To The Moon

$09988$

Important News:
Zheshang Securities maintains a "Buy" rating on Alibaba-W (09988) with a target price of HKD 189.09, optimistic about the growth of its AI cloud platform business and potential for margin improvement.

Options Analysis:
Current Implied Volatility (IV) is moderate, indicating market expectation for some price movement. Options trading volume suggests cautious, slightly bearish sentiment.

• This Week (1/9): Expected to fluctuate within HKD 137 - 154.

• Next Week (1/16): The range may widen to HKD 135 - 158.

• Key Support: HKD 144-145. HKD 144 is the recent monthly technical low; HKD 145 is a concentration area for put option (PUT) open interest.

• Key Resistance: HKD 150-154. HKD 150 is a dense resistance area for call option (CALL) open interest; HKD 154 is the upper bound of this week's range.

Options Strategy Reference:
Recommend selling deep out-of-the-money put options, Delta < 0.25 (low probability of exercise), high liquidity.
$09988 20260116 135.00 PUT$ 

• Reason: Next week expiry provides a buffer; strike price HKD 135 is deep out-of-the-money, Delta < 0.25; Call/Put Ratio shows limited market selling pressure.

• Stop-Loss Suggestion: Stop loss if the stock price falls below HKD 140.

$00700$

Important News:
Citi report maintains "Buy" rating with a target price of HKD 751, optimistic about the prospects of AI in enterprise and user applications.

Options Analysis:
Current Implied Volatility (IV) is at historically low levels, indicating market expectation for mild price movement. Overall sentiment is slightly bullish.

• This Week (1/9): Expected to trend mildly upward within HKD 620 - 650.

• Next Week (1/16): The range may widen to HKD 610 - 660.

• Key Support: HKD 600-620. HKD 600 is a concentration area for put option (PUT) open interest; HKD 620 is the lower bound of this week's range.

• Key Resistance: HKD 630-650. HKD 630 is a strong resistance area for call option (CALL) open interest; HKD 650 is this week's upper bound.

Options Strategy Reference:
Sell Put strategy (Delta < 0.25, high win rate, low risk).
$00700 20260116 600.00 PUT$ 

• Reason: Strike price is relatively safe; open interest 236 contracts (moderate liquidity); Delta ≈ 0.20; can benefit from time premium.

• Stop-Loss: Stop loss if price falls below HKD 585.

$01810$

Important News:
None

Options Analysis:
Current Implied Volatility (IV) is relatively high but underestimated by the market; short-term volatility may increase. Sentiment is slightly bullish, but the stock is in a downtrend.

• This Week (1/9): Expected to fluctuate within HKD 38.0 - 40.0.

• Next Week (1/16): The range may widen to HKD 37.5 - 41.0.

• Key Support: HKD 38.0. This is the current price area and a concentration zone for put option (PUT) open interest. A breach could accelerate the decline.

• Key Resistance: HKD 40.0 - 40.28. This is the recent high and an important technical resistance level.

Options Strategy Reference:
Recommend Sell Put strategy (Delta < 0.25) to earn premium with a high win rate.
$01810 20260116 36.00 PUT$ 

• Reason: Higher time premium, controllable risk, protected by support level.

• Stop-Loss: Close the position for a stop-loss if the stock price falls below HKD 36.00.

$09888$

Important News:
Baidu Group announced that its AI chip company, Kunlunxin, plans an IPO in Hong Kong, aiming to raise up to $2 billion. The news sparked a short-term rally, turning the stock positive.

Options Analysis:
Current Implied Volatility (IV) is at historically extreme lows, indicating market expectation for very stable price movement. Market sentiment is slightly positive.

• This Week (1/9): Expected to consolidate narrowly within HKD 140 - 148.

• Next Week (1/16): The range may widen slightly to HKD 138 - 150.

• Key Support: HKD 140. This is the most concentrated area for this week's put option (PUT) open interest, forming a key defensive line.

• Key Resistance: HKD 147.5-148. HKD 147.5 is a recent high; HKD 148 is the upper bound of this week's range.

Options Strategy Reference:
Recommend selling put options, Delta < 0.25 (ensuring deep out-of-the-money, low risk).
$09888 20260116 135.00 PUT$ 

• Reason: Collect premium in a low IV environment; higher time premium; strike price (HKD 135.00) is deeper out-of-the-money; estimated Delta < 0.25.

• Stop-Loss Suggestion: Stop loss if the stock price falls below HKD 125.00 (key historical support).

$00981$

Important News:
Bocom International maintains a "Buy" rating on SMIC, raising the target price to HKD 93.0.

• The company plans to acquire a 49% stake in SMIC Beijing for RMB 40.6 billion, expected to boost EPS and net profit.

• Simultaneously, it will invest an additional $3.66 billion in SMIC South, increasing its stake to approximately 41.6% to support advanced process development.

Options Analysis:
Current Implied Volatility (IV) is moderately high, indicating market expectation for significant price movement. Overall sentiment leans bullish.

• This Week (1/9): Expected to swing widely within HKD 70 - 80.

• Next Week (1/16): The range may widen to HKD 68 - 85.

• Key Support: HKD 75-80. HKD 75 is a concentration area for put option (PUT) open interest; HKD 80 is resistance near the recent high.

• Key Resistance: HKD 80-85. HKD 80 is strong resistance this week; HKD 85 is the upside target for next week.

Options Strategy Reference:
Recommend Sell Put strategy (absolute Delta value < 0.25), expiring this week, low risk, high win rate.
Sell Put $00981 20260109 67.50 PUT$ 

• Reason: Delta -0.021 (absolute value < 0.25), high liquidity, win rate ~98%. Expected that acquisition benefits will support the stock price, making a drop below 67.50 unlikely.

• Stop-Loss Suggestion: Immediately close the position for a stop-loss if the stock price falls below HKD 65.00 (Oct 15 support level).