fatpat

Good morning

fatpat

Still think #13 Collar is a almost riskless strategy

Try Long stock 1 lot @$106.4

Then Sep LP110 (~$9) + May SC110 (~$1)

fatpat

引用:

原帖由 fatpat 於 2014-4-28 11:02 發表
Still think #13 Collar is a almost riskless strategy

Try Long stock 1 lot @$106.4

Then Sep LP110 (~$9) + May SC110 (~$1)

For learning purpose

Long #13    @106.9
JUN  LP110 @6.74

Ask MAY SC112.5 @0.68

1 Lot = 1000
Stock #13      @$106.9 = -$106900
Jun LP110.0  @$6.74   = -$    6740
May SC112.5 @$0.68   =  $      680
Sp. Dividend  @$7        =  $      700
Dividend        @$1.7     =  $      170

[ 本帖最後由 fatpat 於 2014-4-28 11:42 編輯 ]

fatpat

引用:

原帖由 fatpat 於 2014-4-28 11:40 發表


For learning purpose

Long #13    @106.9
JUN  LP110 @6.74

Ask MAY SC112.5 @0.68

1 Lot = 1000
Stock #13      @$106.9 = -$106900
Jun LP110.0  @$6.74   = -$    6740
May SC112.5 @$0.68   =  $      680 ...

Sp. Dividend  @$7        =  $      7000
Dividend        @$1.7     =  $      1700

fatpat

At last
1 Lot = 1000
Stock #13      @$106.9 = -$106900
Jun LP110.0  @$6.74   = -$    6740
Jun SC112.5 @$1.35   =  $     1350
Sp. Dividend  @$7        =  $     7000
Dividend        @$1.7     =  $     1700

Worst case next week #13 goes up 5%+ to $112.5+ and SC being exercise
Debit  = -$106.9 - $6.74 = $113.64
Credit =  $1.35
Exercised @$112.5
Subtotal $112.5 + $1.35 - $106.9 - $6.74 = $0.21
Credit $0.21 ($210) + Jun LP110
ROI $210/$125000 ~ 0%

Expected case next month end #13 goes up <5% exercise LP
Debit  = -$106.9 - $6.74 = $113.64
Credit =  $1.35 + $7 +$1.7
Subtotal $110 + $1.35 +$7 +$1.7 - $106.9 - $6.74 = $6.41
Credit $6.41 ($6410)
ROI $6410/$125000 ~ 5%

Best case next month end #13 goes up 5%+ to $110 + and SC NOT being exercise
Debit  = -$106.9 - $6.74 = $113.64
Credit =  $1.35 + $7 +$1.7
Subtotal $110 + $1.35 +$7 +$1.7 - $106.9 - $6.74 = $8.91
Credit $8.91 ($8910)
ROI $8910/$125000 ~ 7%

Any C Hing can check the validity

I'm new in stock option and wonder my math

fatpat

Good afternoon

fatpat

引用:

原帖由 fatpat 於 2014-4-28 13:19 發表
At last
1 Lot = 1000
Stock #13      @$106.9 = -$106900
Jun LP110.0  @$6.74   = -$    6740
Jun SC112.5 @$1.35   =  $     1350
Sp. Dividend  @$7        =  $     7000
Dividend        @$1.7     =  $     1 ...

Thanks C Hing for providing the following doc.

http://www.hkex.com.hk/chi/newsconsul/hkexnews/2014/1404174news_c.htm

Please note that there is difference rules to handle the special dividend

fatpat

引用:

原帖由 sinding 於 2014-4-30 10:55 發表
期指低水好多，有经验的赢兄赢姐请確認下喺唔喺派息期的因素所至？谢谢

The dividend factor is something like

	除息日	股票號碼	股息	指數點數
01)	05-May-14	1	7	30.03
02)	05-May-14	13	7	46.07
03)	05-May-14	151	0.176	3.95
04)	12-May-14	66	0.67	2.99
05)	13-May-14	1299	0.286	10.64
06)	16-May-14	267	0.25	1.26
07)	16-May-14	700	0.24	0.83
08)	19-May-14	1199	0.15	0.81
09)	19-May-14	494	0.34	6.14
10)	20-May-14	11	1.1	2.6
11)	20-May-14	6	1.9	8.14
12)	21-May-14	1	2.9	12.44
13)	21-May-14	13	1.7	11.19
14)	21-May-14	5	0.775	32.33
15)	22-May-14	322	0.283	1.71
16)	22-May-14	386	0.186	14.64
17)	23-May-14	27	0.7	5.03
18)	26-May-14	1044	1	2.47
19)	26-May-14	4	1.2	5.61
20)	27-May-14	941	1.615	30.24
21)	28-May-14	144	0.55	1.93
22)	28-May-14	857	0.195	12.72
				243.77