how brian is managing his fxi n'goe from last month. dot anywhere. more "options action" coming your way in two minutes you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. >>> welcome back to "options action," everybody about a month ago, brian laid out a trade on the fxi china large cap trade etf. a week from expiration, how are you managing the trade >> yeah, i think when we look at fxi, we talked a lot about the weakening dollar the last couple weeks. when i look at that, i look at the -- see how they respond to a weakening dollar should go up chin has not looks like it's stuck in the mud. maybe sticks around here any bullish bet i p

. >>> welcome back to "options action," it's time to take some tweets, first fan asks that fxi tradeky and sold the spread for a small profit what's the best way to manage a trade like that in the future. updated the trade last week, brian, what's your take here >> i think when you have a little bit of profit like you did you take it off. when something gets volatile like that, china came out and said they're going to stimulate private companies inside of fsi, what is it, all private chinese companies so the stock popped. you get out for a winner i look to play indy, the back half of the year, that's an area of emerging markets that's going to outperform the chinese markets. >> next fan, does cat pillar look like a good call spread for august, mike >> earnings on tuesday, 4% implied move, it looks like this is a critical juncture, testing against the all-time highs for the year, the call spread is the way i would play it rather than buying the stock, yes. >> carter, what do you think of cat's chart? >> you know, i think you get the breakout makes the new high. >> all right let's get

one of the reasons i wouldn't buy one of the broader indexes like the fxi, which is very banks-heavy. i would cherry pick individual names that can benefit, as consumer discretionary spending sort of backs off a little bit let's wait for evidence on what they're going to do on the stimulus front, but i wouldn't buy broad-based in china today >> what do you think -- which stocks do you think have the all-clear for a u.s. investor to be in at this point, david >> so, i'd be a buyer of baidu you are going to have a generation of people that grew up with them i think they have some benefits still coming from a.i., which is a big national focus for the government also, i'd like back at new oriental education this is a for profit education company. they've done a lot on cramming for exams. during times of unemployment, the chinese do spend a lot of time and energy on improving their skills and their training. and new oriental is in a position to benefit from that. >> david, thank you. >> thank you very much >> and, of course, china has a huge youth unemployment issue, so, it's -- people are