[Warrant Perspective] Zijin Mining surges! Warrant gains 10 times that of the underlying stock, where are the opportunities?

At 14:30 on January 13th, $ZIJIN MINING (02899.HK)$

Continuing its recent active trend, the latest price is HKD 40.28, with a temporary increase of 2.55%. The trading volume has reached HKD 2.219 billion, and market attention has significantly increased. From a key price level perspective,The current support levels are HKD 37.4 (Support 1) and HKD 35.3 (Support 2), while resistance levels are concentrated at HKD 41.7 (Resistance 1) and HKD 45 (Resistance 2). The probability of an upward movement is 51%, with a 5-day volatility of 10.3%, indicating quite active fluctuations.

Technical data shows that Zijin Mining's current MA10 is HKD 37.59, MA30 is HKD 34.87, and MA60 is HKD 33.36. The share price has firmly risen above multiple moving averages; the RSI indicator is at 73, within the overbought region. The technical indicators collectively signal a sell, with a signal strength of 8. Among them, the Williams %R and Stochastic Oscillator are both in the overbought state, with the CCI indicator signaling a sell. Meanwhile, the MACD signal, Bollinger Bands, and Ichimoku Cloud are simultaneously giving buy signals, showing some divergence between bullish and bearish signals. Close monitoring of volume changes is required for short-term trends.

It’s worth mentioning that our [HK Stocks Broadcast]January 12 [HK Stocks Podcast] Hang Seng Index, Alibaba, Baidu, China Mobile, AAC Technologies, Zijin MiningAlso highlighted Zijin Mining last session (December 12th): the closing price was 39.28 yuan, with slightly increased trading volume compared to the previous session, and the RSI indicator began approaching the 80 level. Some investors asked if Zijin Mining’s share price could rise above 50 yuan. In response, we believe that for Zijin Mining to reach 50 yuan, it needs to break through several resistance levels. The first resistance is at 40.6 yuan, and if it breaks through that, the next resistance is at 43.8 yuan. Therefore, investors targeting a price of 50 yuan may need to wait for a longer period, as it might not happen quickly. This is provided for your reference. $Hang Seng Index (800000.HK)$$BABA-W (09988.HK)$$BIDU-SW (09888.HK)$$CHINA MOBILE (00941.HK)$$AAC TECH (02018.HK)$

Reviewing this unusual price movement of Zijin Mining, the reaction from its associated warrants and bull contracts was extremely strong, fully demonstrating the explosive power of leverage tools. As early as January 9, 2026, when Zijin Mining showed clear abnormal activity, related derivatives experienced significant surges. $HS#ZIJINRC2611C.C (65598.HK)$ The increase reached 53% two days later, $BI#ZIJINRC2612A.C (66030.HK)$ And the increase hit as high as 54% two days later, nearly 10 times the 5.54% gain of the underlying stock during the same period; warrant performances were similarly impressive. $UBZIJIN@EC2604C.C (22176.HK)$ The increase was 35% over two days, $BIZIJIN@EC2604C.C (15329.HK)$ And the increase was 31% over two days, significantly outperforming the underlying stock. This sharp difference in gains vividly illustrates the leverage effect of warrants and bull contracts: when the underlying stock shows a clear upward trend, related call warrants and bull contracts amplify returns using leverage, allowing investors to achieve more substantial returns even during small rises in the underlying stock.

Breaking down the logic, the interaction between warrants and the underlying stock is straightforward: when the stock rises, call warrants and bull contracts follow suit, and the higher the leverage, the greater the potential rise. Conversely, when the stock falls, put warrants and bear contracts benefit. Specifically, in the case of Zijin Mining, the January 9th abnormal movement was a clear bullish signal, and choosing high-leverage call warrants or bull contracts at that time would precisely capture the leveraged returns from this upward movement. Key factors affecting warrant increases include the proximity of the strike price to the current stock price, leverage multiples, and implied volatility changes: the closer the strike price to the current stock price, the higher the leverage multiple, and the more stable or rising the implied volatility, the more sensitive the warrant response will be during stock anomalies, potentially leading to more prominent gains.

In light of the current market environment and Zijin Mining's performance, we have carefully selected two relatively high-quality products from the warrant pool for investors' reference:

First:$HUZIJIN@EC2605A.C (21437.HK)$The first has a leverage of 5.4 times and an exercise price of 48 yuan. Its core advantage is that both its premium and implied volatility are the lowest. In the context of current mixed bullish and bearish signals, a low premium means relatively lower risk, making it more suitable for cautious investors to position themselves.

Second:$BI#ZIJINRC2612A.C (66030.HK)$The second offers actual leverage as high as 6.3 times with a recovery price of 35 yuan and a relatively low premium. For aggressive investors optimistic about Zijin Mining breaking through resistance levels, this product may help capture greater returns using high leverage.

Recommendation:Investors who already hold related call warrants or bull contracts can set profit-taking levels based on their risk tolerance to avoid giving back gains due to short-term fluctuations. Investors who haven't entered yet are advised not to chase products with excessively high premiums. Low-premium, high-leverage, and stable implied volatility options offer better safety and value for money.

Finally, it must be emphasized thatIntraday volatility might be driven by short-term speculative capital flows. If Zijin Mining lacks sustained volume support, its stock price could experience oscillations or pullbacks, and corresponding warrants might also retreat at any time. Additionally, before investing in warrants or bull/bear certificates, always check key information such as real-time premium rates, trading volumes, exercise prices/recovery prices, etc., to avoid losses from blind investment.

Have you caught Zijin Mining’s recent surge driven by commodities? Between the two carefully selected products, do you prefer the low-premium call warrant or the high-leverage bull contract? Or do you think this rally will sustainably break through the resistance level of 41.7 yuan?Feel free to leave your thoughts in the comment section! Want more analysis? Don’t forget to follow ‘HK Stock Warrants Jenny’ for daily updates!

Disclaimer: This article does not constitute any investment advice.。

This article is for reference only and does not constitute any investment advice. The market data, opinions, and analysis contained herein may change at any time without prior notice. We shall not be liable for any loss or damage arising from reliance on the information in this article. Technical analysis merely indicates whether certain technical conditions are met; a comprehensive evaluation of asset performance should incorporate additional data. Trading decisions should not be based solely on the content of this article. Please note that past performance is not indicative of future results.

#Zijin Mining #Hong Kong Stock Movement #Warrants Real-time Analysis #Intraday Opportunities #Hong Kong Stock Warrants Jenny #Warrants Selection #Warrants Strategy #Derivatives Hedging #Commodity Price Increase #Hong Kong Resource Stocks

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