Warrant valuation

The "Warrant valuation" table contains all the standard key figures for options and warrants.

You can start the warrant valuation in the workspace of an underlying (for all warrants denominated in this underlying) or in the workspace of a folder or filter.

The details of the individual columns:

Column	Description
Name	The name of the option or warrant.
MMWKN	The MMWKN of the option or warrant.
Course	The course on the specified date.
Currency	The price of the warrant or option is quoted in this currency.
Course date	The date of the price fixing.
Underlying price	The price of the underlying.
Currency Underlying	The currency in which the underlying is quoted.
Price date Underlying	The date of the base rate determination.
Intrinsic value	The intrinsic value of the bill is the difference between the base price and the strike price. It indicates the amount that can be realized by exercising the option or warrant.
Inner value [%]	Percentage of the intrinsic value of the warrant or option.
Premium	The premium of the warrant or option. Percentage by which the purchase of the underlying via the warrant is more expensive than the direct purchase via the stock exchange. The reverse is also true for put options.
Premium p. a.	The premium is converted to one year in each case. This enables a better comparison of warrants with different maturities.
Lever	The leverage indicates how the warrant would behave in purely mathematical terms in the event of a change in the price of the underlying asset. However, this value is not very meaningful.
Effective leverage	The effective lever is a further development of the lever described above. The premium is also included here.
Fair price	The fair price according to the Black-Scholes model is displayed here.
Overvaluation	This is the percentage over- or undervaluation of the actual price compared to the fair price.
Break-Even	The break-even indicates the minimum or maximum price that the underlying asset must reach on the warrant's maturity date in order for the buyer of the warrant to make a profit by exercising it.
Basis volatility	The volatility of the underlying asset over the specified period.
Implied volatility	The volatility that the warrant actually assigns to a security. Assuming that the actual price is identical to the fair price, it is possible to calculate the volatility that should be applied to this price. This is referred to as implied volatility.
Combined volatility	The combined volatility is calculated as the weighted average of the base volatility and the implied volatility.
Last turnover	Number of shares traded on the last trading day.
Runtime	Exact term of the warrant.
Base price	The price agreed when concluding an option transaction at which the buyer can sell or buy the underlying asset again up to the option date (or on the exercise date) (also: Strike).
Bills: Shares	Subscription ratio of the warrant.
Annual high	Highest price of the warrant since the beginning of the year.
Low for the year	Lowest price of the warrant since the beginning of the year.
Security no.	The security number of the option or warrant.
WKN	The securities identification number of the option or warrant.