Beware of doomsday Risk

(GF Securities Co., Ltd.) The Doomsday Wheel usually refers to the short remaining period of warrants, in the last day of the warrants and the last few days, when the time value of the warrants have been fully depleted, the premium level will tend to 0, so theoretically the price of the doomsday wheel tends to the intrinsic value of the warrants, The fluctuation of its price mainly depends on the fluctuation of the price of the normal stock. But in fact, because at this time the absolute price of the warrants will be relatively low, often will attract a lot of speculative money into the speculation, so that the price of the warrants a sharp fluctuation. And many investors due to lack of awareness of the risk of warrants in the profiteering effect attracted participation in the doomsday warrants speculation, often in the end of the round after the collapse of the money.　　Therefore, especially in the last trading day of the warrants, investors need to be aware of their risks more clearly. Take May 18 as the last trading day "sig CWB1" warrants, for example, without considering other costs, according to its shares of the 8.24 yuan/share of the closing price of Kang Mei Pharmaceutical, the SIG pharmaceutical stock has exceeded the "sig CWB1" of the right prices of warrants (5.36 yuan/　　Unit) 53.73%, that is, "sig CWB1" warrants the intrinsic value of 2.88 yuan/share. For the doomsday warrants, investors should note that the Shanghai Stock Exchange has already appeared in accordance with the "Shanghai Stock Exchange securities abnormal trading real-time monitoring guidelines," article III of the relevant provisions of the irrational speculation on the doomsday warrants, the implementation of temporary suspension of the regulatory measures in the case.　　Therefore, investors should be concerned about the risk of not being able to sell warrants in time if they are involved in the Doomsday warrants transaction. In summary, for the doomsday warrants, investors need to pay full attention to these risks, so as to avoid losses in the price of warrants. (the article is for reference only, the profit and loss caused by the investment accordingly is irrelevant.) ) (Risk tip)