Bullish New World Bets Hit Record on Optimism It Won’t Default

The Victoria Dockside commercial complex, developed by New World Development Co., in Hong Kong.Photographer: Chan Long Hei/Bloomberg

Bullish options bets on New World Development Co. surged to a peak on Tuesday, as the stock rebounded with analysts estimating the chances of a default are low despite the constant debt concerns.

Also read: New World Rises as Analysts See Default Unlikely: Street WrapBloomberg Terminal