Warrant code: Each warrant has an unique 4-digit identification code, click click here for a more detailed explanation.
Warrant name: Each warrant has an assigned name. The name contains information about the warrant.
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Warrant code: Each warrant has an unique 4-digit identification code, click click here for a more detailed explanation.
Underlying: The stock or index over which the Warrant is listed.
???label.underlyingsymbol???: The stock or index over which the Warrant is listed.
Type: Calls increase in value as share price rises, Puts increase in value as share price falls.
Exercise price: The price at which you can buy (calls) or sell (puts) the underlying
share or index at expiry.
Strike: The price at which you can buy (calls) or sell (puts) the underlying
share or index at expiry.
Exercise ratio: The number of warrants that entitles you to one unit of the underlying share or index at expiry.
Warrant per share: The number of warrants that entitles you to one unit of the underlying share or index at expiry.
Last trading date: The last day to buy or sell the warrant. This date is always the 5th trading day prior to the expiry date.
Issuer: The Bank or Securities company that issues the Warrant.
Bid volume: The volume provided at the current highest bid price for the Warrant.
Bid price: The highest current buy price for the Warrant. This is the value that most accurately reflects the 'value' of the Warrant at any point in time.
???label.askprice???: The lowest current sell price of the Warrant.
Ask volume: The volume provided at the current lowest sell price for the Warrant.
Price change: Current bid price for the Warrant compared to the Prior (previous days close). The bid price of the Warrant 1 minute before close of trading at 5.00pm, will be used for the Prior. For more info click here.
Traded volume: Total volume traded in the Warrant for the current day. A Warrant that has not traded for the day does not necessarily mean that it is not liquid. click here for more info about Warrant and liquidity.
Implied volatility: The higher the implied volatility, the higher the price of the Warrant. Relates to the volatility and risk of the underlying share/Index. click here to learn more about implied volatility.
Moneyness: ITM (in-the-money), OTM (out-of-the-money), ATM (at-the-money). click here to learn more about moneyness.
Delta: Estimates how a warrant moves in relation to the underlying stock/index. Puts have negative deltas because their prices increase as the underlying stock/index falls. Note, if your warrant has a WPS that this will need to be taken into account.
Effective gearing: Indicates your leveraged exposure. An effective gearing of 5X tells you a 1% move in the underlying stock/index results in an approximate 5% move in your Warrant price. click here to learn more about effective gearing.
Prior: Best bid price at close of previous days trading.
Open: Best opening bid price for the day.
High: Highest best bid price for the day.
Low: Lowest best bid price for the day.
Last trade: Last executed trade price.
Volume: Total traded volume in the Warrant for the day.
???label.value???: Total traded value in the Warrant for the day.
???label.ceiling???: Maximum allowable price for the day, in accordance with KLSE guidelines.
???label.floor???: Minimum allowable price for the day, in accordance with KLSE guidelines.
Underlying price: The last traded price for the underlying shares.
Most recent trade date: The last date that the warrant recorded a trade. Note: Warrant do not trade every day, this has implications when calculating price changes. click here for more info.
Expiry: The date at which the warrant will expire.
Days to maturity: The number of days left until the expiry date of the warrant.
???label.dwpershare???: The number of warrants that entitles you to one unit of the underlying share or index at expiry.
WPS: The number of warrants that entitles you to one unit of the underlying share or index at expiry.
Delta per warrant: Delta/Warrant Per Share. click here to learn more about Delta per warrant.
Sensitivity: Shows you how much the underlying stock or index must move for your warrant to move one "tick" or "Spread". For warrants that cost less than $0.200, one tick is $0.001.
Break even price at expiry: If you are still holding the warrant at expiry, this is the price that the shares/index must exceed (fall below) for call (puts) for you to make a profit on your purchase price. click here here for a more detailed description.
Premium: Also refered to as the "Time Value of the Warrant. Note a higher premium could be due to the warrant being longer dated or due to the higher gearing. click here to learn more about premium.
Theta: The daily time decay of the warrant expressed in percentage terms. click here to learn more about Theta.
Intrinsic value per warrant: This is the difference between the exercise price and the current share price. For call warrant, if the exercise price is below the current share price it has intrinsic value, vice versa for puts. Please click here
Bid: The highest current buy price of the Warrant. This is the value that most accurately reflects the 'value' of the Warrant at any point in time.
Ask: The lowest current sell price for the Warrant.
Last: The last executed trade price for the Warrant. Be careful when refering to this as a reference price as Warrant do not trade as frequently as shares, this trade may have occurred some time ago.
Change: Current bid price for the Warrant compared to the Prior.
Exercise ratio: The conversion ratio (for stock DW) or the index multiplier (for index DW)
Inventory sold-out: Where the DW code has inventory sold-out sign it means that more than 95% of the DW inventory has been sold. This means that the market maker may no longer provide an offer price or have widened their offer spread. Existing holders of the DW are not disadvantaged and they can still sell to the market maker at a fair bid price. However please be very cautious if you are buying this DW. The price may be inflated by speculators.
Near expiry: Indicates DWs which are less than 1 month to expiry. These DW tend to be very high risk, please trade with caution.
Highest liquidity: Highlights the Macquarie DW in each underlying with the largest volume on the current bid and offer, indicating the highest liquidity. This is often also the most actively traded DW.
Hot warrants: The Hot warrants are selected by Macquarie as the daily trading tips for investors. The market maker will aim to provide high liquidity for these warrants and, if possible, will try (but is not obliged) to sell to investors queuing at the market maker’s best bid price.
Live matrix: Makes trading warrant easy by showing investors where our bid prices will be throughout the day
Responsive: Indicates the Warrants which are very responsive to share price movements (ie. with a sensitivity indicator less than 1.2). This is most relevant for short term investors that trade intra-day.
Put prices move in the opposite direction to the share price, for this reason the price matrices are the opposite to what you would find for a call warrant, where..
The offer price for the warrant is based on the bid price of the underlying
The bid price for the warrant is based on the offer price of the underlying
