Miss Zhang:
Why does the rise and fall of warrants sometimes exceed 10%? How is the rise and fall of warrants calculated?
Mr. Liu, Jiangxi
Mr. Liu:
The rise and fall of the warrant is limited by the absolute price of the rise and fall. The calculation formula is as follows: the rise (fall) price of the warrant=the closing price of the warrant on the previous day ± (the rise price of the underlying securities on the current day - the closing price of the underlying securities on the previous day) × 125% × the exercise ratio.
For example, the closing price of company A's warrant on a certain day is 4 yuan, and the closing price of company A's stock is 16 yuan. The shares of Company A can rise or fall by up to 10%, or 1.6 yuan, the next day; The warrant can rise or fall by (17.6-16) × 125%=2 yuan the next day, which can be converted into a rise/fall ratio of up to 50%.
Guotai Jun'an negotiable securities Jiujiang Business Department Xu Jixin
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.
