I am looking at a couple of ICBC calls. One is 20492 (HSBC - closing 26 Mar $0.137, up 9.6%) ; the other 21457 (SG - $ 0.112; flat for the day). Trading volume-the latter is higher and for actual leverage 21457 is also higher at 13.64%. But I personally like HSBC's 20492, for the implied volatility, at 34.244%, is higher - and 20492 turnover on average appears to be more consistent (higher).
I believe all the bad news for Chinese banks has been digested in the market and under the current price level ($5.70 closing 26 Mar) the upside seems way higher than the downside. Hence, it is a good idea to look at a couple of calls.
See what I get if I buy 20492 opening Monday, say, at around 0.13o, and hold it for a few days.......
20492 HSBC - ICBC Call
21457: SG - ICBC Call
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