Baosteel Warrant ( information quotation forum ) Withdrawing from the historical stage at 0.031 yuan, it is worth noting that all other steel warrants rose and closed positive for several consecutive days
□ Zhang Yaliang
On Wednesday, after the market continued to surge, there was a slight adjustment in the tail market. This should be very normal for the market which opened low and went high for two days on Monday due to the sudden probe of the bad news of interest rate increase.
There is no doubt that the focus of the market once again focused on warrants. August 23 is the last trading day of Baosteel warrants. In the morning trading, along with its regular shares of G Baosteel ( information quotation forum ) At one time, it rose to 4.21 yuan, and Baosteel Warrant rose to 0.244 yuan, up 12%. However, after nearly two hours of sideways trading, he began to show his killing face at the closing of the morning, and with the opening of the afternoon, there was a dive. Especially at the last quarter of the market, the price plummeted by 45%, and finally withdrew from the stage of history at a price close to zero of 0.031 yuan. The turnover rate also reached a stunning 1165%. Meanwhile, another Doomsday Wheel Vanke ( information quotation forum ) However, after falling to the lowest of 0.027 yuan in the afternoon, the warrant rose 55.56% crazily in the last 40 minutes, and finally rose 20% from the day before yesterday.
The sharp differentiation of the two doomsday rounds not only shows that if the warrants are worthless, when their final doomsday comes, they will still expose their "naked swimming bodies" to highlight the risks; It also shows the importance of time value for warrants. Although everyone knows that Vanke warrants will be a piece of waste paper by 15:00 next Monday, as long as it has three trading days left, the current 0.042 yuan (higher than the 0.031 yuan of the final suspension of Baosteel warrants). G Baosteel closed at 4.17 yuan on Wednesday, and if its share price exceeded 4.23 yuan on August 30, its warrants will still be worth 0.031 yuan; For strategic investors who want to acquire Baosteel, perhaps the value of Baosteel warrants is even greater. In fact, Baosteel's warrants did not go through the crazy speculation of the doomsday round on August 14 and 16, with the increase of more than 50% in two days. Therefore, judging from the crazy performance of the two doomsday rounds before exiting the stage of history, the entire warrant plate will repeat this scene of profiteering game repeatedly in the plate.
I wonder if you have noticed a phenomenon? That is, in the last week, although Baoquan and Wanquan continued to break down, none of the warrants, whether subscribed or put, were dragged down to a new low. On the contrary, the trend of steel warrants represented by Baotou Steel's warrants was more positive than ever. By this Wednesday, Bao Quan had risen 11.24%, Wu Quan 7.18% and Han Quan 5.62%. Among them, Handan Iron and Steel Warrants reached a low point of 1.10 yuan on August 4, with the largest increase up to 34% so far.
The trend of the Steel Warrants against the Baosteel Warrants not only indicates that the whole warrant sector, especially these steel warrants, has fallen from the previous high (the largest decline of the Handan Steel Warrants is 70%, the largest decline of the WISCO Warrants is 64.64%, and the largest decline of the Baotou Steel Warrants is 60%). In addition to the strong rebound naturally brewing from the technology itself; It also shows that for the entire steel sector, there is always a substantial theme of overall listing or acquisition by the strong (whether it is Baosteel Group vs. G Handan Steel ( information quotation forum ) Buying its regular shares and warrants on a large scale from the secondary market, Handan Iron and Steel Group increased its own shares, or Mittal intended to invest in G Baotou Steel ( information quotation forum ) ）Therefore, as a financial derivative, the steel warrant has always attracted the attention of many speculative funds.
For the operation of warrants, what we always advocate is to "watch it with cold eyes and grasp the big band". We have repeatedly stressed that we must pay more attention to the capacity, turnover, whether the technical indicators of warrants are adjusted in place, whether the buying signal is sent, etc., to start to study whether there is a relatively strong upward trend in the warrant sector in the short term. This is also the essence of warrant operation.
From the current technical trend of the three steel warrants of Handan Iron and Steel Group, Baotou Iron and Steel Group and Wuhan Iron and Steel Group, it is indeed very beautiful, which is a typical state of readiness and conforms to the warrant's large band operation theory. In particular, Baosteel's warrants, which have been depressing their trend recently, were finally suspended on Thursday, giving them an opportunity to rise sharply. In addition, due to the relatively optimistic short-term market trend (currently, the Shenzhen Composite Index and Shanghai Stock Exchange 50 ( information quotation forum ) All sent a clear leading prompt signal that the market continues to shake and backdraft the 60 day moving average), we expect that once the three steel warrants that have been unloaded can be significantly scaled up on Thursday, it is very likely that there will be a similar case to the Guangzhou Airport warrants in mid July ( information quotation forum ) For the put warrants represented by the wave of runaway wild horse like galloping market.
