Today, call warrants had a fantastic day. Amongst the top 20 stocks with the biggest volume, 8 of them are call warrants. Of the top 20 stocks with the highest percentage gain, 7 of them are call warrants. Of the total volume of stocks traded of 1.333 billion, 221 million were contributed by call warrants. The big question now is whether this increase can sustain.
From Table 1 below, I have tabulated the percentage gain of the call warrants vis-a-vis the percentage gain of the mother shares (from yesterday i.e. November 23 to today). You can see that the call warrants had gained 14.34% as compared to a gain of 1.54% for their mother share. That may worry many but if you look carefully you will see that the increase is not unusual. You can see that the average premium of the call warrants had only increased from 9.41% to 9.69%. The only thing that I am concerned with is the huge volume, which may lead to some overhang next week.
Table 1: Comparison of Call Warrants' changes, Mother shares' changes & Call Warrants' premium.
In addition, I have tabulated below the latest list of call warrants' intrinsic value & premium for your perusal. As usual, call warrants with premium below 10% are highlighted in yellow & the two earliest call warrants to expire i.e. Astro-CA & Scomi-CA have their expiry date highlighted in pink.
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