Showing posts with label Put Warrant. Show all posts
Showing posts with label Put Warrant. Show all posts

Sunday, 13 September 2015

KL: the rise of put warrants in KLSE

Index call and put warrants (FBMKLCI-CX and FBMKLCI-HX) have been a hot topic for discussion lately. Opening the trading platform, you see that FBMKLCI-H and FBMKLCI-C warrants are trading in the top volume, literally everyday.

This is something that has never happened before in KLSE. Usually you only see penny stocks appearing in the top volume section. Now the game has clearly changed. It has already gone insane until the stage that when KLCI rises, you will even see put warrant to go up and call warrant to go down; and vice versa.

As far as I could remember, call warrants started to gain public acceptance around 2006. Back then, put warrant does not exist in KLSE. According to this website, it wasn't until 2010-2011 that the first index put warrant FBMKLCI-HA was issued (apparently by OSK?). But this put warrant was born in unlucky time of bull period and ended up worthless.

Then, FBMKLCI-HB was issued by CIMB in July 2014. It became the spotlight in KLSE during the big drop in Oct 2014. And because of that, put warrants are mushroomed by investment banks. To date, the latest put warrant is FBMKLCI-H9: more than 30 index put warrants were issued in less than 1 year. This is unprecedented and extraordinary

After all this time, I would say that the late 2014 to 2015 is where put warrants have gained the public awareness.  This is good, investors know that now they can trade the index or stocks in both ways. However, I do doubt if now is a good time to trade put warrants: everyday in the top volume has already made me lost interest, what more to say when these warrants are extremely overvalued now?

Sunday, 25 August 2013

KLCI 技术图

一个图:


综指跳空低开,绝非好事。情况还真罕见。5月6高开,缺口从来没有回补。结果缺口真的不用补,因为蜡烛直接开在下面了,什么?

KLCI Gap



看来KLCI不了多久了。当然崩盘也不是立刻的。有预兆的崩盘还叫崩盘吗?要来的时候就突然跟你来,连逃的地方都没有。还是谨慎为上。

顺便一提,马股有个HA,HB,HC...的东西,put warrant,call warrant相反,股市的。之前凭单都是AMBANK,对付,容易赚钱。有空研究最近有没有其他银行put warrant