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 Sina Finance

Put warrants and call warrants

http://www.sina.com.cn 07:41, July 11, 2007 Panorama Network - Securities Times

Put

The securities firm cancels the put and creates the call and put warrants and the call warrants

Trainee reporter Gui Yanmin

Yesterday, when the rebound momentum of the stock index weakened, put warrants became active again. All five put warrants in the two markets were red, with a total turnover of 38.04 billion yuan. There are signs that some securities companies have begun to cancel put warrants and create call warrants recently, which also gives put warrants a short respite.

Among them, China Southern Airlines JTP1 became the star of the warrant market yesterday with an increase of 20.47%, and its turnover reached 16.065 billion yuan, accounting for more than 40% of the total transactions of warrants. If you include CMB CMP1 These two varieties accounted for more than 70% of the total transactions in the warrant market yesterday. The other three put warrants also saw an increase of more than 4%, but the transaction amount was much less.

The trend of warrants and the market followed suit yesterday. When the market rises, it generally rises; When the market began to decline, the green range of the subscription market also expanded. By the end of the day, 11 warrants were all green. Among them, steel vanadium GFC1 Guodian JTB1 , Yunhua CWB1, Sinochem CWB1 and other four warrants dropped by more than 6%.

It is worth noting that with the sharp decline of put warrants in recent years, securities companies have begun to join in the cancellation of put warrants. Today, Guotai Junan Securities announced the cancellation of 200 million China Southern Airlines' put. The day before, Hongyuan Securities And Donghai Securities have cancelled 100 million and 15 million China Southern Airlines' subscriptions respectively, and Ping An Securities has also cancelled 1 million CMB's subscriptions.

At the same time, Guodian subscription has become a "new favorite" recently created by securities companies. Statistics show that since July 6, many securities companies have created Guodian warrants, such as Hongyuan Securities, Changjiang Securities, CCB Investment, Everbright Securities and GF Securities. The increase of securities dealers' collective creation, to some extent, indicates that institutions are weak Guodian Power The trend of positive shares.

Sina statement: The content of this article is purely the author's personal view, only for investors' reference, and does not constitute investment advice. Investors operate accordingly at their own risk.

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