This website (the “Hong Kong Website”) is maintained by Citigroup Global Markets Asia Limited and/or its affiliates (collectively the “Website Owner”). Access to the Hong Kong Website and documents and information published herein (the “Materials”), and their distribution, is subject to the following disclaimer.
Information/Access
This Hong Kong Website is only directed at and intended for residents of Hong Kong only. It may be illegal to download any information from the Hong Kong Website in other countries and the Website Owner disclaims all responsibility if you download any information from the Hong Kong Website in breach of any law of country in which you are residing. The Materials in this website must not be relied, or acted, upon by persons outside Hong Kong. By entering this Hong Kong Website, you confirm that you are a resident of Hong Kong and agree to be bound by the following disclaimer.
Persons accessing this Hong Kong Website or who may possess any information contained herein should inform themselves about, and observe and comply with, any applicable restrictions (including those set out herein) at their own cost and expense and without liability to the Website Owner. Reproduction, distribution, transmission, disclosure or publication of any information contained herein in any other places or to persons to whom such distribution, transmission, disclosure or publication is not permitted under the applicable laws or regulations of such places is strictly prohibited. In particular, information contained herein may not be taken or transmitted into the United States or distributed, directly or indirectly, in the United States or to any U.S. person (as defined in Regulation S under the U.S. Securities Act of 1933). In order to comply with the applicable laws and regulations, the contents of the Hong Kong Website are designed for residents of Hong Kong only and you should not access, browse and/or download any of the contents contained in the Hong Kong Website outside of Hong Kong.
No offer / advice / recommendation
The Materials contained in this Hong Kong Website are provided for information and discussion purposes only and do not constitute or form an (or any part of an) offer, invitation, solicitation, inducement, advice or recommendation, to acquire, dispose of, subscribe for or underwrite any structured products contained, referred to or mentioned in the Materials or this Hong Kong Website (the “Structured Products”). The Materials do not constitute any advice or any form of recommendation to purchase or sell the Structured Products or to conclude any transaction. Nothing contained herein shall form the basis of any contract or commitment whatsoever. Neither this Hong Kong Website nor the Materials shall be construed as an advertisement, inducement or representation of any kind or form whatsoever.
The Materials have been prepared for the intended recipients in general only and do not take into account the particular needs of any specific recipient.
No verification
The Materials are based on information obtained from public sources which are considered by the Website Owner to be reliable. However, the Website Owner has not verified the Materials, and such Materials may be incomplete or inaccurate. Opinions, estimates and other information contained in the Materials may be changed or withdrawn without notice. The Website Owner is not under any obligation to update or supplement the Materials. None of the Website Owner and/or its associates and connected persons, respective directors, senior officers and/or employees (including persons involved in the preparation or issuance of the Materials on this Hong Kong Website) (collectively, "Citigroup") or any information provider makes any representation or warranty, express or implied, of any kind as to the truth, accuracy, completeness, adequacy or reasonableness of the Materials or as to the fitness of any such Materials for any purpose. The Materials contained in this Hong Kong Website are published for reference only and shall not to be relied or acted upon as authoritative, without either the recipient's own independent verification or exercise of independent judgment.
Any indicative pricing levels, disclosure materials, valuations and other analysis published on the Hong Kong Website have been prepared on assumptions and parameters that reflect our good faith determinations. The assumptions and parameters used are not the only ones which could have reasonably been selected, and accordingly, no guarantee is given in respect of the accuracy, reasonableness or completeness of such quotations, disclosure or analysis. No representation or warranty is made that any indicative return or performance will be achieved in the future. Such information does not constitute investment advice by the Website Owner and are for information purposes only.
