OSK is offering 3 new PUT WARRANTS on Axiata Group Berhad (AXIATA-HA: RM0.15), Genting Malaysia Berhad (GENM-HA: RM0.15) and IOI Corporation Berhad (IOICORP-HA: RM0.15) and 1 new call warrant on Genting International Plc (GENS-C2: RM0.15) today, 30 Sep 2009 by way of market-making, no initial placement will be made and tentatively listed on 1 Oct 2009.
What is the different between Put Warrants and Call Warrants?
Call Warrants - A call warrant is the right to buy a share at a predetermined price.
Put Warrants - A put warrant offers a similar opportunity to call warrants, except that your profits are related to the share price falling rather than rising.
What are the principal terms in a Call/Put Warrant?
Issuer
Underlying Asset (e.g. share, a basket of shares, or an index)
Warrant Type (i.e. Call or Put)
Warrant Style (e.g. European or American)
Exercise Price (or Strike Price)
Expiry Date
Entitlement or Conversion Ratio (e.g. 1 warrant entitles to 1 share)
Settlement Method (i.e. either physical settled or cash settled) and
Warrant Price (from which values for Premium, Gearing, Implied volatility, Delta, etc. are derived)
More on how to calculate premium: http://nexttrade.blogspot.com/2009/10/put-warrants-is-it-right-time-to-look.html