Core Viewpoint - Meituan's stock price is currently experiencing volatility around the 100 yuan mark, indicating a fierce battle between bulls and bears in the market [1][3]. Technical Analysis - The stock price is within a critical range, with short-term moving averages MA10 at 101.79 yuan, MA30 at 101.06 yuan, and MA60 at 103.14 yuan, suggesting potential resistance to upward movement [1]. - The RSI indicator is at 48, indicating a neutral position without overbought or oversold signals, while other oscillators like ADX and MACD suggest a buy signal, reflecting accumulating momentum [1]. - Short-term support levels are at 96.8 yuan and 93.5 yuan, with potential further downside if these levels are breached; resistance levels are at 103.2 yuan and 106.5 yuan, which could open up rebound opportunities if surpassed [3]. Market Sentiment - The market shows a slight optimism with a 55% probability of upward movement, but investors are advised to assess the overall market conditions carefully [3]. - Recent performance of derivatives indicates strong gains in put options and bear certificates when Meituan's stock declines, showcasing the leverage effect of these instruments when trend predictions are accurate [3]. Derivative Products - Recommended call options include Societe Generale's call option 20106 with a leverage of 6.9 times and a strike price of 108.98 yuan, suitable for investors expecting a rebound while controlling costs [6]. - For bearish views, UBS's put option 18354 offers a leverage of 4.4 times with a strike price of 99.94 yuan, providing effective downside risk hedging [6]. - In the bull and bear certificate segment, JPMorgan's bull certificate 56319 has a recovery price set at 93 yuan with a high leverage of 9.8 times, appealing to investors optimistic about Meituan maintaining support [8].