《高盛認股證牛熊證》 美團、京東Call輪選擇 - 由風險/條款開始 可留意高槓桿美團購28993,低街貨京東購13877
正股表現:在科網股今早繼續受壓之下,昨日大跌約10.5%的美團(3690),今早低開約6%後曾一度反彈升至301元。惟隨即再度下跌,並且跌幅擴大,最低見276元。現報277.8元,跌約7.4%。此外,昨日跌約8.8%的京東(9618),今早亦繼續下跌,最低見302.4元,為一個月低位。現報303.4元,跌約8.2%。
資金流向:觀察個股輪證資金流向,可見昨日美團及京東情況與其他科網股相若,在股價回落時獲資金趁低吸納其認購證。當中分別錄得約1億及6,550萬元資金流入美團及京東認購證。
產品選擇:與其他科網股相若,投資者如計劃趁低吸納美團或京東認購證,應先由產品風險及其條款作篩選條件,例如可考慮選擇貼價及低街貨產品,從而減低引伸波幅及產品供求的風險。
投資者如看好美團,可留意屬行使價280至320元間,槓桿最突出的美團購28993。並可留意價外幅度約9%,年期約3個月的貼價美團購27289。及年期約4個月的價外美團購26805。
美團購28993,行使價316.08元,2021年02月19日到期,實際槓桿5.6倍,行使價280至320元間產品中,槓桿最高
美團購27289,行使價302.08元,2021年02月19日到期,實際槓桿5.4倍,貼價、類近條款產品中,槓桿最高
美團購26805,行使價329.08元,2021年02月23日到期,實際槓桿5.7倍,價外、低街貨
投資者如看好京東,可考慮以行使價305至355元作為篩選認購證的條件。並可留意當中2個月期以上產品中,槓桿最突出的貼價京東購24776。並可留意年期約3個月的低街貨京東購13877。
京東購24776,行使價340.38元,2021年01月12日到期,實際槓桿8.7倍,貼價、行使價305至355元間、2個月期以上產品中,槓桿最高
京東購13877,行使價351.08元,2021年02月19日到期,實際槓桿6.5倍,低街貨
註: 以上數據資料來自高盛認股證牛熊證網站https://www.gswarrants.com.hk/~
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