《高盛認股證牛熊證》阿里巴巴逆市跌資金買價外Call但市場其實有貼價兼更高槓桿選擇 Call 23066、23811
正股表現:恆指今早反彈,中概股繼續受中美兩地加強監管合作的影響,沽空風險或加大,阿里(9988)逆市下跌,現下跌1.1%,報187.6元。
資金流向:以過去5個交易日計,阿里認購證有約2,200萬元流入,是同期最多資金流入的相關資產,值得留意的是部份資金為追求高槓桿,選擇行使價224元的價外證,而市場上其實有更貼價、槓桿更高的選擇。
產品選擇:觀察到近日有投資者留意行使價224元的價外證,其實際槓桿約7至8倍,但事實上市場上更貼價、槓桿更高的選擇。投資者可留意貼價阿里購23066,提供超過11倍的實際槓桿,是中短期輕微價證中槓桿最高;貼價選擇則可留意阿里購23935,使價190.98元,是貼價、低街貨之選;高槓桿證則可留意稍稍價外的阿里購23811,是高槓桿之選。
阿里購23066,行使價195.98元,2020年6月23日到期,實際槓桿11.4倍,行使價188至200元之間、1個月期以上產品中槓桿最高
阿里購23935,行使價190.98元,2020年6月23日到期,實際槓桿9.8倍,貼價、高槓桿
阿里購23811,行使價200.4元,2020年6月23日到期,實際槓桿12.1倍,高槓桿
牛證方面則可留意阿里牛52418,是相近收回價牛證中槓桿最高。
阿里牛52418,收回價174.18元,行使價172.18元,換股比率100,槓桿比率11倍,相近收回價牛證中槓桿最高
註: 以上數據資料來自高盛認股證牛熊證網站~
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