Risks factors for Structured Products
The Structured Products are non-collateralised product. If the Issuer becomes insolvent or defaults, you may not recover part or all of the amount due.If you invest in the Structured Products, you are relying on the creditworthiness of the Issuer. The price of the Structured Products may fall in value as rapidly as it may rise and investors may sustain a total loss of their investment. It is not possible to predict whether the secondary market for the Structured Products will be liquid or illiquid. Citigroup Global Markets Asia Limited may be the only liquidity provider for the Structured Products. Any opinions, forecasts or estimates herein constitute a judgment as of the date the information is published, and there is no assurance that future results or events will be consistent with any such opinions, forecasts or estimates. You are cautioned that actual results may differ materially from those set forth in any forward-looking statements. Past performance is also not indicative of future results.
Callable bull/bear contracts (“CBBCs”) have a mandatory call feature. Subject to the terms and conditions of CBBCs as set out in the Base Listing Document (including any addendum thereto), CBBCs will be automatically terminated when the spot price / spot level of the underlying asset reaches the call price / call level during the observation period, in which case, you will not receive any cash payment (for category N CBBCs) or may receive a cash payment called the residual value (for category R CBBCs).
Prospective investors should therefore ensure that they understand the nature and risks of the Structured Products and should, where applicable, consult their own legal, tax, accounting, financial and other professional advisers to ensure that any decision to invest in the Structured Products is suitable with regard to such investor’s specific circumstances and financial position. Citigroup assumes no fiduciary responsibility or liability for any consequences, financial or otherwise, arising from the subscription or purchase of the Structured Products.
In respect of each issue of the Structured Products, you should carefully review and understand the terms and conditions of the Structured Products, together with the financial and other information of the Issuer, as set out in the Base Listing Document (including any addendum thereto), and the relevant Supplemental Listing Document. These documents may be obtained from the office of the Sponsor, Citigroup Global Markets Asia Limited, at 50th Floor, Champion Tower, Three Garden Road, Central, Hong Kong.
Members of Citigroup may take proprietary positions and may have long or short positions or other interests in the Structured Products and may purchase and/or sell the Structured Products at any time in the open market or otherwise, in each case whether as principal, agent or as market maker. Citigroup is or may also be involved in other financial, investment and professional activities which may on occasion give rise to interests or a conflict of interests in respect of the securities which are the subject of this Hong Kong Website.
No liability
Citigroup does not accept any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this Hong Kong Website or its contents or otherwise arising in connection therewith. Without prejudice to the generality of the foregoing, none of the members of Citigroup or any information provider will be liable to anyone for any interruption, inaccuracy, error or omission, regardless of cause, in the information on the Hong Kong Website or for any kind of damages arising in connection therewith. Further, communications over the internet and by email are not secure and there is a risk that information may be intercepted, lost or destroyed. Citigroup does not accept any liability for any such occurrence and do not warrant that any communication or attachments or this Hong Kong Website will be free from viruses, worms or other harmful components.
Privacy
Any personal information supplied by you through this Hong Kong Website will be kept strictly confidential and, save as expressly provided, will only be used in ways which you have consented to. By accessing this Hong Kong Website, you are deemed to consent to the Website Owner’s use of information collected from you for marketing, planning, product development and research purposes. Please read the privacy policy statement for this Hong Kong Website www.citifirst.com.hk to understand how your personal information will be treated when you use this site.
Copyright and trademarks
Except where expressly stated, copyright in the information contained in this Hong Kong Website is owned by or licensed to the Website Owner. The information may not otherwise be reproduced and must not be distributed or transmitted to any other person or incorporated in any way into another site, document or other material. The use of any trademarks and logos displayed on this site is strictly prohibited unless written permission for such use is obtained from the Website Owner and/or, where relevant, such third party, which may own the trademarks and logos.
Hyperlinks
This Hong Kong Website may contain links to other web sites operated by entities which do not belong to Citigroup. These links have been provided solely for you to obtain further information about other relevant products and entities in the market. Members of Citigroup have no control over the information on these sites or the products or services on them, and therefore make no representations and accepts no responsibility regarding their contents. Inclusion of a link to a third party site should not be construed as an endorsement of such third party site by the Website Owner or that party's endorsement of this Hong Kong Website. You are advised to make your own enquiries in relation to third parties described or linked on this Hong Kong Website. Please note that you will be subject to the terms of use of the other sites that you visit.
