《高盛認股證牛熊證》 阿里跌逾2% 趁低可留意高槓桿購24191,牛64244
正股表現:阿里(9988)昨日重上270元水平,收市升約2.1%。今早則低開約0.8%後跌幅擴大,現報267.8元,跌約1.9%。阿里昨日宣布,專門為中小企業服務提供數字化智能化製造平台,大量應用雲計算、IoT、人工智能技術等的新業務「犀牛智造工廠」上線。
資金流向:觀察個股輪證資金流向,可見近期資金追捧好倉,當中認購證於本週一至本週三皆錄得資金流入,合共約4,000萬元。牛證則於過去4個交易日皆錄得資金流入,合共約3,630萬元。分別均為同期第二多資金流入的認股證或牛熊證相關資產。而認沽證於昨日獲少量資金轉向流入。
產品選擇:由於市場上對阿里認購證的需求大,不少產品亦已累積高街貨。因此投資者在部署時,宜避免盲目追求高槓桿,宜應考慮其他因素。建議利用選輪三部曲(貼價、中年期、低街貨)以選擇最合適條款的產品並控制風險。
投資者如看好,認購證方面可考慮以行使價270至310元作為篩選產品的條件。並可留意當中撇除30%以上街貨量產品後,槓桿最突出的阿里購24191。貼價的選擇可留意價外幅度約8%,年期約4個月的阿里購23981。投資者如計劃部署牛證,現階段可留意阿里牛64244,與現價有約12.6元差距。
阿里購24191,行使價308.2元,2021年01月11日到期,實際槓桿8.1倍,行使價270至310元間、30%以下街貨量產品中,槓桿最高
阿里購23981,行使價289.08元,2021年01月26日到期,實際槓桿6.9倍,貼價
阿里牛64244,收回價255.18元,行使價253.18元,換股比率100,槓桿比率17.5倍,相近收回價牛證中街貨較低
投資者如看淡,可考慮以行使價229至269元作為篩選認沽證的條件。並可留意當中槓桿最突出的阿里沽17621。
阿里沽17621,行使價230元,2021年01月20日到期,實際槓桿6.6倍,行使價229至269元間產品中,槓桿最高
註: 以上數據資料來自高盛認股證牛熊證網站~
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