To Simon Brown and NOT to these knuckleheads

[Preston]

Question relates to warrants -- MTN warrants (Call Warrant) Simon, If the delta is 56.94%, Conversion rate is 45 and expiry date is Aug 08. Exercise price is R125, currently MTN is trading at R120 If i bought 2000 call warrant (purely for learning the principle) it is correct to assume that i will gain exposure e.g 20 MTN Q1 If the price raises over R125, will the warrant automatically expire and MTN shares will be given to me? (what is the procedure?) Q2. Delta i assume is a weekly figure for warrants? Q3. Can you please ban Super Idego (just kidding on the last one)

[Preston]

???

[#3]

buttplug

[Preston]

Eish.

[mbk]

mofo

[Picky]

Preston, these were not the answers you were lookng for, perhaps another thread and start afresh

[Preston]

mbk ,hard at work http://www.stock-photography.co.za/stock-photography-wild-dogs-mating-kill.htm

[SimonPB]

preston, 2 mistakes you make. Firstly, the cover ratio, this is how many warrants you need for exposure to 1 underlying share. Secondly, you don't get the shares, you have the right to buy them at the strike price (or just sell the warrant back into the market).

[Preston]

Thanks Simon my friend. To all those knucklehead..Be my guess

[Preston]

Thanks Simon my friend. To all those knucklehead..Be my guest

[#11]

That would be "Be my guest" knobshop

[Preston]

Check 2nd thread..Master. No need to be mean. Have a SUPER Weekend.