This week has been horizontal for four days, hoping for 18000 with the news?
After a major fluctuation in the Hong Kong stock market, horizontal movement is often seen again, usually requiring four to five days to determine the direction. As the year-end approaches, there will be more sideways movement, similar to the situation last year when there was continuous narrow trading for five days at this time of the year. Although there is the year-end financial closing, the intensity has decreased significantly, and the trading volume has already been reflected. The so-called bullish headlines this morning were hyped up, but the market reaction was flat, no different from the previous days, and the market has not broken through the high point of 17800 this week. With institutions not taking the lead, retail investors are not leading the way, and market confidence is indeed not very good. Should the Hang Seng Index reach 18000 today? If 17800 cannot be surpassed, the Hong Kong stock market may decline; being overly optimistic is imprudent, while being cautiously optimistic is enterprising. The current four-day period this week has only seen a 500-point range, which is rare in recent months and less than the normal daily volatility. Progressing upwards is challenging, with 17200 providing some support at the bottom. The initial double constraints of this week have shrunk by more than half. Fortunately, after hedging with options, the cost is less than one hundred points and only a quarter of the position, so even if the option value is lost in this cycle, it does not exceed the breakeven point. Costs are limited, but can become quite frightening after being quantified, as discussed in the Futubull live broadcast yesterday. Trading is still difficult to achieve a perfect ten out of ten, and the extent of winning is limited. A profit-loss ratio greater than 2 is considered unfavorable—it becomes more passive with higher costs, which is why monthly options are advantageous compared to weekly options. Buying weekly options at the end of the week is reasonable based on today's price, but the volatility is uncertain. Will the narrow range trend continue this week? Small bets for enjoyment, looking forward to Black Friday morning with a smirk, the afternoon of 11/25 may not be good for weekly options. $hsi futures current (HSIcurrent.HK)$$tencent (00700.HK)$$hang seng index (800000.HK)$
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