The operation includes two turbo long certificates and two call options/warrants that have ONE shares as active support.
A call option is a contract that gives the owner the option, but not the requirement, to buy a specific underlying stock at a predetermined price (known as the “strike price”) within a certain time period (or “expiration”).
For this option to buy the stock, the call buyer pays a “premium” per share to the call seller.
Call option rights offer profit opportunities above average, but pose a high risk of total investment loss.
Turbos – also known as turbo warrants or turbo certificates – are leveraged securities. A turbo’s price tracks an underlying financial asset’s one-for-one, and you can use a turbo to go both long and short. One’s risk is capped, because each turbo trade has a built-in knock-out level and will terminate if this is hit.