请教一下，如何解读STI 3150 SGA EPW070427
Exercise Price 3150.0000
Premium -
52 Weeks High 0.395
Conversion Ratio 0.003
Implied Gearing -
52 Weeks Low 0.285
Expiry Date (Countdown) 27/04/2007 (70 days)
Simple Gearing -
Outstanding Warrants
是不是这样算，
(3150 - 到期日指数) * 0。003 = 到期日价格。
如果到期日指数 > 3150，则价值为0。
现在市场价0.275，如果不包括warrant的time value，这个价格相当于指数3060点？
[牛魔王 (2-15 10:52, Long long ago)]
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你在请教，我在学习：）
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诚心的同问！[树冷 (2-15 10:58, Long long ago)]
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yes .......the final price is right....but u have to kn the warrant's current price is added the time value and volatilities ......so the investor hard to take advantage from market maker, if u wanna hold warrant........
One suggestion: pls not using current price to value really market index without adding time value and volatility.....[TRChina (2-15 11:30, Long long ago)]
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Conversion Ratio 0.003333www.dbwarrants.com 有计算器和看它的supplemental doc， 一个类似股票招股书的东西[邓可 (2-15 12:39, Long long ago)] [ 传统版 | sForum ][登录后回复]4楼
is warrants a thing whose value depends on a price/index at certain time?before the deadline, you can sell the warrants out with current price, am I right?[fool (2-15 13:26, Long long ago)] [ 传统版 | sForum ][登录后回复]5楼
(引用 fool:is warrants a thing whose value depends on a price/index at certain time?before the deadline, you can sell the warrants out with...)PLEASE FIND MORE INFOR AT WWW.DBWARRANTS.COMTHEIR EDUCATION MATERIAL IS A MUST FOR NORMAL INVESTOR TO START
BUT
I SUGGEST NOT TO PLAY WARRANTS UNLESS YOU HAVE PLAYING UNDERLYING FOR LONG TIME AND YOU HAVE PLENTY OF FREE CASH AND YOU ARE GURU OF THE MARKET AND YOU IN THE END MAKE PROFIT IN UNDERLYING MARKET.
ppl simply lose all their profit from stock market to warrant market.
[一尘不染 (2-15 13:33, Long long ago)]
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i think the warrants here are expensive[邓可 (2-15 13:53, Long long ago)] [ 传统版 | sForum ][登录后回复]7楼
http://sg.warrants.com/singapore/en/sgdata/indicator.cgi?code=STSO_tu.SI
有此warrant的详细介绍。
请高人解释一哈神马是effective gearing，gearing，implied volatility，historical volatility，moneyness。
谢谢。[牛魔王 (2-15 17:59, Long long ago)]
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(引用 牛魔王:http://sg.warrants.com/singapore/en/sgdata/indicator.cgi?code=STSO_tu.SI 有此warrant的详细介绍。 请高人解释一哈神马是effective ...)那个dbwarrants 的网站里面有的[邓可 (2-15 18:10, Long long ago)] [ 传统版 | sForum ][登录后回复]9楼
昨天收盘是26c，今天指数跌了19点还是26c。难道一天的time value有19个点？
如果是这样，买warrant也太危险了吧。
[牛魔王 (2-16 10:21, Long long ago)]
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(引用 牛魔王:昨天收盘是26c，今天指数跌了19点还是26c。难道一天的time value有19个点？ 如果是这样，买warrant也太危险了吧。 )吾已经赚了指数25个点左右，这个warrant是差不多3个点换1c，理论上应该赚了8c了，为何事实上只有1.5c?[牛魔王 (2-16 10:39, Long long ago)] [ 传统版 | sForum ][登录后回复]11楼
(引用 牛魔王:吾已经赚了指数25个点左右，这个warrant是差不多3个点换1c，理论上应该赚了8c了，为何事实上只有1.5c?)Warrant closed at 5pm but STI closed at 5:05pm. You have to count this in.STI jumped 10+ points from 5pm to 5:05pm yesterday. And also, put warrants might be pushed high if people anticipated a drop in STI.[何足道 (2-16 10:50, Long long ago)] [ 传统版 | sForum ][登录后回复]12楼
(引用 牛魔王:吾已经赚了指数25个点左右，这个warrant是差不多3个点换1c，理论上应该赚了8c了，为何事实上只有1.5c?)becoz of the previous bull, this put warrant's volatility is super low.after several days big fall, you will see the effect. but , watch for several days continous fall and time decay first.
You can have a look at the Call warrant of STI.
If STI falls a little, the CW will down a lot, while the PW did not react too much.
That is the idea. Warrants prices compromising a lot of factors, that's why it isnot so easy to play. hehe. [一尘不染 (2-16 10:53, Long long ago)]
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(引用 一尘不染:becoz of the previous bull, this put warrant's volatility is super low.after several days big fall, you will see the effect. but...)another suggestion. PLease clear your warrant position before long weekend!it will drop significantly after next biz day because of the time decay![一尘不染 (2-16 10:54, Long long ago)] [ 传统版 | sForum ][登录后回复]14楼
必须算入时间价值.[xiaohu (2-16 20:41, Long long ago)] [ 传统版 | sForum ][登录后回复]15楼