《瑞银窝轮》恒指持续反弹 留意CALL轮19294
虽然香港本地局势暂未见解决平息迹象，但港股已连续2个星期反弹，恒指不但重上27000点水平，更再次逼近250天线约27370点的技术位置。恒指造好主要受惠於多个宏观因素，包括中美双方在下个月贸易谈判前都释出善意，令市场对谈判进展预期变得较乐观；欧洲央行进行减息，甚至宣布重启量化宽松(QE)，令市场预期本周四(19日)美国联储局减息的预期更肯定，甚至之後会继续降息的预期亦都升温。
美股及A股8月下跌之後迅速收复失地，反观恒指虽见反弹，但仍落後於前者。上周资金同时流进恒指牛证及熊证，反映牛熊证投资者对後市看法分歧，不过市况反覆的情况下，投资者若担心牛熊证的收回风险增加，可考虑趁现在引伸波幅已较高位回落不少的时机，以CALL/PUT轮去应市。如认为恒指仍有力突破250天线，可留意CALL轮19294，行使价28000点，19年12月到期，有效杠杆约14.倍。
相反，若认为250天线已经为後市带来阻力，可留意PUT 轮24229，行使价26200点，19年11月到期，有效杠杆15倍。
更多窝轮牛熊资讯：瑞银证网站: www.ubs.com/hkwarrants周国威董事
瑞银亚洲股票衍生产品销售部
本产品并无抵押品。 如发行人无力偿债或违约,投资者可能无法收回部份或全部应收款项。笔者为UBS AG的代表(作为证监会持牌人)，并未持有相关上市公司的任何财务权益。本资料由瑞银刊发，其并不构成买卖建议、邀请、要约或游说。结构性产品价格可急升或急跌，投资者可能会蒙受全盘损失。过往表现并不反映将来表现。牛熊证备强制赎回机制而可能被提早终止，届时 (i) N类牛熊证投资者将不获发任何金额;而(ii) R类牛熊证之剩余价值可能为零。投资前应了解有关风险，并谘询专业顾问及查阅有关上市文件。UBS Securities Hong Kong Limited为结构性产品之流通量提供者，亦可能是唯一报价者或市场参与者。c UBS 2019。版权所有。重要声明:
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