PortfolioAlert

How is the Tian 23 Convertible Bond? The premium rate is low. Can I build a position now?

Look at the picture

Buy 506,000 and combine with a synthetic short position. Is it possible to relatively low-risk arbitrage this basis?

To gamble or not to gamble?

What is a reasonable price... Aerospace 26-year mainline.

The article discusses real-time monitoring of ETF premium and discount rates and suggests that arbitrage can be performed based on this. Taking short-term financing ETFs as an example, the current premium and discount rate is -0.0003%, with an estimated annualized return of +0.05%. Additionally, it is recommended to expand to other investment products in the future.

As the title suggests, the mandatory redemption countdown has not started yet. Has this convertible bond already been provisioned for early redemption?

Recently received a call claiming:
1. An annual interest rate of 2.2%, lower than a mortgage at 3.0
2. As long as you have a mortgage, you can do it
3. The term can be extended to 20 years
4. Interest-only payments first, with the option for early repayment
5. The interest rate follows the LPR
6. Also requires signing with the bank and obtaining an individual business license
7. They are just an intermediary, charging a commission of 0.8% of the principal

Are there any pitfalls? Does anyone know more about this?

The article discusses the impact of quantitative funds on the A-share market, highlighting how they leverage information, technology, and capital advantages to create barriers for ordinary investors. Taking Huabao Oil & Gas as an example, quantitative funds utilize information asymmetry and capital advantages to generate market volatility, affecting the returns of retail investors and making short-term trading more challenging. In the future, the market may be left with only value investors and quantitative traders as participants, with retail investors' survival space gradually shrinking.

The article discusses investors' views on Blue Sail's convertible bonds, analyzing the company's potential for a downward revision and its impact on the stock price. Investors predict that Blue Sail will continue to adjust its stock price before the earnings report and expect that, in the worst-case scenario, losses will not exceed 1.7 yuan, with each share potentially earning over 20%. At the same time, investors have already bought in at 108 yuan and plan to increase their positions.

Core Background and Challenges
Currently, Huabao Oil & Gas (162411) faces two major core constraints: third-party platforms (such as Jisilu) have completely delisted their fact-based valuations, and the market value method valuation has significant errors (unable to obtain real-time holdings weights, dynamically adjust positions, and the calculation of heavily weighted stocks deviates considerably from the actual net value). Ordinary investors' reliance on real-time valuation pathways has been cut off, and as a QDII-LOF with special attributes (subscription on T day, net value announced only late on T+1, linked to US stock oil and gas assets), we are required to switch strategies: using the estimated net value on T-1 as the core anchor point to guide off-market subscriptions on the same day, building a risk-free safety cushion.
1. Core Logic Reconstruction: Anchoring T-1 Net Value, Penetrating Valuation Errors
1. Key Rules and Underlying Understanding
Net value announcement rules: Huabao Oil & Gas, as a QDII fund, accepts subscriptions before 15:00 on T day (A-share trading day), based on T

The value of the converted shares has stabilized below 130.

The article discusses the trends of certain types of stocks, implying that they are waiting for significant market changes, such as the sharp decline of red category five stocks. The author believes these stocks are performing steadily, like calm before the storm, indicating that there may be intense market volatility in the future.

The author shared their investment experience, starting to get involved in fund investing after graduating in 2020, experiencing the ups and downs of bull and bear markets. Through learning and reflection, they developed a prudent investment strategy, planning to diversify a total of 1 million in available funds, including CSI Dividend, Low Volatility Dividend, Convertible Bonds, and Copycat Stocks. They aim to achieve stable returns while controlling drawdowns and are attentive to market changes and future developments.

No money in the account,

but there is collateral, so credit can be granted at any time to get funds for payment.

Pulling up 20%+ is not easy either.

Suppose the credibility of the US dollar as an international reserve currency further declines, where else can existing funds be invested?

Currently renting out the house, considering selling it directly but worried about selling at the lowest point. Is it a good time to upgrade or exchange properties in Shanghai now? Which sector or neighborhood should I consider for the exchange? The total price should ideally be within 1,000, and I won't be living there in the next few years, so it has some investment potential. No specific area requirements. Friends who are knowledgeable, please give some advice.

Buy a little and sell, short-term emotional speculation

1. Recently, major indices have actually declined quite a bit, but why hasn't the total market capitalization changed much?
2. According to this result, it should be that the weighted stocks fell while the non-weighted stocks rose, but the actual feeling is that non-weighted stocks seem to have fallen more?
There haven't been many new stocks listed recently, so why is this happening?

I want to ask everyone, are there any mainstream algorithmic trading strategies for active convertible bonds? I looked at the data, and the top-ranking convertible bonds by trading volume have much higher trading volumes than the underlying stocks. Since convertible bonds can be traded T+0 and are suitable for algorithmic trading, are there any algorithmic or quantitative strategies that are particularly well-suited?