Warrant Formula

http://www.osk188.com/spots.jsp?name=help_warrant

About Warrant Formula Field Name Description Code ►  Stock Code Name ►  Warrant Name  Ref Price ►  Reference Price.  ►  The warrant’s last done price Strike ►  The price at which an option may be exercised Underlying ►  The mother share’s price Gearing ►  A measure of how much the call warrant should outperform or under-perform the underlying share over a very       short period of time.                                                                 Effective Gearing = Gearing delta ►  A gearing of 10 times and a delta of 0.50 would equate to an effective gearing of 5 times, which implies that every       RM1.00 exposure in a call warrant could equate to an effective exposure of RM5.00 in the underlying share. Prem (%) ►  Premium (%).  ►  Measures the amount (in %) the underlying share price has to move at expiry date for the investor to break even.                Premium   =   (Call warrant price + Exercise price) - Underlying share price                                                                        Underlying share price  ►  Positif- Value in Green     negative - Value in Red Maturity Date ►  Expiry Date.  ►  It is the day until which the call warrants can be exercised (American-style), or the day on which the call warrants       can be exercised (European-style). Remaining Days           ►  Maturity Date - Current Date Und/ Strike (%) ►  If the value is > 100% display in Green to denote IN the money ►  If the value is <= 100% display in Red to denote OUTof the money I.V ►  Implied Volatility.  ►  A measure of an underlying share’s expected volatility as reflected by the market price of the call warrants on that       underlying share using an appropriate model. It reflects the market expectations of future volatility in the share price.       An implied volatility of 30% means that the market expected variation of the share price movements is +30% to -30%,       on an annualized basis. ►  All things being equal, generally, the higher the implied volatility, the higher the call warrant price.  The concept of       implied volatility is not applicable for Zero-strike call warrants. H.V 90D ►  Historical Volatility for 90 days. Delta ►  The relationship between the expected change in the call warrant price and the corresponding change in the       underlying share price.                                                      Delta =         Change in the call warrant price                                                                       Change in the underlying share price  ►  A delta of 0.50 implies that if the value of the underlying share changes by RM0.10, then the value of the call       warrant should change by RM0.05. Zero-strike call warrants have a delta of 1. Gamma ►  The rate of change in the delta of an option for a small change in the underlying. The rate of change is greatest       when an option is at-the-money and decreases as the price of the underlying moves further away from the strike       price in either direction. A long gamma position is one in which a trader is long options. For a position that is short       gamma, the opposite holds. Vega ►  Meas7ures the change in an option’s price caused by changes in volatility. Vega is at its highest when an option       is at-the-money. It decreases the more the market and strike prices diverge. Theta 7D ►  Theta 7 days.►  This measures the effect on an option’s price of a one-day decrease in the time to expiration. The more the market       and strike prices diverge, the less effect theta has on a vanilla option’s price. Isuuer ►  The issuer of the SW. In-the-money ►  A call warrant is in-the-money when the underlying share price is above the exercise price of the call warrant,     i.e. the call warrant has intrinsic value. Out-of-the-money ►  A call warrant is out-of-the-money when the underlying share price is below the exercise price of the call     warrant i.e. the call warrant does not have any intrinsic value.

Stocks to watch: - Plantations, banks, Bolton, Gamuda, WCT

Stocks to watch: - Plantations, banks, Bolton, Gamuda, WCT

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IOI 2Q net profit surges 174%, declares 7 sen dividend

IOI 2Q net profit surges 174%, declares 7 sen dividend

Market Review - Trouble in Europe.

