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90 cents actually analysts bargain hunting Black-Scholes brokers Business buyer buying-in call warrant CapitaLand cent chance companies company's conversion ratio DBS Bank delta demand derivatives Deutsche Bank disclosure discount earnings ensure example exercise price expiry FairPrice figure futures contracts gearing greater hedge funds higher important in-the-money instance instrument interest intrinsic value investment issue issuers Keppel Corp known leverage look losing loss Macquarie Bank market price means months move NTUC Fairprice offer option price performance players possible premium price falls pricing model profit put warrants reason regulation rise risk risky sell seller SGX's share price shareholders short short selling short-selling Singapore Airlines Singapore Exchange SGX Singapore market ST Index stock market Straits Times Index structured warrants there's theta underlying asset underlying shares underwriters unit trusts volatility warrant trades warrant's price whistle-blowing