《高盛認股證牛熊證》A股衍生產品批准在港推出 港交所破頂 留意貼價兼高槓桿購13505、價外購13878
大市走勢:中證監副主席方星海指在香港推出A股相關金融衍生品時機已成熟,港交所(0388)發言人表示在港推出A股相關衍生產品,能與港交所的產品組合互補,滿足國際投資者管理投資組合風險的需求,集團將適時公布最新發展。有券商發表報告認為這進一步支持香港作為中國及全球流動性的主要市場,維持港交所增持評級。
港交所今早再創新高,暫高見319.8元,現報319.4元,上升2.5%。
資金流向:近日見資金同時流入港交所認購證及認沽證,而且金額相若,以過去5個交易日計,分別有約550萬及580萬流入。
產品選擇:投資者如看好港交所,可留意貼價港交牛51016。認購證方面,行使價358元附近、今年底到期是現時市場上其中一款活躍的條款,可留意當中槓桿最高的港交購13878,屬於中長期價外選擇;高槓桿證則可留意中短期貼價港交購13505。
港交牛51016,收回價290.18元,行使價288.18元,換股比率100,槓桿比率10.4倍,貼價、高槓桿
港交購13878,行使價358元,2020年12月14日到期,實際槓桿7.8倍,熱門條款、相近條款產品中槓桿最高
港交購13505,行使價330.2元,2020年9月25日到期,實際槓桿9.3倍,貼價、高槓桿
相反,投資者如看淡港交所,則可留意價外高槓桿港交沽12449,是中期價外證中槓桿最高的產品之一。
港交沽12449,行使價260元,2020年12月30日到期,實際槓桿7.8倍,行使價250至320元之間、3個月期以上產品中槓桿最高之一
註: 以上數據資料來自高盛認股證牛熊證網站~
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