We are pleased to announce the winners of Macquarie WarrantHero Week 1!
Based on the leader board and the “3 warrant position*” requirement, here are the list of winners for Week 1. *To qualify for prizes, users must have at least 3 open or closed positions in the competition participating period.
1. SILVERSURFER - S$500
2. KELVIN CHUI - S$300
3. HWEE - S$300
4. BERN VIVALA - S$100
5. DRAGNOR - S$100
For users who have missed out, you are still eligible for 2 more weekly prizes of $1,300 and a $5,000 prize pool for monthly prizes, so keep trading!
Within just one week of the Warrant Hero launch, trader SILVERSURFER has made it to the top of the leader board with a 28.5% gain on his warrant portfolio!
Top WarrantHero trader takes positions over Hang Seng and China
Silversurfer entered his first trade on 12 August – the date the WarrantHero game started – with a buy order for HSI call warrant HSI 21600 MB ECW130927 (SP0W), where the underlying Hang Seng futures made a jump more than 350 points or 1.5%, within half an hour.
The spike in the Hang Seng was similar to that seen in the China A50 futures on the same day, where Silversurfer also took a bullish position via FTSECHINAA50 7800 MBECW131030 (S3PW). He exited from both positions the next day with a 58.9% on his HSI warrant, and 30% on his China A50 trade. This compares with the 3.7% gain on the HSI futures and 2.8% increase in the China A50 futures over the same period.
Still bullish on China, Silversurfer re-entered with the same China A50 call warrant on Wednesday. His view this time round however, was wrong and he quickly cut out of this trade with a 19% loss when the futures fell 1.4%.
Runner up focuses on Japan index
First runner-up KELVIN CHUI also focused on an index warrant – the Nikkei. He was bearish and bought both the shorter-dated Nikkei put NIKKEI225 13500 MB EPW130913 (S9XW) as well as longer-dated NIKKEI225 12500 MB EPW131213 (ST1W). S9XW and ST1W made him 22.1% and 22.6% respectively. The Nikkei futures fell 2.2% over the same period of time.
Open position in HSI puts Hwee in third place
Second runner-up HWEE traded both a mix of stock and index warrants. In single stocks, he made a 1.5% return in DBS call warrant DBS MB ECW131101 (SB5W) versus DBS’ 0.7% gain over the same period.
Most of his gains however, came from an open position in HSI call warrant HSI 25600 MB ECW131230 (RQ5W). He bought the warrant at $0.021 on Monday morning, which gave him a 28.6% unrealised profit based on the warrant’s closing bid price of $0.027 on Friday.
Think you can top them? Come on and join Warrant Hero and stand to win cash prizes. There will be prizes awarded every week for the next 11 weeks! Learn more about warrants from Macquarie Investor Academy.
Regards,
TradeHero Team
Like us on Facebook: www.facebook.com/tradehero
Follow us on Twitter: www.twitter.com/tradeheromobile
