Gamma indicates the extent to which the delta of an option or warrant changes when the underlying instrument moves by a given amount. Gamma is one of the dynamic coefficients associated with options.
Guarantee certificate
In the case of a guarantee certificate, the issuer ensures the partial or complete repayment of the invested capital. As compensation for this high degree of security, the value of guarantee certificates often has a disproportionately low correlation to price increases in the underlying instrument as compared to a direct investment.
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