Turbo, leverage or knock-out certificate characteristics
In the "Full Quote" widget of a turbo, leverage or knock-out certificate, you find the following data in the "Characteristics" area:
Characteristics
Field | Description |
|---|---|
Security type | The security type of the certificate, for example, "Knock-out". |
| Type | The more precise classification of the certificate within the security type, for example, "Turbos". |
Type | "Long" or "Short". |
Strike price | The strike or exercise price of the instrument. |
Stop Loss | The stop-loss barrier of the instrument (if available). |
Company | The issuer of the instrument. |
Further statistics
Field | Description |
|---|---|
Leverage | The leverage of the certificate. The leverage shows how the certificate would behave on a purely calculated basis with a price change in the underlying instrument. However, this value is not particularly informative. |
Premium/ | The premium and the premium p. a. of the certificate. The premium is the percentage by which the subscription of the underlying instrument of the certificate is higher (that is, more expensive) than buying it directly on the stock exchange. The reverse applies to put options. The premium p.a. is the annualised premium. This value makes for a better comparison of leveraged products with different expiration dates. |
Intrinsic value | The internal value of the certificate. The intrinsic value of a certificate is the difference between the current share price and the strike price. It indicates the amount that would be achievable by exercising the instrument. |
Spread abs. | The absolute spread of the certificate at the trading venue selected. |
Spread rel. | The relative spread of the certificate at the trading venue selected. |