Congratulations to all winners for the Fourth Fortnight of the Phillip-Macquarie Warrant Challenge!
1. Yangt
2. Chong Lee
3. Wan Nor Ashikin Binte Wan Azkia
Best performer gained on CMA privatisation deal
The top trader earned herself the top cash prize of $1,500 after making a 180% return on her CapitaMalls Asia warrant over the last fortnight. Joelle hit jackpot on the warrant only seven weeks after first buying call warrant CapMallAsMBeCW140901 (TQ4W) on 7 March, after the competition first began. After local property giant CapitaLand announced their plans to buy over all outstanding shares in CMA, CMA jumped 23% in two weeks from 14 April to 25 April, which in turn resulted in Joelle’s warrant to spike 180% or four times her entry price.
Joelle had done her fair share of ‘homework’ before deciding to purchase the CMA warrant. Her view on the underlying CMA stock was formed after doing research on which stocks to invest in, what various research houses thought of the stocks etc. She then made her first virtual trade via the competition which she chanced upon while surfing for a trading app to learn more about trading. Now, she thinks that “trading is even easier than striking lottery” after her experience with Warrant Challenge and intends to open a real-life trading account.
In her advice to others who may be new to trading, especially in warrants like herself, she says “even for someone who is completely new to trading, I found it easy to understand warrants from trading on the Warrant Challenge game via the app. I was told warrants can be risky, but I’ve personally found it easy to manage as long as I stay disciplined. For example, I sold back my other position in Wilmar at the same price after seeing the Wilmar shares were not moving upward as I expected.”
First-place winner Joelle (right) and second runner-up Nora (left) receiving their cash prizes from Warrant Challenge
First runner up profit from Biosensors
First runner-up Kok Chong made a gain of 50% by trading call warrant BiosensoMBeCW150102 (ST8W). The underlying Biosensors shares made a spike of more than 6.6% on one day (16 April) on market talk of a potential takeover deal. Kok Chong took virtual profits from the Bionsensors warrant move on the same day and earned himself real cash of $1,250 in the process.
Second runner up bearish on HSI
Unlike the first and second prize fortnightly winners, third-place winner Wan Nor Ashikin Binte Wan Azkia (Nora) traded an index warrant instead of warrants over stocks. She made that decision as she “did not want stock-specific risks but a view on the general market instead.” Hence, she bought a HSI put warrant HSI22400 MBePW140529 (U4YW) given her bearish view on the HSI. On 16 April while the HSI April futures was trading at approximately 22,677, Nora bought U4YW Nora was right. The HSI futures subsequently tumbled more than 2% over the next few following week to trade at 22,206 on 25 April. Nora then seized the chance to lock in her trading gains, exiting from her position on the put warrant with a 32% gain. Nora’s one-week position has also won her a cash prize of $1,000.
Think you can perform better than them? The Phillip-Macquarie Warrant Challenge is in its final month with two more rounds of fortnightly prizes of $3,750 up for grabs. Contestants also have a shot at winning cash prizes totalling $6,250 and a brand new Mazda 6 by coming in as the top three overall winners in the Challenge. Join NOW to stand a chance at winning all these while learning to trade warrants!