A Hong Kong Stock Exchange disclosure published on Aug. 5 showed that Duan Yongping’s long position in Pop Mart, held through H&H International Investment, fell from 7.65% to 5.55% on July 30, a drop of 2.1 percentage points. Pop Mart said the change did not come from direct selling in the secondary market. Instead, it said the lower stake resulted from the settlement of options contracts and the delivery of shares under pre-agreed trading terms. A capital markets analyst cited in the report said the position change was closely tied to the price range Duan had set when selling put and call options. According to that explanation, the range was relatively narrow, making the move more consistent with a short-term trading action than what the public would usually view as an active reduction. The report linked the transaction to Duan’s well-known options premium strategy, in which he holds the underlying shares while selling options to collect premiums, then passively delivers or receives stock once the strike price is reached.
A Hong Kong Stock Exchange disclosure released on Aug. 5 showed that Duan Yongping’s long position in Pop Mart, held through H&H International Investment, dropped from 7.65% to 5.55% on July 30, a decline of 2.1 percentage points.
Pop Mart said the lower holding ratio was not the result of direct selling in the secondary market. The company said the change came from the settlement of options contracts, with the relevant shares delivered under the agreed trading terms.
A capital markets analyst cited in the report said the position change was closely linked to the price range Duan had previously set when selling put and call options. “The main issue was that the price range was set relatively narrow. It was a short-term trading action, not an active stake reduction in the way the public usually understands it,” the analyst said.
The report said this points to Duan’s signature options premium strategy: holding the underlying shares while selling options to collect premiums, then passively delivering or receiving stock when the share price reaches the strike price.
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