Amendments and severability
The Website Owner reserves the right to change the Hong Kong Website in whole or in part at any time and to restrict, interrupt or terminate its service. The Website Owner also reserves the right to modify or amend these terms and conditions at any time. If any provision hereunder (or a part thereof) is or becomes illegal, invalid or unenforceable in any respect under any applicable law, the validity, legality and enforceability of the remaining provisions shall not in any way be impaired or affected.
Governing law and jurisdiction
These terms and conditions are exclusively governed by and shall be construed in accordance with the laws of Hong Kong. Each user is subject to the exclusive jurisdiction of the courts of Hong Kong in respect of any disputes arising hereunder.
Warrants Implied Volatility
美聯儲議息前夕，同時適逢内地五一黃金周長假，港股交投淡靜，上日（2日）大市成交金額約755億，為去年12月21日以來最低。走勢方面，恒指仍未擺脫上落爭持的局面，近期上下波幅區間介乎約19500至20300點之間，今早（3日）隨外圍低開近250點失守250天綫。截至上日，恒指牛證重貨區位於19500至19599點，熊證重貨區則位於20300至20399點，整體恒指牛熊街貨比例約54:46。議息前夕及成交疏落之下，大市上落波幅或傾向波動，投資者或可考慮部署較遠收回距離的牛熊證，控制收回風險， 投資者如看好恒指，或可留意恒指牛58112，收回價19250點，槓桿比率42.6 倍，換股比率10000 兌 1，2024年11月28日到期；如看淡，或可留意恒指熊61446，收回價20500點，槓桿比率18.8 倍，換股比率10000 兌 1，2024年04月29日到期。
滙豐（0005）首季度業績表現勝市場預期，稅前利潤同比增長逾200%，並宣布派發首季股息及最多20億美元股份回購計劃。股價上日午後抽升突破上月高位，重返2月至3月初水平，今早走勢則以整固爲主。上日輪場滙豐好倉資金流入約500萬元，淡倉流入約300萬元。 投資者如看好滙豐，或可留意滙豐購12404，行使價65.88元，實際槓桿13.2 倍，換股比率10 兌 1，2023年07月28日到期；如看淡，或可留意滙豐沽12406，行使價50元，實際槓桿12.8 倍，換股比率10 兌 1，2023年07月28日到期。
科網股走勢偏軟，阿里（9988）今早下試80元水平，曾跌逾3%，日内低位暫見79.7元，逼近3月低位約78元。根據CitiFirst®樂觀/悲觀情緒資金流專頁輪證數據，截至上日，阿里5天累計樂觀/悲觀資金比例約75:25，合計樂觀資金流逾1億。 投資者如看好阿里，或可留意阿里購23990，行使價95元，實際槓桿6.6 倍，換股比率100 兌 1，2023年09月29日到期；如看淡，或可留意阿里沽26680，行使價62.88元，實際槓桿10.3 倍，換股比率50 兌 1，2023年09月28日到期。
