Put warrants to potentially gain from declines in shares and indices
The following warrants have exercise prices close to their respective last traded underlying share prices and futures index levels:
CapitalanMBLePW90601 (G3KW), exercise $3.00, 3 warrants per share.*
HSI12000MBLePW081230 (G2PW) with an exercise price of 12,000 index points, 600 warrants per futures contract.*
HSI11800MBLePW00129 (G3TW), exercise 11,800 index points, 500 warrants per futures contract.*
3 warrants per share imply that every 3 warrants entitle you to 1 underlying share. Similarly, 500 warrants per futures contract imply that every 500 warrants entitle you to 1 underlying futures contract.
S&P 500 plunged 6.7% while the Dow dived 5.6%
Overnight, U.S equity markets suffered another wave of selling and the S&P 500 index plunged to its lowest level since 1997.
The Dow closed 7,552.3 and the S&P 500 ended the session at 752.4, with strong selloffs seen in car makers, banks and commodity producers (Reuters).
NYMEX Crude Oil Futures closed below the US$50 mark and ended at US$49.62 yesterday evening.
U.S congress puts off Automaker rescue
Democratic U.S congressional leaders put off action on automaker loans until next month, saying company chief executives have not yet made a case for the help.
The delay is a setback for automakers, which entered the week with Democratic leaders saying Congress and the White House must quickly aid them.
After hearings in which auto chiefs were criticized for their salaries and use of corporate jets, those Democrats now say the companies have not made their case (Bloomberg).
Hang Seng Index Warrants for an exposure to the market
Hang Seng Index (HSI) warrants give you broad exposure to one of the biggest market in the region, and remove the need for you to stock pick. You have the potential to profit from both rises and falls in the market, as there is a wide range of HSI calls and puts for you to choose from.
Put warrants can also insure your portfolio of stocks. Put warrant prices tend to rise as the underlying asset price falls. Thus if you expect your shares and the general market to decline, you can partially offset the losses in your shares by purchasing put warrants over those specific stocks, or over the Hang Seng Index.
Macquarie Capitaland & HSI Warrants
Capitaland
Trading Call Warrants (Short term bullish view)
CapitalanMBLeCW90505 (G0XW), exercise $2.40, 3 warrants per share.*
CapitalanMBLeCW90402 (GU1W), exercise $2.90, 2 warrants per share.*
CapitalanMBLeCW090302 (GQ0W), exercise $3.90, 3 warrants per share.*
CapitalanMBLeCW90302(GI7W), exercise $4.30, 3 warrants per share.*
CapitalanMBLeCW90204 (GG4W), exercise $4.88, 3 warrants per share.*
Trading Put Warrants (Short term bearish view)
CapitalanMBLePW90601 (G3KW), exercise $3.00, 3 warrants per share.*
Investment Call Warrants (Long term bullish view)
CapitalanMBLiCW90703 (F4FW), exercise $4.50, 8 warrants per share.*
CapitalanMBLiCW81230 (ET1W), exercise $4.45, 0.99 warrant per share.*
December Trading Call Warrants (Short term bullish view)
HSI12000MBLeCW081230 (G1RW) with an exercise price of 12,000 index points, 500 warrants per futures contract.*
HSI13400MBLeCW081230 (G2OW) with an exercise price of 13,400 index points, 600 warrants per futures contract.*
HSI14800MBLeCW081230 (G0ZW) with an exercise price of 14,800 index points, 500 warrants per futures contract.*
HSI15800MBLeCW081230 (GX6W) with an exercise price of 15,800 index points, 500 warrants per futures contract.*
HSI17200MBLeCW081230 (GX5W) with an exercise price of 17,200 index points, 500 warrants per futures contract.*
December Trading Put Warrants (Short term bearish view)
HSI15800MBLePW081230 (GX7W) with an exercise price of 15,800 index points, 500 warrants per futures contract.*
HSI14400MBLePW081230 (GX8W) with an exercise price of 14,400 index points, 500 warrants per futures contract.*
HSI13200MBLePW081230 (G1AW) with an exercise price of 13,200 index points, 500 warrants per futures contract.*
HSI12000MBLePW081230 (G2PW) with an exercise price of 12,000 index points, 600 warrants per futures contract.*
HSI10600MBLePW081230 (G1QW) with an exercise price of 10,600 index points, 500 warrants per futures contract.*
January Trading Call Warrants (Short term bullish view)
HSI13600MBLeCW00129 (G3QW), exercise 13,600 index points, 500 warrants per futures contract.*
HSI15000MBLeCW00129 (G3RW), exercise 15,000 index points, 500 warrants per futures contract.*
January Trading Put Warrants (Short term bearish view)
HSI13200MBLePW00129 (G3SW), exercise 13,200 index points, 500 warrants per futures contract.*
HSI11800MBLePW00129 (G3TW), exercise 11,800 index points, 500 warrants per futures contract.*