Core Viewpoint - Xiaomi has recently launched the Redmi K 90 series smartphones and announced a new subsidy for electric vehicle purchases, indicating a strategic push to enhance product offerings and customer incentives amidst a challenging stock performance [1][3]. Product Launch and Pricing Strategy - The Redmi K 90 series smartphones were released on October 23, with prices ranging from 2,599 to 5,499 yuan, accompanied by promotional discounts and extended warranty offers [1]. - The company is expected to invest over 2 billion yuan in subsidies for electric vehicle purchases, targeting customers who place orders by the end of November and face delays due to manufacturer issues [1]. Stock Performance Analysis - Xiaomi's stock price closed at 45.92 yuan on October 24, down 1.75%, continuing a period of consolidation after a decline from nearly 60 yuan [1]. - The short-term support level is around 44.5 yuan, with potential downside to 40 yuan if this level is breached, while resistance is identified at 49.7 yuan, with a breakthrough potentially leading to a challenge of the 56 yuan high [1]. Technical Analysis - Technical indicators show a divergence, with a strong buy signal at a strength of 12, while moving averages also indicate buy signals; however, MACD and Bollinger Bands maintain sell signals, reflecting ongoing market volatility [3]. - The 5-day volatility is at 5.3%, indicating a tug-of-war between bullish and bearish sentiments [3]. Derivative Products - For bullish investors, HSBC call options (product code 16370) and UBS call options (product code 13630) are recommended, with leverage ratios of 3.4 and 3.1 respectively, offering controlled costs and low premiums [5][6]. - For bearish strategies, Bank of China put options (product code 14387) and Societe Generale put options (product code 14178) are highlighted, with leverage ratios of 3 and 3.3 respectively, suitable for those anticipating a price correction [5][6]. Market Sentiment and Discussion - The article invites readers to discuss whether the new product launches and tax subsidies can help Xiaomi's stock price break through the 49.7 yuan resistance, and whether to opt for high-leverage products or more stable options [7].