周二（25日）恒指弱勢依舊連跌三天，並且失守了250天綫，日内低位曾逼近19500點，若進一步向下觀望，恒指下一尚未回補的上升裂口位於3月21至22日，裂口區間在約19200至19400點水平。而參考恒指牛熊證街貨分佈，截至上日牛熊街貨比例為61.1:38.9，今日（26日）大市從低位19520點展開反彈，一度重上250天綫約19700點水平之上。 投資者如看好恒指，或可留意恒指購29262，行使價21000點，實際槓桿19.5 倍，換股比率7000 兌 1，2023年06月29日到期；但參考上日恒指牛熊證街貨分佈，20300至20399點收回區間熊證獲顯著加倉，相關對冲期指合約張數逾600張，投資者如繼續看淡，或可留意恒指沽11290，行使價18600點，實際槓桿14.1 倍，換股比率8800 兌 1，2023年06月29日到期。
科網股表現疲軟，截至上日恒科指及阿里巴巴（9988）皆連續6日收跌，阿里6日累計跌幅接近12%，股價回補3月28至29日的大型上升裂口。今日股價低位暫見81.25元，之後隨大市收窄跌幅，日内高位曾升穿84元。 投資者如看好阿里，或可留意阿里購23990，行使價95元，實際槓桿5.6倍，換股比率100 兌 1，2023年09月29日到期；如看淡，或可留意阿里沽26680，行使價62.88元，實際槓桿5倍，換股比率50 兌 1，2023年09月28日到期。
美團（3690）周二未能於50天綫站穩，走勢顯著受壓，日内最多曾跌近6%至129.5元，股價暫仍然位於自2月中至今形成的上落區間約125至145元。今日隨大市反彈，高位暫報135.7元。整體技術走勢上，美團上落波幅有逐漸收窄之勢，股價向三角形中綫約135元位置靠攏，方向待變。上日輪場美團好倉資金流入逾1100萬元，樂觀/悲觀比例為73:27。 投資者如看好美團，或可留意美團牛54122，收回價120元，槓桿比率6.6 倍，換股比率500 兌 1，2024年02月01日到期；如看淡，或可留意美團熊59988，收回價147元，槓桿比率8.7 倍，換股比率500 兌 1，2024年01月02日到期。
恒指上日（29日）在科網股的帶動下重返兩萬點關之上，一舉跳空至重合的20及250天綫上方。今早（30日）升勢見放緩，日内暫於20000-20200點位置附近反復上落，截至上日，恒指牛熊證街貨分佈比例為57.5:42.5。 投資者如繼續看好恒指，或可留意恒指牛57936，收回價19500點，槓桿比率31.2 倍，換股比率10000 兌 1，2024年11月28日到期；如看淡，或可留意恒指熊55765，收回價20500點，槓桿比率49.5 倍，換股比率10000 兌 1，2024年11月28日到期。
阿里（9988）上日為升市領頭羊，集團將重組6個主要業務部門，旗下業務在準備就緒後或可望尋求獨立上市及融資。股價上日裂口上揚試探50天綫約96元水平，日内於該水平爭持良久，今日亦再次試探該水平。 投資者如看好阿里，或可留意阿里購13554，行使價128.98元，實際槓桿6.8 倍，換股比率50 兌 1，2023年07月28日到期；如看淡，或可留意市場上最高槓桿的阿里熊54883，收回價98.6元，槓桿比率22.5 倍，換股比率100 兌 1，2023年12月01日到期。
快手（1024）公布截至去年12月底止全年業績，按非國際財務報告準則(non-IFRS)計的經調整淨虧損收窄至57.51億元，包括電商交易總額、用户規模及廣告收入在内的多項第四季數據創新高，股價今日一度升逾一成，不過日内升幅持續收窄。投資者如看好快手，或可留意快手購25372，行使價65.85元，實際槓桿3 倍，換股比率100 兌 1，2023年12月28日到期。
