Zhang Biao
Yesterday, driven by the sharp rise of the stock index, the warrant market experienced a rare market situation in which all subscription certificates rose and all put certificates fell.
Among the 10 rising warrants, the author has repeatedly suggested that the short-term bullish steel warrants still perform well. For example, Handan Iron and Steel Subscription Certificate and Baotou Iron and Steel Subscription Certificate were the top two with 8.32% and 7.92% respectively. Capital subscription certificate in equity Capital stock ( information quotation forum ) It rose 4.65% driven by the rising all the way, and still has upward potential.
Ansteel's subscription certificate, which had just released a special risk warning - "the exercise date is only December 5, 2006", also rose 2.79% to close at 3.094 yuan, Ansteel JTC1 ( information quotation forum ) The last trading day of is November 28, and the transaction will be terminated from November 29. The exercise price of Angang JTC1 is 3.386 yuan, the intrinsic value is 2.864 yuan, and the premium rate is 5%, which is not high, so it is still possible to exercise.
Among the 15 put certificates that fell, the put certificate of Wuhan Iron and Steel Group, which was due to exercise one month later, fell by 11. 51%, the Shanghai Stock Exchange put warrant, which rose the second day before yesterday, fell 7.18%, ranking first and second respectively.
Looking ahead to the future, the market will inevitably face severe shocks at around 1800 points, bringing short-term intervention opportunities to the subscription and put warrants with clear ups and downs yesterday. In view of the fact that the steel sector is the best price performance among the blue chips in the current market, and QFII and other institutions have increased their positions in a large number, the potential for the rise of the midline is still considerable, so it is suggested that investors should give priority to steel warrants.
