Piksu option calculator home FAQ
OMX 19.11.2008 (change % / closing price):    UPM1V: -8.14% / 10.05EUR    STERV: -8.9% / 5.94EUR    NOK1V: 1.63% / 10.6EUR    MEO1V: -7.07% / 9.2EUR    WRT1V: -6.62% / 15.8EUR    RTRKS: -6.35% / 10.33EUR    OUT1V: -4.16% / 6.68EUR    NRE1V: -5.38% / 8.26EUR    FUM1V: -2.63% / 15.89EUR    NDA1V: -6.8% / 5.62EUR    YTY1V: -5.61% / 3.7EUR    SAMAS: -2.51% / 13.23EUR    ALN1V: 9.15% / 6.2EUR    NES1V: -3.93% / 10.5EUR    SUY1V: 12.9% / 0.7EUR    HUH1V: -7.13% / 4.82EUR    TIE1V: -5.78% / 8.32EUR    KCR1V: -4.97% / 10.71EUR    KNEBV: -1.77% / 14.4EUR    KRA1V: -3.92% / 5.88EUR <     Piksu20 index: -0.2%
Instructions:
1. Fill in the green input fields
2. Wait about one second
3. Results are printed on the yellow fields 		              




Security price:
Stocks:
Options:
Strike price:
Days to expiration:
Interest rate (%):
Security volatility (%):
Put option value:
Call option value:
Hints for using the calculator:
  • See also precalculated values for some HEX derivativesWarranttien arvoja
  • You can find the price of the target stock in stock exchange web sites or other sites that retail stock data
  • Stocks data you can find from the option data sheet. For example, in EQ warrant site you can see that YIT 2002D warrant "Kerroin" is 0,25 : 1 meaning you can have four stocks for one option. In this case you would put number four into this field. Never use values smaller than 1
  • Options data is needed typically in case of an option where more than one option is needed to get one stock. Put into this field the number of options needed to get one stock. For example, in the EQ web site warrant data for NOK7O16E16.00R.2NRD item "Kerroin" is 5 : 1 so you put number 5 into the field. Never use values smaller than 1
  • Option strike price is the price to be paid when warrant holder exercises the warrant i.e buys or sells the target security
  • Interest rate used should be around medium term market interest rates e.g 12 months interest rate
  • Volatility reflects the amount of changes in the security price. The HEX security volatilities can be found e.g. in theKauppalehtifinance web site (section "ANALYYSIT"). You might use 12 months volatility in case more suitable value is not available. In case you have no idea about the volatility of a security you might use e.g. value of 30% as the volatility of many securities seems to be between 20% and 35%
Piksu option calculator is based on Black-Scholes formula. You can find detailed information about its derivation and application from wikipediaBlack Scholes article. Many employy stock options tend to trade close to the theorethical values given by Black-Scholes formula whereas warrants issues by banks and securities firms tend to be trading much higher.
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Piksu™                                                   No trading decisions are to be made based on these calculations. We dont assume any responsibility for correctness or suitability of these calculation for any purpose.