中石油（857）去年純利按年升62%，末期股息按年增近1.3倍，股價今日午後抽升，日内曾升約7.6%，見2019年5月以來新高。如繼續對中石油看高一綫，或可留意中油購14600，行使價4.99元，實際槓桿7.4 倍，換股比率1 兌 1，2023年09月28日到期。
周三晚，瑞信債券的一年期信貸違約掉期（CDS）飈升至過千點子，顯示投資者對其前景相當憂慮。瑞信ADR美股曾跌超過3成，但其後獲瑞士央行支持後跌幅收窄至不足13.9%。受事件影響，恒指夜期急插，港股周四（16日）承接外圍低開，重磅金融股拖累指數一度跌逾430點，曾見19109點低位。瑞士央行擬向瑞信提供最多500億瑞郎借款的消息傳出後，市場恐慌情緒略舒緩，指數跌幅一度收窄，但整體仍於19200點附近水平窄幅整固，100天綫得而復失。
儘管外圍及港股大市回落，美團（3690）周四股價表現硬净，中段最多曾跌近2%見124.2元低位後隨即反彈，一度轉升2.2%重新逼近130元水平。回顧2023年以來，美團股價自今年高位195.6元回吐超過35%至上周五（3月10日）見今年低位122.1元，跌浪長達3個月，重返去年10月下旬附近低位，本周似乎暫見喘定。輪場資金上日以樂觀情緒資金較多，佔比接近七成，認購證街貨佔比更高達90%。投資者如看好美團，或可留意美團購14245，行使價140.1點，實際槓桿6 倍，換股比率100 兌 1，2023年06月29日到期；如看淡，或可留意美團沽28840，行使價122.78點，實際槓桿3.9 倍，換股比率100 兌 1，2023年07月28日到期。
螞蟻集團宣布近日與榮耀終端有限公司達成戰略合作，雙方將在數字化經營、支付創新、安全科技、數字金融、ESG可持續發展五大領域展開全面開放合作。阿里（9988）周二（14日）一度跌穿80元心理關口，但暫時可以喘定，連續5個交易日於此水平窄幅整固。投資者如看好阿里，或可趁低留意阿里購11679，行使價108.1元，實際槓桿8.3 倍，換股比率50 兌 1，2023年06月29日到期；相反，如看淡，或可留意阿里沽26680，行使價62.88元，實際槓桿4.1 倍，換股比率50 兌 1，2023年09月28日到期。
恒指近日走勢反復向下，整體趨勢受壓，與下方250天綫約20000點水平距離逐漸拉近，逼近1月初水平，自高位回調逾2000點。 投資者如看好恒指，或可留意恒指購29261，行使價21500點，實際槓桿12.6 倍，換股比率6500 兌 1，2023年06月29日到期；如看淡，或可留意恒指沽11290，行使價18600點，實際槓桿9.3 倍，換股比率8800 兌 1，2023年06月29日到期。
阿里（9988）今日即將公佈第三季度業績，股價近期逼近250天牛熊分界綫水平，股價自上周五再次跌穿百元關，暫時連跌4日。隨著大市逐步喘定，阿里今日亦見止跌回升，最多曾升3.6%，一度重返96元之上。而根據CitiFirst®樂觀/悲觀情緒資金流專業數據，本周輪場樂觀資金流顯著增加，在21至22日分別有接近8成及9成輪證資金為樂觀資金。 投資者如看好阿里，或可留意阿里購29943，行使價118.98元，實際槓桿6.6 倍，換股比率50 兌 1，2023年06月29日到期；如看淡，或可留意阿里沽29682，行使價84.95元，實際槓桿3.6 倍，換股比率100 兌 1，2023年08月30日到期。
百度（9888）上日收市後公佈第四季業績勝市場預期並宣佈計劃進行最多50億美元股份回購。但其後有日媒報道指中國禁止科技巨頭向客戶提供ChatGPT服務。百度股價今早低開近3%，不過開市後迅速獲承接急彈，中段一度轉跌為升。 投資者如看好百度，或可留意百度牛52941，收回價128元，槓桿比率8.7 倍，換股比率500 兌 1，2023年12月28日到期；如看淡，或可留意百度熊53644，收回價155元，槓桿比率7.5 倍，換股比率500 兌 1，2023年12月01日到期。
