$TENCENT (00700.HK)$
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.

$Alibaba (BABA.US)$
On November 17th, while people's attention to the just-concluded Singles' Day sales remained high, Alibaba released its financial results for the second quarter of the 2023 fiscal year and held a conference call.
The conference call was attended by Chairman and CEO Zhang Yong, Executive Vice Chairman Cai Chongxin, and Chief Financial Officer Xu Hong.
Financial data shows that Alibaba Group's revenue for the second quarter of the 2023 fiscal year reached 207.176 billion yuan, a 3% increase compared to the same period last year; operating profit was 25.137 billion yuan, a 68% increase compared to the same period last year; adjusted EBITA (earnings before interest, tax, depreciation, and amortization) was 36.164 billion yuan, a 29% increase compared to the same period last year.
Before the release, the market was mostly optimistic about its profitability recovering after four consecutive quarters of decline. The financial data released also lived up to expectations and exceeded market expectations.
Alibaba employees are also confident in themselves and the future, as Zhang Yong said in his speech: "No matter the ups and downs, we are always confident in ourselves and even more confident in the future."
Focus on Singles' Day sales.
During the conference call, this special 'Singles' Day' was mentioned multiple times. Since the event was first held in 2009, major platforms have also for the first time not publicly disclosed the final transaction data.
Despite Alibaba's statement that the scale of Tmall's Singles' Day sales remained the same as last year (GMV of 540.3 billion yuan in 2021, an 8% increase compared to the same period in 2020...

$Tesla (TSLA.US)$
Because the price reduction has little effect on Tesla... Last month, Tesla reduced prices once, with the price range between 0.014 million yuan and 0.037 million yuan, mainly for Model Y and Model 3. There were only about 0.05 million orders affected by the price reduction, the effect is really average... (Corrected by mooer, this may be a rumor, there is no clear data)
Let's look at Tesla's flag set early in the year, saying they want to sell around 1.5 million vehicles this year, but Tesla's cumulative production in the first three quarters of this year is 0.93 million vehicles. There are still approximately 0.6 million vehicles that need to be sold in the fourth quarter...
Please, Mr. Ma, stop focusing on Twitter all the time, take a look at Tesla, this is your money bag! Look, even BYD next door has raised prices, not worried about the subsidy cancellation next year... But BYD's stock price hasn't improved much (BYD brothers don't mind, just hoping for progress) $byd company limited (002594.SZ)$

$Tesla (TSLA.US)$
On November 23, BYD Autos announced on Weibo that it will adjust the official guidance prices of related new energy models such as the Dynasty, Ocean, and Tang by varying amounts ranging from 2000 to 6000 yuan. Specific price adjustment notices for each model will be issued separately. Customers who pay a deposit and sign a contract before January 1, 2023 will not be affected by this price adjustment.
After the news was released, the market continued to discuss it, even trending on hot searches for a time.
It is worth noting that since late October, under the leadership of Tesla, Chongqing Sokon Industry Group Stock, Zeekr, XPeng, Ford Mustang Mach-E, and others have participated in promotions to boost sales through terminal discounts or official price reductions.
Nowadays, BYD is going against the trend, raising the prices of new energy vehicles instead of lowering them. What is the actual intention behind this?
01. What is the reason for BYD's price increase?
According to the announcement, BYD has announced two reasons for raising the prices of some new energy vehicles.
Firstly, it is due to the impact of the upcoming reduction in government subsidies. According to the series of policies and plans for the development of new energy vehicles by the country, the new energy vehicle purchase subsidy policy will terminate on December 31, 2022. After this date, vehicles registered will no longer receive subsidies from the government (current subsidy amounts: plug-in hybrid cars 4,800 yuan/unit, pure electric vehicles 12,600 yuan/unit).
Next, since the second half of the year...

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$Hang Seng Index (800000.HK)$
Hang Seng Index (800000.HK) The Hang Seng Index has seen a right-angle fake body for a long time: Hang Seng Index Futures (2211) (HSImain.HK) has experienced three rapid bull-bear conversions within a single day. After a false breakthrough failure at the important support level of 19750, it immediately plummeted to 17350, but then rebounded at this level. This rebound has the potential to form a short-term bear trap, as there is a possibility of a short-term double bottom divergence. A clear range trend has started to appear: 17720-17450. As long as any true breakthrough occurs within the next two days, be very careful as a new one-sided trend may occur until the futures are settled.

$MEITUAN-W (03690.HK)$ The Hang Seng Index is rising more and more. Is there any possibility that a bull market is coming and that it will rise infinitely? 10W points will be the end point [laugh and cry]. There has always been no shortage of market drummers. The Hang Seng Index rebounded by nearly 4,000 points this month. I have never seen such a big rebound in a single month. In 2007, it rebounded 10,000 points in February. Although the world's major financial markets have performed the worst, it is normal for them to fall deep and fall to death; they are already far behind. As for reversing the bull market, there has been no improvement in fundamentals; the year was more decent with the news. Tencent's performance should not be impressive, and stock positions will not stop being replenished. There are reservations about the further increase in the Hang Seng Index, and the reaction to derivatives is different. It is rare for the Hang Seng Index Bull and Bear Index ratio (number of shares) to lose 0.4% (24) bears 99.6% (6,791). Yesterday, the Hang Seng Index cyclical subscription of 18200call had quite a few intraday transactions. Today, they all settled on the same day without spending the night. Using yesterday's market, it's impossible to sell orders. Bull and bear securities have now peaked, and Hang Seng Index options are only intraday institutional operations. The price of premium options is higher in the middle of the month than at the beginning of the month, and is no longer attractive. Most of the cycle options are fresh, and unclosed contracts are visible. Today, Wednesday, the option premium will return to Monday's price, and the settlement date is two more days away. The Hang Seng Index rose, the panic index rose, and the rise was uneasy. derivatives and spot goods were on the same page. It wasn't easy to double buy the Hang Seng Index this week; on Monday and Tuesday, only the latter made a profit. There must be a reason why options trading is weak. It's hard for mature traders to win. Beginners and conservatives don't look bad; they don't lose when they earn less. At this point, they both buy value...