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长电、宝钢权证的最大区别是长电的权证执行后稀释股本而宝钢执行后股本不变,导致两者的定价方式也不同。长电权证的执行价格远低于目前的股价,权证的delta接进1,权证理论价格的绝对变动幅度和股价相差不大,而宝钢权证delta远小于1,权证理论价格的绝对变动幅度小于股价绝对变动
The biggest difference between the long-power and Baosteel warrants is the dilution of the long-term equity after the execution of the warrants and the unchanged share capital after the implementation of Baosteel, resulting in different pricing methods. The implementation price of long warrant is much lower than the current share price, warrant delta access 1, Warrants theoretical price of the absolute fluctuation range and the stock price is not much difference, and Baosteel warrants delta far less than 1, Warrants theoretical price absolute change range less than the stock price Absolute change