to rise as the market is still pessimistic, but we won’t likely see the same kind of panic in January because policy makers will control the pace of depreciation."