Waiting for the put certificate to be quickly sold to OCT HQC1
BY Zhang Biao Daily Economic News Last week, the Shanghai Composite Index fell by 8%. The warrant market experienced a rare situation that only a few varieties turned red in several trading days. Both the call and put certificates were depressed. Only the trading of OCT HQC1 resumed last Wednesday and the trading of Steel Vanadium GFC1 resumed last Monday showed some performance due to the supplementary increase. OCT HQC1 rose 22.25% and Steel Vanadium GFC1 rose 6.72%. In terms of trading volume, the turnover of the subscription certificate increased by 9.00% compared with last week, while the put certificate decreased by 35.77% compared with last week, due to the supplementary increase of the resumption of trading of Steel Vanadium GFC1 and OCT HQC1. This reflects that the stock capital of the put certificate has only seen outflows, but not inflows, while the subscription certificate has shown a sharp decline in excess, and the main force is to lose weight at every high and put it into pocket. Investors should be reminded that three warrants will expire this week, and Friday is the last trading day CIMC ZYP1 , OCT HQC1 and Ma Steel CWB1, which began to exercise their rights for the first time on Thursday. On Friday, CIMC ZYP1 closed an astonishing eleventh line, down 25.61%. Its intrinsic value was 0 and the Shenzhen Stock Exchange's price limit order had blocked its sudden rise. It decided that it would still accelerate to zero this week, which would drive other put warrants to usher in a new round of decline. Therefore, investors should not seek bargains to seize the intraday rebound of all put warrants; At present, OCT HQC1 has a 3.97% discount. Although its regular shares have the theme of overall listing, even if the performance growth caused by this positive result is calculated, the dynamic P/E ratio is more than 100 times. The stock price is obviously overvalued, and there is no investment value in the medium and long term. If investors hold OCT HQC1 until the exercise, they are expected to have no income. Therefore, Investors holding OCT HQC1 should sell in time and not participate in the exercise. The first exercise period of MaSteel CWB1 was from November 15 to November 28, 2007. The current premium rate is close to zero, and the leverage effect is not obvious. Considering the serious oversold of its positive shares and the possibility of short-term rebound, the holders can continue to hold them. Zhang Biao's Daily Economic News
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