Bank of America strategist who correctly predicted the rise: Chinese stocks are poised to go higher

A strategist at Bank of America who correctly predicted the rise in China's stock market now says the rally that put the country's equities among the world's best this year may have more room to run, and many are preparing for that. Lars Naeckter, head of Asia-Pacific equity derivatives research at Bank of America, said demand for bullish bets has increased since China announced a series of stimulus measures. The cost of bullish options relative to bearish options for Chinese stocks listed in Hong Kong, as well as for US exchange-traded funds that track them, is close to the highest since at least 2008.