《瑞银窝轮》百威弹近30港元遇阻 留意PUT轮12590
半新股百威亚太(1876)自从季绩令市场失望之後，股价由31港元以上的水平急挫，迅即失守30港元的心理关口，曾低见27.45港元的，即逼近27港元的上市招股价之上，才止住跌势并反弹。百威的第3季度利增长下滑，本年度的公司预期由预计「强劲」成长下调为「温和」增长。百威上市初期走势凌厉，很快便突破30港元关口并创32.65港元的高位，直至10月25公布季绩後再告失守30港元，可见正股30港元以上的累积「蟹货」并不少。所以上周五(15日)即使股价即市反弹逾4%，亦暂未能企上30元。若投资者希望候高造淡，可考虑PUT轮12590，可留意百威亚太认沽12590，行使价26.68港元，20年5月到期，有效杠杆约4.2倍。
讲到「蟹货」，CALL轮情况更严重，因为期间引伸波幅下跌及时间值损耗，所以若搏反弹，亦应选择低街货的CALL轮，以免被供求影响价格表现。如投资者看好百威，可留意百威亚太认购11276，行使价30.28港元，20年3月到期，有效杠杆约6.3倍，截至上周五11276街货约为5%。
更多窝轮牛熊资讯：瑞银证网站: www.ubs.com/hkwarrants周国威董事
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