|
Yesterday, Baosteel's warrants fell by 15.43%, revealing the sharp volatility of warrants. Before investing in warrants, investors should also consider the risk of decline. So, if the warrant continues to decline, what will its limit price be?
The decline price of the warrant=the closing price of the warrant on the previous day - (the closing price of the underlying securities on the previous day - the decline price of the underlying securities on the current day) × 125% × the exercise ratio. According to this formula, the down limit price of Baosteel warrants yesterday was 1.112 yuan, and today's up and down limit prices were 1.967 yuan and 0.852 yuan respectively.
Yesterday's limit price=1.666 - (4.43-3.987) × 125% × 1=1.112 yuan
Today's limit price=1.409 - (4.46-4.014) × 125% × 1=0.8515 yuan
Today's ceiling price=1.409 ＋ (4.906-4.46) × 125% × 1=1.967 yuan
Wang Jie
Sina statement: The content of this article is purely the author's personal view, only for investors' reference, and does not constitute investment advice. Investors operate accordingly at their own risk.
| 
