So I have the option with the important info above. I am trying to generate a portfolio that represents the option.
However I am stuck on the first hurdle as I believe it is a call option as the product makes a profit only if the underlying share price rises above 121.35 to 145.50 and it is capped at the 145.50 price.
I believe the exercise price to be the 145.50
The maturity also seems confusing as I believe it to be the 28th November, starting on the 3rd, which is 211 working days which seems a bit random.
Is the issue price of 115.78 the cost of the option? as this seems quite high.
I think this means that if the share price falls or doesn't hit the capped level then at expiry it is worthless and will simply provide the share price at the time.
Basically is what I have said correct? Thanks.