The FBM KLCI lost 2 points to 1265 points yesterday, weighed

down by Hong Leong Bank, AMMB, CIMB, MISC and Genting. Regional bourses were

weaker, with the Hang Seng Index falling by 1.8% while European bourses lost 2%-3%

on concerns over the sovereign debt of a few EU nations. The Dow suffered a 268-

point decline and is now at the 10,000-point mark. Today’s news headlines: Kwantas

buys 1,360 hectares of oil palm estate in Sabah for RM83.8m, KNM’s MD in

collaboration with 2 other parties offers to buy up the entire business and undertakings

of the company at RM0.90 per share, MISC forms a JV company with Al-Hilal Shipping

Agency to act as its exclusive shipping agent in the UAE, Zecon enters a JV to

undertake oil & gas services and supplies business, while Mudajaya wins a RM241.3m

job to design and construct Boulevard Plaza in Putrajaya. We expect the FBM KLCI to

retest the critical support at 1256 pts

Daily Market Outlook - MBB

MAYBANK INVESTMENT BANK BERHAD  

Results Review
DiGi.Com RM22.10: Sell
- Braced for a hyper-competitive 2010?
Positioned for yield.   After bravely negotiating a year of introducing its 3G network during an economic recession, DiGi should profit from its expanded offerings in a probably more benign economy in 2010. Active capital management will offer gross dividend yields of over 9% p.a. but only 6% p.a. net profit growth over 2010-11.

Technicals
The FBM KLCI rose 3.39 points to close at 1,267.15. Its resistance areas at 1,267 and 1,290 will cap market gains, whilst the significantly weaker support areas for the FBM KLCI are located at 1,253 and 1,265. Due to the Dow’s decline of 26.30 points, we expect the FBM KLCI to remain unstable to lower today. Our stock pick for today is a technical “TAKE PROFIT” call for SIME.

Other Local News
AirAsia: AirAsia X Signs MRO deal with Lufthansa Technik Philippines
EON Cap: Changes imminent in board
IGB: Said to be in talks to sell Ampwalk
Iris: JV wins RM260m Bangladesh job
L&G: Plans to launch RM1.5b projects this year
Metro Kajang: Proposes 1-for-20 bonus issue
Petronas: Shamsul appointed as new chief
Sime Darby, Ramunia: Delays Teluk Ramunia acquisition/disposal

Outside Malaysia
U.S: Service industries grow at slower pace than forecast in January
U.S: Companies cut 22,000 jobs in January, fewest in two years, ADP says
U.S: MBA mortgage applications index increased last week  
E.U: Backs Greek deficit plan; Papandreou offers cuts
U.K: Nationwide consumer confidence rose in January
China: Sells 1st 10-year debt of 2010 at lower yields  

WELCOME TO THE 188STOCKGAME

Welcome to the 188StockGame. Here’s your chance to experience the stock market without risk. Manage $100,000 in game money. Place your trades wisely.

How to play the game

With $100,000 in game money, begin building your stocks portfolio or investment strategy. How do you want to make more money? Will you be a speculator? Buying and selling aggressively to increase your margins? Or will you take full advantage of OSK188.com’s charting tools and take on the fundamentalist approach? Or perhaps combine a set of strategies, utilising analysis tools and listening to the beat and heat of the market at the same time. Choose your moves well.

You make game orders in the Game Trading Room. There’s a game order pad beneath the real time prices display.

Click on any stock in the Game Trading Room and then click on the Chart button to get historical chart data. Explore the other buttons to find out what they do.

Important notes:

	All game orders will be matched according to actual transactions on the KLSE market. This means that if you make a game order to buy 20 lots of a particular stock, the game order will be matched to actual buy transactions for that stock within the same session. (more details)
	Game trading orders can be executed from 8.00pm (previous day) to 12.30pm (the next day) for morning session. Afternoon session orders can be executed from 1.00pm to 5.00pm. No orders can be submitted from 12.30pm to 1.00pm and from 5.00pm to 8.00pm. (more details)
	Corporate actions such as bonus issues, dividends and rights exercise of any stock will not affect players’ holdings of the stock even though the price per share may fall. Players are advised not to hold on to stocks that are pending such corporate actions.(more details)
	Upon the expiry of warrants and loans rights, such stocks will be struck off from the Game Trading Room and players holding such stocks will automatically lose their value in game money. (more details)