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    How To Grasp Profit Opportunities Under Bad Profits

    2011/6/7 14:28:00 69

    How To Grasp Bad Profit Opportunities

    In March 15th, CCTV news broadcast a report on "lean meat essence", involving a listed company.

    Affected by the impact, the company's stock started diving in the morning and was suspended in the afternoon.

    That night, the company declared a suspension and has not yet resumed its licence.


    At present, a ETF from the market

    Discount rate

    In view of this, it implied that after the resumption of the stock market, there was about 35% downside.

    If investors believe that the stock will not exceed 35% after the resumption, they can make positive arbitrage through "buying ETF - redemption of a basket of stocks - selling other constituent stocks except for suspension". Conversely, investors can reverse arbitrage by buying a basket of stocks - cash instead of purchasing ETF - selling ETF.

    However, this method requires a large amount of money and complex operation, and it is estimated that the profit of this strategy is around 10%.


    In addition, if the investor holding the stock wants to sell the stock during the suspension period, he can reduce the stock to stop the loss by buying a basket of other constituent stocks - the stock purchase ETF - sell ETF.

    However, at present, the corresponding ETF discount rate is generally high, and investors will lose more than 30% of the shares before they stop selling the shares by selling ETF shares.


    On that day

    Bad profit

    When it came out, a large number of clients had been short selling securities and short profits.

    From the morning CCTV news to the afternoon limit of the stock, the stock yield in just a few hours is over 8%.

    Because margin trading is a T+0 paction, conservative investors can make profits on that day.

    As the impact of the incident is relatively large, the market is generally expected that the stock market will continue to fall after the reopening in the future, and investors will still have about 30% of the profit margin.


    Through the above comparison, we can see that direct

    Margin trading

    Shorting is simpler and more flexible than ETF operation, and the profit margin is greater.

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