--- type: "Academy" title: "Sp — 结构化产品" locale: "en" inLanguage: "en" url: "https://longbridge.com/en/academy/sp.md" parent: "https://longbridge.com/en/academy.md" category_slug: "sp" count: 20 datetime: "2026-08-07T20:17:07.412Z" workTranslation: - inLanguage: "zh-CN" url: "https://longbridge.com/zh-CN/academy/sp.md" - inLanguage: "zh-HK" url: "https://longbridge.com/zh-HK/academy/sp.md" --- # Sp — 结构化产品 > Analyze opportunities and risks in the market - [Derivative Warrant Screener: Your Complete Guide to Finding the Right Products Fast](https://longbridge.com/en/academy/100731.md) Learn to use a warrants screener to progressively narrow choices with five key criteria, helping you quickly pinpoint, from thousands of warrants, the instruments that match your investment objectives - [Warrants Market Risk Explained: How Systemic Risk Can Impact Your Investments](https://longbridge.com/en/academy/100730.md) Warrants are high‑leverage derivatives; systemic shocks can move their prices far more than equities. This guide explains the key market risks every warrant investor must grasp—and how to manage them. - [Warrant Technical Analysis: A Practical Guide to Applying RSI and MACD Indicators](https://longbridge.com/en/academy/100729.md) RSI and MACD are two core tools in warrant technical analysis. Master their mechanics, signal interpretation and combined use, alongside time value and implied volatility, to build a more comprehensiv - [Event-Driven Warrants Trading: How to Position Warrant Strategies Around M&A Themes](https://longbridge.com/en/academy/100709.md) This article shows how to use the leverage of warrants to execute event-driven trades around M&A news, and sets out the main risk drivers and key warrant-selection criteria. - [Bull/Bear Warrants Selection Guide: How the Call Price Distance Impacts Risk and Return](https://longbridge.com/en/academy/100666.md) Distance to a CBBC's call level affects both the leverage multiple and the risk of a Mandatory Call Event (MCE). This article explains how call distance works and key considerations across different t - [Warrant Capital Management: The Definitive Guide to Position Sizing Principles](https://longbridge.com/en/academy/100682.md) Warrants are highly leveraged and volatile; position sizing is essential to cap any single loss. This article reviews key capital-management rules—and where they fall short. - [Derivative Warrants: A Beginner’s Guide](https://longbridge.com/en/academy/100678.md) Warrants are leveraged derivatives in Hong Kong. This guide explains call and put mechanics, four key pricing drivers, and selection criteria to help you build a solid foundation in warrant investing. - [CBBC Street Holdings Distribution: A Key Indicator of Market Sentiment](https://longbridge.com/en/academy/100660.md) Summary: The CBBC outstanding distribution chart is a reference for gauging market sentiment. It analyzes heavy-position zones, bull-bear ratios, the mandatory call mechanism, and the significance and - [Warrant Hedging Strategies: Using Put Warrants to Reduce Portfolio Risk](https://longbridge.com/en/academy/100656.md) Derivative-warrant hedging isn’t complex. Using put warrants as a base, this article explains delta calculations, hedge ratios, cost control, and the risks hedging can’t remove. - [Top 10 Common Beginner Mistakes in Warrants: A Must-Read Guide for New Investors to Avoid Costly Pitfalls](https://longbridge.com/en/academy/100648.md) Warrant 101: Ten rookie mistakes—time decay, implied volatility, effective gearing, street float ratio and more—so you can clearly distinguish warrants from stocks. - [Short-Term Trading in Derivative Warrants: The Definitive Guide to Intraday Trading Techniques](https://longbridge.com/en/academy/100611.md) Intraday warrant trading hinges on three metrics—delta, implied volatility and time to expiry. This article explains each, highlights common technical entry signals, and sets out disciplined stop-loss - [Understanding Warrant “Zero-Value” Risk: Why a Warrant’s Value May Fall to Zero at Expiry](https://longbridge.com/en/academy/100615.md) Warrants can expire worthless, wiping out your entire principal. This article breaks down three key reasons warrants go to zero and highlights essential risk-management considerations. - [When to Trade Derivative Warrants: A Market Rhythm Perspective](https://longbridge.com/en/academy/100616.md) Timing warrant trades hinges on three factors: trading hours, market trend, and implied volatility. This article shows how each drives warrant prices—and the key risks investors must weigh. - [Last-Day Warrants Explained: The Risks and Mechanics of Near-Expiry Derivative Warrants](https://longbridge.com/en/academy/100617.md) Expiry-day warrants are highly volatile, but rapid time decay, liquidity risk and complex settlement mechanics can cause substantial losses. This article examines their risk profile and common market - [Decoding Warrant Leverage: Gearing vs Effective Gearing](https://longbridge.com/en/academy/100623.md) Derivative warrants have two leverage indicators: gearing (capital efficiency) and effective gearing (price sensitivity). Understanding their formulas and limits helps you assess a warrant’s risk prof - [CBBC Call Price: A Comprehensive Guide to Calculating the Break-even Point](https://longbridge.com/en/academy/100628.md) Call/put CBBCs’ Call Price and Break-even Point are core concepts to master before investing. This article explains the formulas step by step and uses hypothetical examples to show how to calculate re - [Earnings Season Warrants Strategy: A Complete Guide to Trading on Earnings Expectations](https://longbridge.com/en/academy/100632.md) Earnings-season warrant strategies hinge on three factors: the earnings-surprise thesis, implied-volatility crush (IV crush), and warrant selection terms. This article unpacks these mechanics and the - [A Comprehensive Guide to Callable Bull/Bear Contracts: In-Depth Analysis of the Mandatory Call Mechanism](https://longbridge.com/en/academy/100007.md) Callable bull/bear contracts are popular leveraged tools among Hong Kong investors, but their mandatory knockout feature deters many beginners. This article clearly explains how the mechanism works an - [The Complete Guide to Derivative Warrant Investing: Understanding Call and Put Warrants and Managing Risk](https://longbridge.com/en/academy/100259.md) Derivative warrants are a widely used leveraged product among Hong Kong investors. This article offers an in-depth look at call and put warrants, key pricing drivers, time decay, and practical risk ma - [Derivative Warrant Selection Strategies: The Complete Guide to Moneyness and Maturity Matching](https://longbridge.com/en/academy/100483.md) Warrant selection hinges on the right mix of strike and tenor. This article demystifies in/out-of-the-money, explains implied volatility and effective gearing, and helps investors align terms with the [Load more courses →](https://longbridge.com/en/academy/sp.md?tail_mark=100483)