12 April 2017
Structured Warrant Activity in April MTD
  • On Monday next week, Hong Kong Exchange will be closed due to Easter Monday. Even though SGX will be open on Monday, market makers in HSI and HSCEI warrants will not be providing quotes as the underlying market (HKEx) is closed.
  • The five most active Index Warrants for April month to date were Structured Warrants of the Hang Seng Index. They comprised two Call and three Put Warrants, with a total turnover of S$280 million. The Hang Seng Index Put Warrant with an expiry date of 29 May 2017 and strike level of 24,600 was the most active index warrant in April month to date. It generated a trade value of S$94 million for the corresponding period.
  • The five most active Stock Warrants for April month to date were Warrants on Singapore’s banking stocks and Singapore Exchange, with a total turnover of about S$7 million. DBS’s Call Warrant with a strike level of S$19.50 and expiry date on 10 July 2017 was the most active warrant. It generated a trade value of almost S$2.4 million in the corresponding period.

Market Closure of Hong Kong Exchange on 17 April

 

On Monday next week, Hong Kong Exchange (HKEx) will be closed due to Easter Monday. Therefore, the Hang Seng Index (HSI) and the Hang Seng China Enterprise Index (HSCEI) will not be quoted on that day. SGX will remain open next Monday but will be closed this Friday due to the Good Friday public holiday. SGX will be open on Monday, however market makers in HSI and HSCEI warrants will not be providing quotes as the underlying market (HKEx) is closed. Apart from HSI and HSCEI, other structured warrants will be available for trading on SGX next Monday.

 

Investors can subscribe to the weekly Economic Calendar (click here) for schedules of significant global macroeconomic events, earnings releases and corporate actions.

 

The details of the actively traded Hang Seng Index and Hang Seng China Enterprise Index Warrants in April are listed in the table below sorted by April MTD traded value.

 

Name

Stock Code

Call/ Put

Expiry Date

Strike Level

MTD Trade Value (S$)

HSI 24600 MB ECW170529

CFFW

C

29-May-17

24,600

94,114,503

HSI 23200 MB EPW170529

CFSW

P

29-May-17

23,200

49,963,315

HSI 24000 MB EPW170529

CFTW

P

29-May-17

24,000

48,695,313

HSI 23600 MB EPW170427

CESW

P

27-Apr-17

23,600

44,752,512

HSI 24200 MB ECW170427

CCUW

C

27-Apr-17

24,200

42,296,944

HSI 25400 MB ECW170529

CFRW

C

29-May-17

25,400

34,563,129

HSI 25000 MB ECW170427

CFQW

C

27-Apr-17

25,000

24,854,208

HSI 24400 MB EPW170427

CFUW

P

27-Apr-17

24,400

19,076,246

HSI 24600 JP ECW170629

CERW

C

29-Jun-17

24,600

10,215,024

HSI 24188 VT ECW170529

CFOW

C

29-May-17

24,188

9,548,021

HSI 23200 UB EPW170629

CEVW

P

29-Jun-17

23,200

5,440,911

HSI 23600 VT EPW170529

CFPW

P

29-May-17

23,600

4,457,300

HSI 25400 UB ECW170629

CETW

C

29-Jun-17

25,400

3,237,552

HSI 24800 UB ECW170529

CATW

C

29-May-17

24,800

780,055

HSI 22600 VT EPW170529

CECW

P

29-May-17

22,600

204,315

HSI 22400 MB EPW170529

CFHW

P

29-May-17

22,400

102,328

HSI 23800 MB ECW170529

CFGW

C

29-May-17

23,800

24,507

HSI 22800 MB EPW170427

CENW

P

27-Apr-17

22,800

14,375

HSI 26000 UB ECW170629

CEUW

C

29-Jun-17

26,000

7,640

HSI 23188 VT ECW170529

CEAW

C

29-May-17

23,188

7,325

HSI 21400 VT EPW170529

CEBW

P

29-May-17

21,400

1,620

Source: SGX (data as of 11 April 2017)

 

Name

Stock Code

Call/ Put

Expiry Date

Strike Level

MTD Trade Value (S$)

HSCEI 10000 UB EPW170629

CEXW

P

29-Jun-17

10,000

342,380

HSCEI 11200 UB ECW170629

CEWW

C

29-Jun-17

11,200

92,330

Source: SGX (data as of 11 April 2017)

 

Five Most Active Structured Index Warrants in Apr MTD

 

The five most active Index Warrants for April month to date were Structured Warrants of the Hang Seng Index. They comprised two Call and three Put Warrants, with a total turnover of S$280 million. The Hang Seng Index Put Warrant with an expiry date of 29 May 2017 and strike level of 24,600 was the most active index warrant in April month to date. It generated a trade value of S$94 million for the corresponding period.

 

Yesterday, this strike level was positioned 2.1% above the Hang Seng Index, which last closed at 24,088.06. The details of the five most active Index Warrants in April month to date are tabled below.

 

Name

Stock Code

Call/ Put

Expiry Date

Strike Level

MTD Trade Value (S$)

HSI 24600 MB ECW170529

CFFW

C

29-May-17

24,600

94,114,503

HSI 23200 MB EPW170529

CFSW

P

29-May-17

23,200

49,963,315

HSI 24000 MB EPW170529

CFTW

P

29-May-17

24,000

48,695,313

HSI 23600 MB EPW170427

CESW

P

27-Apr-17

23,600

44,752,512

HSI 24200 MB ECW170427

CCUW

C

27-Apr-17

24,200

42,296,944

 

Source: SGX (data as of 11 April 2017)

 

Five Most Active Structured Stock Warrants in Apr MTD

 

The five most active Stock Warrants for April month to date were Warrants on Singapore’s banking stocks and Singapore Exchange, with a total turnover of about S$7 million.

 

DBS’s Call Warrant with a strike level of S$19.50 and expiry date on 10 July 2017 was the most active warrant. It generated a trade value of almost S$2.4 million in the corresponding period.

 

Yesterday, this strike price was positioned 1.8% above DBS, which closed at S$19.16. The details of the five most active Stock Warrants in April month to date are listed in the table below.

 

Name

Stock Code

Call/ Put

Expiry Date

Strike Level

MTD Trade Value (S$)

DBS MB ECW170710

CBJW

C

10-Jul-17

19.50

2,448,282

UOB MB ECW171101

CBRW

C

1-Nov-17

22.50

1,644,621

OCBC BK MB ECW171002

CBHW

C

2-Oct-17

9.50

1,287,232

SINGAPORE EXCHANGEMBECW170904

CELW

C

4-Sep-17

8.00

734,148

DBS MB EPW171030

CBOW

P

30-Oct-17

16.80

644,858

Source: SGX (data as of 11 April 2017)

 

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