□ Our reporter Li Jianfeng
The expiring WISCO call and put warrants led the market down yesterday. Industry insiders believe that the sharp decline of these two doomsday round varieties is closely related to the little time value of warrants left.
Wuhan Iron & Steel 、 Angang Steel 、 Handan Steel All the positive shares fell to a large extent yesterday, falling 3.35%, 5.43% and 5.06% respectively. Affected by this, many steel warrants have gone out of the callback market. Anshan Iron and Steel and Handan Iron and Steel fell 7.00% and 5.73% respectively, and the WISCO warrants with only two trading days left fell 27.71%. The most thrilling variety undoubtedly belongs to the put warrant of WISCO, which is also the doomsday round. The variety plunged sharply in the late trading, with a decline of 62% throughout the day, and finally closed at 0.057 yuan, becoming another "fairy wheel" in the warrant market.
Analysts believe that the decline of WISCO warrants yesterday is certainly related to the pullback of regular shares, but the sharp decline of WISCO warrants and WISCO puts reflects the rapid decline of the time value of the last round varieties. Yesterday, Wuhan Iron & Steel The closing price was 3.17 yuan, while the warrant was 0.613 yuan, the latest exercise price was 2.62 yuan, the intrinsic value was 0.55 yuan, the put price of WISCO was 0.057 yuan, the latest exercise price was 2.83 yuan, and the intrinsic value was 0 yuan. Since there are only two trading days left for these two warrants, it is not surprising that their prices are rapidly approaching their intrinsic values.
