《瑞銀窩輪》百威逆市創新高 看好留意高槓桿百威購11279
市場憂慮中美貿易紛爭再度升溫，大市週三再度向下，跌幅在開市後亦曾收窄，當日表現比較好的有李寧(2331)，曾升超過6%，見2010年以來的高位，主要受惠近月內需股受追捧以及近日NBA風波。當日不少資金流入相關認購證，如投資者看好李寧，可留意李寧認購11036，行使價28.05港元，20年2月到期，有效槓桿約4.6倍。
另一隻表現較突出的是新股百威亞太(1876)，連日創上市新高，週三挑戰33港元，不少投資者留意價外認購證。股價連日強勢，由上市至今已升超過14%，不少資金開始換碼到較價外的百威認購證。之前提及過，在股價上市一段時間後，引伸波幅或有回落空間，所以投資者在揀選百威認購證時，可留意引伸波幅水平較低的選擇，以減低該證波幅大幅度下行的風險。所以買新股的認購證引伸波幅水平為重要一環，適宜留意引伸波幅低的選擇。市面上高槓桿的百威認購選擇不多，如投資者看好百威，可留意百威亞太認購11279，行使價38.38港元，20年3月到期，有效槓桿約5.3倍。以週三下午數據，此證是百威行使價38港元之上的認購證中，有效槓桿最高的一隻，而且為5兌1的選擇，敏感度較高亦適合即市部署的人士。
更多窩輪牛熊資訊：瑞銀證網站: www.ubs.com/hkwarrants卓素華董事
瑞銀亞洲股票衍生產品銷售部
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