恒指連日於21000點水平好淡爭持，上日（13日）低開280點，開市後跌幅即擴大至390點見20799點，逼近上月初上升裂口底部，其後跌幅於日内逐步收窄，21000點水平失而復得。今早（14日）延續整固形態，續於21000點水平附近徘徊。截至上日，恒指牛證重貨區位於20500至20800點區間，熊證重貨區則集中於21800至22100點區間。 投資者如看好恒指，或可留意恒指牛69687，收回價20500點，槓桿比率26 倍，換股比率10000 兌 1，2025年12月30日到期；如看淡，或可留意恒指熊52151，收回價22000點，槓桿比率24 倍，換股比率10000 兌 1，2025年12月30日到期。
阿里（9988）連日受制10天綫，上日開市後最多跌3.3%，之後在日内低位100.7元位置獲得承接隨大市反彈，收市股價接近追平，暫守100元關。今早於103元附近窄幅上落。根據CitiFirst®網站樂觀/悲觀情緒資金流資訊，阿里過去5日（2月7至13日）樂觀資金流合計約1.4億，資金樂觀/悲觀比例接近6:4。 投資者如看好阿里，短綫部署或可留意阿里購29943，行使價118.98元，實際槓桿5.5 倍，換股比率50 兌 1，2023年06月29日到期；長綫部署則可留意阿里購13254，行使價138.98元，實際槓桿3 倍，換股比率100 兌 1，2024年06月27日到期； 或可留意阿里牛51609，收回價96.88元，槓桿比率10.1 倍，換股比率100 兌 1，2023年12月28日到期。
中移動（941）自去年11月展開升浪以來，走勢一頂高於一頂，近日走勢沿10天綫位置整固，在最近大市回調之際股價跌幅相對較少，逆市企穩。股價上日收報57元，近期高位則在57.5元。 投資者如看好中移，或可留意中移購25026，行使價60.65元，實際槓桿15.8 倍，換股比率10 兌 1，2023年04月27日到期；或可留意中移牛52149，收回價51.38元，槓桿比率11.4 倍，換股比率100 兌 1，2023年12月28日到期。
美國10月份通脹低過預期，市場憧憬聯儲局將放慢加息步伐，恒指上周五（11日）隨外圍高開過千點，午後越升越有，重返17300點以上，收報17325點，全日升1244點，大市成交金額約1826億。另外據報内地公佈優化防控措施及内房支持政策，恒指今早（14日）延續升勢繼續向好，全日高開高走，中段升幅一度擴大至685點，一度重返18000點關口之上，之後升勢略爲放緩。 投資者如看好恒指，或可留意恒指購26330，行使價19500點，實際槓桿7.8倍，引伸波幅29.3%，換股比率6500兌1，2023年04月27日到期；如看淡，或可留意恒指沽26702，行使價15500點，實際槓桿7.2倍，引伸波幅33.3%，換股比率6000兌1，2023年04月27日到期。
内地公佈優化新冠肺炎疫情防控措施，並對入境人員將「7+3」調整為「5+3」，市場或憧憬防控措施放寬或對友邦（1299）保險業務增長有正面影響，友邦上周五（11日）隨大市裂口高開逾5%重返70元大關之上，收報73.05元，全日升8.8%。今早（14日）股價繼續走高，一度升逾5.6%，突破200天綫。回顧自11月以來表現强勢，相比10月底低位反彈近35%。投資者如看好友邦，或可留意友邦購17847，行使價95元，實際槓桿5倍，引伸波幅33.9%，換股比率50兌1，2023年12月28日到期；如看淡，或可留意友邦沽25375，行使價58.88元，實際槓桿7.6倍，引伸波幅40.4%，換股比率10兌1，2023年03月30日到期。
阿里（9988）雙11購物節正式拉開帷幕，上周五（11日）股價一改頹勢高開高走，日内升幅一度高達13.4%，升穿20天移動平均綫及70元大關，收報70.8元，全日升12.4%。今早（14日）雖能隨著大市反彈，中段一度考驗70元整數關口支持位。投資者如看好阿里，或可留意阿里購25836，行使價80.05元，實際槓桿3.4倍，引伸波幅58.5%，換股比率100兌1，2023年06月29日到期；如看淡，或可留意阿里沽27928，行使價60.13元，實際槓桿3.1倍，引伸波幅64.7%，換股比率50兌1，2023年04月27日到期。
