388.HK Stock option Short Put idea for Dec 2024Hello Trades,
The Hang Seng Index experienced a single-day rebound in the days before and after the settlement, with significant increases in most constituent stocks.
We are deploying a Hong Kong stock options strategy for next month.
We will use the Hong Kong Stock Exchange as the center for our options strategy.
We see that the stock price of the Hong Kong Stock Exchange is currently in a consolidation range on the weekly chart.
The strike price is between $260 and $290.
388
Short 388.HKJust want to share my view on HKEX:700 .
I am expecting an upcoming long term bear of of Hong Kong stock market. 700 as an important constitute of the HSI is highly correlated to it. Investors are getting more aware of its overvaluation. I have put bets onto the bear.
It is possible for the stock to form a head and shoulders pattern before it further drops to what is fair price, that is at around HKD$255.