2024/08/16 17:29:33 | |
---|---|
Bid | Ask |
0.218 | 0.238 |
Difference | -2.24% (-0.01) |
Issuer | Erste Group Bank AG |
Product type | Warrants |
Currency | EUR |
Typ | CALL |
Exercise method | american |
Underlying | OMV |
Underlying price | 39.30 EUR |
Date | 2024/08/16 17:35:09 |
Strike | 38.0081 EUR |
Moneyness | At the money |
Implied volatility | 28.3551% |
Omega | 12.2587 |
Multiplier | 0.1052408 |
Maturity | 2024/09/20 |
Advantages | Risks you should be aware of |
|
|
From the value date onwards the certificates can be traded on each stock exchange day during trading hours. However, Erste Group Bank AG cannot guarantee the existence or maintenance of an active market throughout the entire life of the certificate. The issuer will, as a rule, continuously quote prices, but is not obligated to do so. Neither is the issuer obligated to redeem the certificates. During the life of the certificate its price will be significantly determined by the general development of interest rates, the fluctuations on the capital market, and the general economic scenario. |
2024/08/16 17:29:33 | |
---|---|
Bid | Ask |
0.218 | 0.238 |
Difference | -2.24% (-0.01) |
Issuer | Erste Group Bank AG |
Product type | Warrants |
Typ | CALL |
Exercise method | american |
Stock exchange | VIE, STU |
Underlying | OMV |
Underlying ISIN | AT0000743059 |
Underlying stock exchange | VIE |
Underlying currency | EUR |
Underlying price | 39.30 EUR |
Date | 2024/08/16 17:35:09 |
Strike | 38.0081 EUR |
Moneyness | At the money |
Implied volatility | 28.3551% |
Historical volatility 30 days | - |
Historical volatility 200 days | - |
Leverage | 17.38 |
Delta | 0.6761 |
Omega | 12.2587 |
Gamma | 0.0110 |
Vega | 0.0046 |
Theta | -0.0021 |
Rho | 0.0025 |
Multiplier | 0.1052408 |
Issue date | 2023/12/21 |
Start price product | 1.72 |
Maturity | 2024/09/20 |
First trading day | 2023/12/21 |
Last trading day | 2024/09/17 |
Quanto | no |
Currency | EUR |
What are warrants? Warrants offer investors the chance to benefit at a disproportionate degree (leveraged) from the performance of the underlying instrument. The investment in warrants requires less capital outlay than the direct investment in the underlying. Shares, currencies, interest rates, or commodities among others, can serve as underlying. Warrants transfer the right to the holder to buy (call options) or sell (put options) a specified amount of the underlying instrument during (American) or at the end of the life (European) of the warrant at a fixed price. The holder may exercise this right, but does not have to do so. In practice, the holder will tend not to exercise the right but to sell the warrant on the stock exchange or settle in cash. This is easier and more economical. The price of an warrant is composed of the intrinsic value and the time value. The difference between the price of the underlying and the strike price is equal to the intrinsic value. At the end of its life, the warrant expires and becomes worthless if the intrinsic value is zero or negative. The time value represents a sort of premium and depends on numerous factors. The remaining life of the warrant is a crucial factor. The longer it is, the higher is the probability that the underlying will rise (relevant for call options) or fall (relevant for put options), which in turn results in a higher time value. The time value decreases over the life of the warrant, and it does so more rapidly towards the end of the life than at the beginning. In addition, factors like interest rates, dividends (if the underlying is a share), and the volatility of the underlying affect the time value. How do call options work? Holders of a call option expect the price of the underlying instrument to rise. They acquire the right to buy the underlying, and in return they pay the so-called option premium. It makes economic sense to exercise the right when the underlying can be bought through the option at a lower price than on the stock exchange. For most call options, however, the underlying instrument is actually never physically bought and delivered; rather, settlement is in cash. This means that the value of the option is credited to the investor’s account. Investors benefit without limits from rising prices in the underlying. If the underlying records a negative performance, the maximum loss the investor will incur is the option premium he/she paid (i.e. total loss). |
Today open | 0.23 |
Today high | 0.23 |
Today low | 0.20 |
Close (previous day) | 0.22 |
Spread in % | 8.40 % |
Spread absolute | 0.02 |
Spread harmonised | 0.19 |
High price (52 weeks) | - |
Low price (52 weeks) | - |
Performance YTD in % | -32.83% |
Performance 1 month in % | -23.37% |
Performance 6 months in % | -21.48% |
Performance 1 year in % | - |
Performance 3 years in % | - |
Performance 5 years in % | - |
Performance since inception in % | -86.74% |
2024/08/16 17:29:33 | |
---|---|
Bid | Ask |
0.218 | 0.238 |
Difference | -2.24% (-0.01) |
Date: 2024/08/16 17:35:09 | |
---|---|
Underlying Quote | |
39.30 EUR | |
Difference | +0.31% (0.12) |
Name | OMV |
ISIN | - |
Stock exchange (underlying) | VIE |
Currency (underlying) | EUR |
Start value underlying | 39.0100 |
Price | 39.30 |
Time | 24/08/16 - 17:35:09 |
Change in % | 0.31% |
Today high | 39.44 |
Today low | 39.04 |
High price (52 weeks) | 48.14 |
Low price (52 weeks) | 36.30 |
Any information, material and services regarding financial instruments and securities provided by Erste Group Bank AG or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites”) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions (the “Interested Party“).
The publication and distribution of information as well as offering and selling of products and services described on the Websites is prohibited by law in some jurisdictions. For this reason, persons in countries in which the publication as well as the offering and selling of products and services described on the Websites are not permitted by law, must not enter the Websites and/or acquire the products displayed on the Websites.
Neither Erste Group nor any third party shall offer access to the Websites or offer the products to especially, but not limited to citizen/residents of the United States and “U.S. person” (as defined in Regulation S under the US Securities Act 1933 as amended). For this reason, the distribution or redistribution of the information, materials and products into United States or into any other jurisdiction where it is not permitted under the applicable law, as well as to the citizens/residents of these countries shall be prohibited. The securities displayed on the Websites have not been and will not be registered under the US Securities Act of 1933 and trading in the securities has not been approved for purposes of the US Commodities Exchange Act of 1936. For this reason the securities may, inter alia, not be offered, sold or delivered within the United States or, for the account and benefit of U.S. persons.
The Interested Party is solely responsible to examine, whether he may enter the Websites under the law applicable to it. Erste Group shall not be responsible for the distribution of content of any of the Websites to individuals or entities which provide false information about their right to enter the Websites. For this reason Erste Group shall not be liable for any legal claims or damages which may result from the unauthorized entering or reading of the Websites.
By agreeing to this hereto, the Interested Party confirms that
(i) It has read, understood and accepted this Information and the Disclaimer;
(ii) It informed itself about any possible legal restriction and warrants that it is not restricted or prohibited to enter the Websites according to any law applicable; and
(iii) It does not make available the contents of the Websites to any person who is not qualified by law to enter the Websites.