Core Viewpoint - Sunny Optical Technology (02382.HK) is experiencing a significant divergence in market evaluation following its announcement to consider spinning off its automotive business, with a potential for a short-term rebound despite recent stock price declines [1]. Group 1: Stock Performance and Market Sentiment - As of January 8, 2026, Sunny Optical's stock price closed at HKD 63.85, down 4.13% with a trading volume of HKD 1.311 billion, nearing the lower boundary of the Bollinger Bands [1]. - Major institutions, including Bank of America, Citigroup, and Morgan Stanley, maintain "Buy" or "Overweight" ratings with target prices ranging from HKD 90 to HKD 104, indicating optimism about the spin-off's potential to unlock value and accelerate growth [1]. - The latest stock price on January 9 is HKD 64.8, reflecting a rebound of 1.49% [1]. Group 2: Technical Analysis - Technical indicators suggest that Sunny Optical has entered a critical technical zone, with multiple signals indicating a potential short-term rebound [2]. - The current RSI value is at 41, with stochastic and CCI indicators showing "oversold" conditions, generating buy signals [2]. - Key resistance levels are identified at HKD 67 and HKD 70.4, while immediate support levels are at HKD 62.3 and HKD 59.6 [2]. Group 3: Derivative Products and Strategies - Recent history shows that derivative instruments have effectively captured or hedged against the downside risk of the underlying stock, with put options gaining approximately 5% during a recent decline [5]. - Investors are advised to consider call options with exercise prices around HKD 68 to 69, as these are deemed to have reasonable price ranges and align with technical resistance levels [7]. - For those concerned about market adjustments or seeking to hedge risks, put options like Huatai's with an exercise price of HKD 53.8 offer a high leverage of up to 6 times, although they are classified as deep out-of-the-money options [11].

Group 1 - The stock price of Sunny Optical Technology (02382) reached a high of 88.35 HKD, successfully breaking through key resistance levels at 81.79 HKD (10-day moving average) and 80.87 HKD (30-day moving average), indicating a bullish trend [1] - The Relative Strength Index (RSI) is at 61, suggesting it is not yet in the overbought territory, while other indicators like the stochastic oscillator and MACD are signaling buy opportunities [1] - The stock has shown significant volatility with a 5-day price fluctuation of 9.8%, presenting both opportunities and risks for short-term traders [2] Group 2 - Recent market performance of related products has been strong, with UBS warrants (64956) surging 40% in two days due to a 6.29% increase in the underlying stock, indicating investor optimism in the optical sector [4] - Current resistance levels for Sunny Optical are at 92.4 HKD and 93.9 HKD, while support is seen at 81 HKD, with potential downside to 79.2 HKD if the support is breached [2] - Investors are advised to consider various warrant strategies, with UBS call warrants (15320) offering a leverage of 5.6 times and a strike price of 95.93 HKD, suitable for those expecting further price increases [4][6]