It is the premium rate of the Internet ETF 513150 in the on-site fund.

The premium rate refers to the percentage change in the price of the underlying stock before the warrant expires in order for warrant investors to realize a breakout on the expiration date.

The premium rate is one of the data that measures the risk of a warrant. The higher the premium rate, the more difficult it is to win.

The premium rate is an important indicator in warrant value analysis. It reflects the degree of deviation between the warrant price and its exercise price relative to the underlying stock price.

Warrants, as a right to buy or sell underlying stocks, have time value and theoretical value.

Therefore it can be used as an alternative to the underlying stock.

According to the law of one price, the price of warrants is closely linked to the price of the underlying stock.

At-the-money call warrants: Warrant yields fluctuate highly, and the premium rate is generally over 30%. Since warrants with low levels of inside and outside the money can easily turn into at-the-money warrants during the fluctuations of the underlying stock, these warrants have similar characteristics to at-the-money warrants.

Performance.

Here we study at-the-money warrants together with warrants that have a low degree of inside and outside the money, and collectively refer to this type of warrants as at-the-money warrants.

The standard is approximately within 20% of the price.

Performance of at-the-money put warrants: The premium rate is lower than that of deep out-of-the-money put warrants. As an at-the-money put warrant, its main performances include: Compared with other deep out-of-the-money put warrants, the premium rate of at-the-money put warrants is relatively low.

, its premium rate level is similar to that of at-the-money call warrants; compared with other deep out-of-the-money put warrants, the trend of at-the-money put warrants is relatively more strongly affected by the underlying stock, and its reverse movement is relatively obvious.

Since the premium rate itself is a relative value, it is a ratio of the holding cost of the warrant to the price of the underlying stock. It is usually a positive value, but in some special cases, it will become a negative value, which is the discount of the warrant.

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It is unscientific to determine the investment value of warrants simply by judging the premium rate.

Because the premium rate is a dynamic value, it changes simultaneously with the underlying stock price and the warrant price.

Therefore, when we use the premium rate, we must not only look at the premium rate without looking at the trend of the underlying stock.

First, we can use the premium rate channel to determine whether there will be an inflection point in the trend of the premium rate.

Once the premium rate touches or exceeds the premium rate channel, if the underlying stock does not rise or fall sharply, the premium rate will have a significant reverse movement.