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POP MART Rallies 6% Midday as Prestigious Investor Duan Yongping Builds Position via Options
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Prestigious Mainland Chinese investor Duan Yongping has frequently discussed POP MART (09992.HK) on the Xueqiu platform, stating that the company's competitive moat has been established and that his "POP MART insurance company has officially opened for business". Duan is purportedly building a position in POP MART by selling put options. He explained that he is a fully invested investor, with the vast majority of his capital already allocated to other investments. Nevertheless, he can first sell some put options on POP MART while considering which existing investments to switch from (opportunity cost). He said he does not mind if the share price rises as a result, adding that earning slightly less can be treated as a form of charity, as any profits made will ultimately go to charity. If the put options are not exercised, he can still earn the premium; if they are exercised, he believed he will earn even more. The stock closed at HKD160.6 midday today (14th), up 6%, with turnover of HKD3.4 billion. Auto-translated by AI AASTOCKS Financial News |
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