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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (2250)	10/31/1998 9:13:00 PM
From: Moominoid	Respond to of 3339

I was thinking of buying index put warrants (options issued by banks and brokers and traded on our main stock market rather than the options exchange) and was looking at the prices. I noticed that for the same expiry date the warrant from Macquarie Bank (a local investment bank) seems to trade at a premium to those issued by Bankers Trust and Bank National de Paris. The exercise prices differ but the Macquarie one trades more expensive than the BNP one which has a higher strike and given the estimated delta from Macquarie would be at a premium to the BT one also. Is this an issuer risk premium? Any thoughts? David