The BNP Paribas Alibaba Group Holding ADR Warrant Call (Strike 130.00 USD, Maturity 20.03.2026) is a call warrant issued by BNP Paribas, providing leveraged exposure to the Alibaba Group Holding ADR, a leading global e-commerce and technology company. This derivative instrument grants the holder the right, but not the obligation, to buy the underlying Alibaba ADR at a fixed strike price of 130.00 USD, with a subscription ratio of 10 underlying shares per warrant, maturing on March 20, 2026. Key features include a high delta of approximately 0.95, indicating strong sensitivity to movements in the underlying asset's price, and an omega or effective leverage around 3.73 to 4.92, amplifying potential returns and risks relative to direct ownership. Traded in euros during extended hours from 08:00 to 22:00 Berlin time, it reflects the intrinsic value tied to the Alibaba ADR's current level, currently around 170 USD, minus time value considerations. As a structured product in the warrants market, it plays a vital role in offering investors flexible tools for bullish strategies on prominent tech equities like Alibaba, enhancing market liquidity and derivative trading opportunities.
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