Category: Money tips Release Date: 2006-12-28
Maanshan Iron & Steel stake 1.265 billion copies of the warrants listed on Shanghai Stock Exchange trading today at an exercise price of 3.4 yuan, duration of 24 months, today's price of 1.13 yuan to the price limit-opened, after the opening bell to open limit-Ji Pi, the minimum transaction price of 0.99 yuan, an hour later, again, warrants the price limit-can be said that we miss the best time to buy, Maanshan Iron & Steel warrants have a high investment value.
Maanshan Iron and Steel shares in the past two years, the history of stock price volatility 42.6% Risk-free interest rate 2.52% can be obtained in order to stock price is currently calculated theoretical value of warrants Magang 0.93 yuan, Maanshan Iron & Steel warrants the current trading price of 1.13 yuan terms, hidden including fluctuation rate was 54%. Warrants Market warrants the average implied volatility of 133%, steel warrants implied volatility of 162%, 136% of Handan Iron & Steel warrants, warrants for 194% Baotou, Maanshan Iron and Steel Warrants listed today, even if the limit-price, the implied volatility rate is only 54%, the value can be said to be relatively undervalued, if the terms of today's low 0.99, the implied volatility rate was only 45.9%, this price is absolutely normal in the warrants market, not buy, but today they can be purchased as separate transactions Magang warrants are convertible delivery, and separation of listed trading convertible bonds is bound to attract a large number for the purpose of arbitrage funds, arbitrage funds in today's warrants will be listed on the concentration of arbitrage suppress the warrant price of the deal, which appears a good investment opportunity.
Implied volatility is a warrant investment in an important reference index can help you by comparing the implied volatility and historical volatility to do to determine if the implied volatility and historical volatility rate is relatively close, indicating that the risk warrants is relatively low. History of the current market price volatility warrants are generally between 30% -50%, while due to market speculation, most warrants implied volatility above 100%. Currently on the market implied volatility is less than 80% of the warrants is only three, one for today listed Maanshan Iron & Steel warrants, implied volatility of 54%; one of Wuliangye warrants, implied volatility 70%; the last one warrants the current implied volatility is only 53.19%, with a higher investment value. (Want to get our daily limit is expected to impact on short-term dark horse, immediately pick up the phone to send the contents of YXHA move to 2.9116 million, China Unicom to 9.9016 million, tariffs only 0.30 yuan / articles (not monthly), or call toll-free hotline :021-68865535, count on our team of experts and sincere service!)
