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Formula Value

A component of the value of a warrant (warrant value) that is measured as the difference between its underlying share...

Step-Up Warrant

A warrant that comes with an upward strike price reset mechanism effective within a limited period at a certain future...

ITM Warrant

An abbreviation for in-the-money warrant; a warrant whose exercise price is below the price of its underlying at a given...

You-Choose Warrant

A warrant with an embedded provision giving the purchaser the right to designate it as either a call or a...

Out-of-The-Money Warrant

A warrant whose exercise price exceeds the price of its underlying at a given point in time. In other words,...

Call Warrant

A warrant that gives its holder the right, without the obligation, to purchase the underlying asset (security) from the issuer...

As-You-Like Warrant

An option (or warrant) with an embedded provision giving the purchaser the right to designate it as either a call...

Hit Warrant

A barrier warrant that knock in (activates) or knocks out if the underlying (security, index, etc.) hits or passes through...

Trading Warrant

A warrant that allows the holder to buy (if a call warrant) or sell (if a put warrant) an underlying...

Single-Equity Warrant

A warrant that allows the holder to buy (if a call warrant) or sell (if a put warrant) an underlying...