Category: Money tips Release Date: 2007-05-06
Zhu Huacheng ZHENG day Quotes:
The Shanghai Composite Index advanced to the first two days of heavy volume at about 1650, after finishing today's show oscillating movements, Shanghai and Shenzhen-day total turnover 28.1 billion, up significantly reduced turnover volume. By the China Life A-share market will return to issue 1.5 billion A shares news of the morning session at once Tandi to 1640 points, but the afternoon in the real estate and other weight plates under the tape drive pick-up in the final red disk slightly to close at 1655.19 points. Affected by the impact of broad market weakness, warrants market was weak, only the power to subscribe for a long afternoon by the main due to financing concerns, which will eventually rise 0.64% of the red card at close. G Shennengyuan (Information Quotes Forum) released today, the deep to put the risk of expiring tips leading to the warrant today, all the way down to 8.12% decline in the final ranking first in all the warrants. Deep able to put and therefore fall into the premium rate of 12%. Also worth noting is that steel warrants to subscribe for, such as Baotou, Anshan subscription, Wuhan Iron and Steel subscription in both one hour before closing out of certain lower.
Baosteel price trend is a focus of concern to today's market, Baosteel shares it can stand around 4.25 yuan as investors, especially retail investors, whether or not the sexual activity of the right key. Semi-annual results are not particularly eye-catching Baosteel Baosteel not be here today writing a fantastic price, to close at 4:14 yuan, bringing the first due Baosteel Warrants (Information Quotes Forum) and Vanke (Information Quotes Forum) warrants are a waste paper Chang end their mission. Some agencies are expected today, likely to have the right to desire lines, Baosteel warrant is exercisable at a percentage of the total is not high.
Expectation of:
Today, after the broad market dip, was still able to recover and keep on running in the 1650 points, indicating a relatively strong market trend in the consolidation phase, but in view of starting ICBC, China Life Insurance returnees and other bad effects of the see-saw around 1650 points, is likely to continue for several days . Warrants Warrants investors should pay more attention to short-term the main round of the moving direction, Kuaijinkuaichu.
Quotes from today's point of view, between the warrant and the broader market until the price of seesaw effect is more than significant. The future warrants Warrants Market will continue to have close to maturity, so the market impact of warrants not be underestimated, investors choose varieties are particularly important. Recommend you to choose longer periods of time warrants and the market longer, but the smaller plate put warrants. Wuhan Iron and Steel to subscribe showed signs of a certain detached from the main funds, investors should pay close attention.
Appendix: Description and application of indicators of the intrinsic value: the intrinsic value of warrants = underlying stock price - the latest exercise price, if the underlying security price "= latest implementation of the price, then the intrinsic value of 0; put warrants the implementation of the intrinsic value = new value - the subject of equity prices, if the underlying security price "= latest implementation of the price, then the intrinsic value is 0.
Time Value: Time value = Warrant actual market price - intrinsic value, the price of any warrants are intrinsic value and time value and, investors can always calculate the intrinsic value, but the time value of warrants listed as the steady decline, so investors to warrants to determine price, should be noted that the right time, as the line approached, warrants the price is bound to keep close to intrinsic value.
Premium rates: premium rate is before the expiry of the warrants, is the percentage change in share prices need to be to warrant investors to play and to achieve the due date. Warrant the risk premium rate is a measure of the level of one of the data, the higher the premium, playing, and more was not easy.
Warrants a premium rate = [(exercise price + Call price / power ratio of line) / underlying prices of the securities
