GLD-C1 Underlying Price Hits USD119.18

GLD-C1 underlying price hits USD119.18 and now GLD-C1 is done at RM0.27 is only 0.82% premium. GLD-C1 is issued by OSK and at the beginning the premium is at 15% so as warrant will lose the premium when it closing to maturity date. GLD-C1 will mature at 7 Apr 2010 so now the premium have drop to 0.82%.





















For me I only buy warrant with low premium so that any drop in premium will not eat back my profit. Now gold price still moving up and likely to hits new high before Christmas and likely correction may begin after that so they are still have room for gold price to move higher.
















GLD-C1 is a euro style warrant so warrant buyer can not exercise before maturity date and due to this the premium also will or may go into negative. To jump in into GLD-C1 at now will be a bit risky due to gold price is at high level but if already buy in early is better hold till next week because the gold price still have room to go up higher.