For example, the current price of Potash JTP1 is 4.5 yuan and the exercise price is 15.1 yuan, but the current price of the underlying security Salt Lake Potash (000792) is 43.66 yuan. By the start date of exercise, June 25, 2007, how could anyone be willing to sell at 15.1 yuan? Isn't Potash JTP1 already worthless? Judge the master to teach.
Now all the stock prices are more than one time of the exercise price of the put warrants. Anyone who wants to exercise will lose 50%, so the risk of the put warrants is too great. If you still have put warrants at the end of the last trading day, that means you have no money, because no one is exercising. Now, institutions and retail investors are trying to speculate on the put warrants to see who will short them. In the last few days, institutions will pull up the price of the put warrants so that those who want to short them can buy them. At this time, institutions will ship happily. See who will receive the last stick on the last day. At that time, the institution had already sold out the put warrants. I haven't seen on the Internet that the institution and fund still had the put warrants in their hands after the last trading day, because they had already sold out the warrants. They were counting money and stealing joy. Only retail investors who didn't understand this truth saw that the put warrants were getting lower and lower, Also want to fry short, make a little difference in the price kept coming in. However, the warrant will be less than 1 point by the closing, perhaps just a few cents.