港股11月迎來開門紅，總結上周大市表現，恒指上周一（10月31日）見低位約14600點後，11月開始展開反彈，上周四（11月3日）稍作調整後，上周五（11月4日）重返16000點關及20天綫之上，日内一度升近1200點，一周升約1300點。今早（11月7日）延續升勢進一步向上，日内高位暫時曾觸及16821點。 投資者如繼續看好恒指，或可留意恒指購26330，行使價19500點，實際槓桿8.4倍，引伸波幅30%，換股比率6500兌1，2023年04月27日到期；如看淡，或可留意恒指沽27260，行使價14000點，實際槓桿6.8倍，引伸波幅35.8%，換股比率5500兌1，2023年04月27日到期。
阿里（9988）上周五（11月4日）顯著反彈，成恒指領漲股首位，日内一度升約21%見日内高位76.2元，雖然其後升幅顯著收窄，但全日仍逾一成。不過今日表現則落後於大市，低開之後一度跌近5.2%，曾見低位66.3元後逐步回升，暫於70元整數關口水平附近爭持。 投資者如看好阿里，或可留意阿里購25836，行使價80.05元，實際槓桿3.5倍，引伸波幅58.9%，換股比率100兌1，2023年06月29日到期；如看淡，或可留意阿里沽26680，行使價62.88元，實際槓桿1.9倍，引伸波幅62.4%，換股比率50兌1，2023年09月28日到期。
而另一隻科網股騰訊（0700），其股價10月下旬連續多日於約200元水平獲承接，上周走勢轉好，MACD指標亦現黃金交叉，上周五（11月4日）重返20天綫之上，為9月上旬以來首次。 投資者如看好騰訊，或可留意騰訊購26676，行使價298.2元，實際槓桿6.2倍，引伸波幅46%，換股比率100兌1，2023年03月30日到期；如看淡，或可留意騰訊沽27071，行使價180.88元，實際槓桿2.7倍，引伸波幅48.7%，換股比率100兌1，2023年12月28日到期。
市場對聯儲局加息預期下降，美國三大指數反彈。今日（24日）亞太區股市亦普遍造好，但恒指卻裂口急挫，暫低見15142點，最多跌1068點（約6.6%），為2009見4月底以來的低位。 恒指波幅指數（VHSI）一度飆升至43水平，對上一次此現象出現於今年3月15日，當日恒指中段急跌約6.6%後，次日連彈2日，累計升幅超過16%。投資者如想趁低搏恒指反彈，或可留意恒指購26065，行使價17000點，實際槓桿7.8倍，引伸波幅31.4%，換股比率7800兌1，2023年03月30日到期；如繼續看淡，或可留意恒指沽26702，行使價15500點，實際槓桿4.9倍，引伸波幅33.7%，換股比率6000兌1，2023年04月27日到期。
科網股領跌拖累大市向下，美團（3690）今日（24日）曾跌近一成半，跌穿4月低位約130元位置，股價逼近120元整數關口水平，距離3月份底部103.5元還有約16%的距離，表現相對ATM中其他2隻科網股更為硬净。值得留意的是，截至上周五（21日），美團連續8日錄得北水净流入。投資者如繼續看好美團又想趁低搏反彈，或可留意美團購27016，行使價160.1元，實際槓桿3.9倍，引伸波幅62.1%，換股比率100兌1，2023年05月30日到期；如看淡，或可留意美團沽26791，行使價110元，實際槓桿2.7倍，引伸波幅69.6%，換股比率50兌1，2023年04月27日到期。
至於阿里（9988），今早（24日）同樣大陰燭下挫，日内暫低見61.35元，最多暫跌近12%，股價再創港交所上市以來新低，但今日成交顯著回升，半日成交額已超過60億。 投資者如繼續看好阿里，或可候低留意阿里購25836，行使價80.05元，實際槓桿3.7倍，引伸波幅57.8%，換股比率100兌1，2023年06月29日到期；如看淡，或可留意阿里沽25246，行使價50.45元，實際槓桿3倍，引伸波幅69%，換股比率10兌1，2023年3月30日到期。