I was alerted to some unusual activity in VIPS APR 13 Calls on Friday afternoon and bought sight-unseen due to the Chinese exposure, and time-to-expiry. Since then, the is up 9% and the calls have returned 106%. Chinese officials are doubling, well tripling down on debt - from easing loan-loss provisions for banks to increasing margin lending debt. I think you have to buy that market. VIPS looks like a great way to do so. Look for a breakout from the current channel prior to filling the gap at $15.