Gamma measures the change in Delta resulting from a change in the price of the Underlying of one unit. Mathematically, Gamma is the second differential of the Option or Warrant price with respect to the price of the Underlying. the value of gamma is at a maximum when the Strike Price is At-the-Money.
Gearing is the degree of extra exposure that Covered Warrants can give to an Underlying asset. Covered Warrants provide this Gearing by only requiring investors to commit a fraction of the price that it would cost to purchase the Underlying asset directly. For example, if an Underlying share price is USD 10, a covered Warrant issued on that share may be trading at USD 2. So an investor in that Warrant is gaining exposure to price movements in an asset worth USD 10 – gearing of five times.
The collective name for the sensitivities of Options or Warrants to various parameters. See Delta, Gamma, Theta, Vega, Rho.
GSL MINIs offer leveraged exposure to rising or falling markets. They are open-ended and are written on various underlyings. The embedded Guaranteed Stop Loss is set equal to the Strike Price.