E speculators say goodbye to the popular T +0 overnight sale of new.

T +0 <P> warrants say goodbye to overnight trading speculators become another important mode </ P> <P> Recently, with the warrant to enter consolidation phase of the market, some of the operating strategy also warrants speculators began to change in overnight trading become the ."T +0" another important model after. .</ P> <P> stocks since last August to change warrants first inception, the warrants market volatility, arbitrage and hedging, and is not widely recognized, a group of large funds, trading frequency, the plate back and forth on the back of the individual .large as the backbone of this market. .Related statistics show that once large group of more than 60% monopoly of the market volume of transactions. .For those pursuing "only a second, a PCT earn money" on the investment philosophy down people, had bought the day to sell "T +0" trade is their main or only operating strategy. .</ P> <P> this situation has changed in the near future. .Shanghai and Shenzhen Stock Exchange, the disclosure of data, since the weekend, individual large proportion of consecutive appearances holders of warrants over the list of warrants to buy warrants overnight thrown into a new strategy for speculators. .</ P> <P> 9 8, Lei Lianying be more than 5% Angang warrant holders, holding the number of over 5.65 million copies, the market value of over 17.54 million yuan. .September 11, Lei Lianying warrants from the Anshan Iron and Steel "shareholders" list disappear. .September 11, Suzong An Wanhua put the number of holding more than 5% of available liquidity, market capitalization of more than 9.72 million yuan. .September 12, Suzong An disappear from the list. .September 12, Wang-Star appearance of raw water put warrants, holders of the number of over 17.77 million copies, worth over 16.78 million yuan. .September 13, Wang massive stars thrown in the hands warrants. .September 14, Liu Ye Ping appeared Jacobi put warrants, holders of the number of over 33.93 million copies, the market value of over 23.58 million yuan. .</ P> <P> "warrants changing the operating strategy of the speculators, should a large extent the recent decline in market liquidity warrants on", the Ministry of derivatives Guoxin Securities analyst Dong Yi Ting said. .She believes that the volatility of stock markets Recently though large, but the market did not warrant a corresponding sharp shock, the rise and fall rate of all varieties are rarely more than 5%. .In this volatility is not the case, the large number of warrants is difficult to pass "T +0" trade to earn enough to spread, throw the next day became the day to buy their new choice. .On the other hand, after a year of exercise, the warrants market, speculators are increasingly familiar with the holders of warrants overnight risk tolerance has also been enhanced. .</ P> <P> In fact, quantitative analysis from the perspective of the operating strategy of profitable overnight trading probability is not low. .Derivatives had done a statistical analyst, from last August to July of this year, if all the investors warrants to buy used 5 minutes before the close, after opening the next day's strategy to sell each month, total receipts are .is positive, net of transaction costs, the average daily yield of about 0.5% or so. .From the look of several large operations, sold the same day the warrants were higher than the purchase price the day of the same high probability of profit. .</ P> <P> Warrant holders of the list name list the date of retirement date </ P> <P> Angang subscription Lei Lianying September 8 September 11 </ P> <P> put Suzong An Wanhua .September 11 September 12 </ P> <P> star raw water put the king on September 12 September 13 </ P> <P> Jacobi put Liu Ye Ping September 14 --- </ P .>.