Posted by passerby > 2013-05-08 18:32 | Report Abuse

Maturity Date 10/01/2014
Exercise/Strike/Conversion Price MYR 9.4000
Exercise/ Conversion Ratio 10:1

Posted by kcchongnz > 2013-05-08 20:12 | Report Abuse

I don't know why you choose the worst of the call warrants of Maybank.

Warrant Price Ex-Price Ex-Ratio Expiry date Premium Gearing
C1 0.125 9.40 10.00 10/01/2014 4.82% 8.13
CW 0.205 9.000 5.000 30/09/2013 -1.33% 9.91
CY 0.335 8.900 4.000 28/02/2014 0.79% 7.58
CZ 0.200 9.000 6.000 21/03/2014 0.39% 8.47

Gearing are all about the same. C1 has the highest premium. Just compare C1 with CY. CY has a longer expiry date. Why buy C1 which has a much higher premium of 4.8% compared to 0.8% of CY?

Posted by passerby > 2013-05-08 20:21 | Report Abuse

when it is a mad bull running....all the other parameters are not important to me, i'll just pick the least cost of entry per unit price

funny right? that is my habit and i'm sure some traders will exhibit the same habit as mine as well

bull run, close one eye, select the cheapest entry per unit price that is C1. that matter most to me :)

secondly, I observe C1 have a sufficient bid volume & the bid spread range is quite tight not wide. easy to cut loss if underlying not performing

Posted by passerby > 2013-05-08 20:24 | Report Abuse

wanna highlight here, i haven't try any KIBB CW before, this might be the my first attempt, lol

Posted by kcchongnz > 2013-05-08 20:43 | Report Abuse

Well you have your way. More important is if you are comfortable with it. Yeah, it is very strange to me and I cannot comprehend. I doubt C1 is liquid too. Market maker KIBB? I thought it is one of the worst.

Posted by passerby > 2013-05-08 21:01 | Report Abuse

the worst so far i tried...ambank...:(. KIBB haven't tried so cannot comment much

Posted by passerby > 2013-05-08 21:58 | Report Abuse

i know it is quite hard to accept but that is what punters are expecting.

did you play any DRB Hicom CWs before or observe their movement before earlier last year? When DRB surged, all the CWs were fried accordingly until one level, the punters felt the entry price no longer affordable psychologically. But the underlying keep surging, what they do ? they swarmed the CWs with the least price per unit regardless its parameters.

strange right? it happened, not only one occasion but many occasions. I experienced the same for GenS-CWs when Gens surging from from SGD 1.4 to SGD 2.2 few years back. the punters swarming the least entry cost per unit & ignored all other parameters

it is weird but that is what i'm expecting the punters to behave when Maybank keep surging until CW,CY & CZ are perceived as out of reach psychologically

just watch, if they are going to repeat what i witnessed before :)

*provided Maybank keep surging...

Posted by RedEagle > 2020-05-26 10:18 | Report Abuse

Decide after announce Q2 then wait until Q3, buyback after Q4.. 2020 will be losses to all banking and financial institutions. Monoratorium Impairment comminggg..