SB AMS CCT Last Price: 8616c 8538c Move : 78c 116c Move% : +0.91% +1.38% Volume : 116 500 Value : R 9,995 R 44,700 Deals : 3 1 High : 8616c 8940c Low : 8616c 8940c Name : SB AMS R620CCT 1:1SEP09 Issuer : Standard Bank Underlying share : ANGLOPLAT Exercise Price : R 620.00 Expiry Date : 22 Sep 2009 Type : Share Instalment Conversion Ratio : 1.00 Delta : 36.61% Implied Volatility : 65.00% Gearing : 0.00 Weekly time decay (theta) : 0.00% Days To Expire : 292 Last Updated : 03 Dec 2008 With regard the above share. 1. Why is there no gearing ? I thought that instalments(not turbo) in general are a little under 2x gearing usually. 2. I also noted that the "Bid & Offer" column has never had many participants(2 at max) therefore the very few deals 3 and 1 respectively, is there not much liquidity in the instalment? I do remember that Standard Bank is the market maker so there shouldn't be any participants? Thanks
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