immagine del profilo
The OS has its valuation date on 17.04, i.e. just under a month.
The closer the valuation date comes, the lower the price movements will be when it is well out of the money.

Perhaps the video will help you a little further
https://youtu.be/Ig4RaFlrcs4?si=epQ-Y0B0swAKkA_Q
1
immagine del profilo
@Der_Dividenden_Monteur I was aware of that. And the price movements then take place so abruptly? I had imagined it to be more continuous with the visual curve illustrations.
immagine del profilo
@Aktien-Joe no, because it is far out of the money.
This is different with knock-out certificates, as the leverage changes.

If RWE were now above €34, you would probably see more price movement.
immagine del profilo
@Der_Dividenden_Monteur okey - I'll have to think about it more carefully. The topic of in / on / out of the money and the effect on the price of the OS doesn't seem to be fully understood by me yet. Thank you :)
1