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《高盛認股證牛熊證》阿里逆市偏軟 貼價條款亦有高槓桿選擇 部署反彈留意高槓桿購18415、貼價高敏感度購15841
阿思達克 07-29 10:39
正股表現:納指昨晚下跌逾1%,阿里(9988)今早跟隨美股下跌,現逆市下跌0.5%,報243.4元,股價相對恆指落後。有券商發表報告指,恆指將於下月14日公布季度評估結果,阿里、美團(3690)及小米(1810)有望納入。

資金流向:雖然過去2日都見資金由阿里認購證流走,但以過去5個交易日計,阿里認購證仍是同期最多資金流入的相關資產,合共有約8,600萬元流入。

產品選擇:現時市場上成交活躍的阿里認購證行使價都偏高,部份更高至295元以上,屬極價外證,提供的實際槓桿約6至7倍。其實市場上有更貼價而且更高槓桿的選擇,投資者宜留意較貼價的產品,看好阿里可留意阿里購18415,行使價265.08元,約9%價外,屬輕微價外證,提供近9倍實際槓桿;較貼價證可留意阿里購15841,敏感度亦較高。

阿里購18415,行使價265.08元,2020年10月27日到期,實際槓桿8.9倍,輕微價外、高槓桿

阿里購15841,行使價260.8元,2021年4月23日到期,實際槓桿5.1倍,貼價、高敏感度

阿里牛熊證選擇方面,看好可留意高槓桿阿里牛59565;看淡可留意低面值阿里熊55931。

阿里牛59565,收回價234.18元,行使價232.18元,換股比率100,槓桿比率20倍,高槓桿

阿里熊55931,收回價260元,行使價262元,換股比率500,槓桿比率12.8倍,低面值

高盛其他產品條款:

阿里購19484,行使價262.2元,2021年1月11日到期,實際槓桿6倍

阿里購16935,行使價289元,2020年12月21日到期,實際槓桿7.7倍

註: 以上數據資料來自高盛認股證牛熊證網站~

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