We find a small number of call warrants and a large proportion of put warrants behave eccentrically in interaction with the underlying stocks as well as the stock market indices.
2
之后,以穗机场认沽权证为例子进行定价研究,同时考虑了认沽权证前三个月不能行权对定价所造成的影响。
Then Guangzhou Airport Put warrant is taken as the example to study the pricing method, and also consider the condition that the warrant can't be executed in the first three months.
Under the round of bull market, all of the put warrants are out of money and impossible to exercise. Therefore, they cause no effects on underlying securities.