Li Jin, Director of Faxing Securities (Hong Kong)

Up to now, there are 86 China Mobile (0941. HK) put warrants in the market, with the exercise price ranging from 70 to 168.88 Hong Kong dollars. The shortest period is from the end of the year to the end of this year, and the longest period is from the middle of 2009. Faced with so many choices, how should investors choose?

As the current market situation is quite volatile, even if investors choose to build a weak market, it is advisable to pay attention to some put certificates with a longer term and a price within a slight price. Those with a longer term should be half a year or more, and the exercise price can be between HK $136 and HK $146. The main advantage of these types of warrants is that they have less time value loss, that is, when investors have a more neutral view of the positive stock (for example, one to two weeks), the time value loss required to select such types of warrants will be less than that in the short term and beyond the price; At the same time, if the extension amplitude falls back, the lower priced wormwells will be less affected than those out of the price, which can reduce unnecessary risks.