The above chart explains......my 2c opinion of this call warrant.
TRADE AT YOUR OWN RISK....
PLEASE TAKE NOTE:
Bullish investors took home 1.9M units of CHINA50-C7(strike 12,500), pushing the warrant out-of-inventory. An important reminder that Macquarie would not be able to provide active offer quotes for the warrants, hence the price may be inflated by other investors in the market. You can refer to our live-matrix for our fair bid prices before you trade such warrant. Separately, investors sold back 2.0M units of CHINA50-C6 (strike 16,500) lowering the total warrant outstanding to 12.3M units. CHINA50-C6 has a very high exercise level of 16,500 and is far out-of-the-money. The CHINA50 futures closed 0.2% lower at 10,496.05-points.
dated 8/12/15
