RE:Patchh; what are the requirements if the warrantsI see where they can B called - Early.. Can they call these @ a loss... probably not w majors holding..
this rversal is something new -2- this trader...
Murdick Capp did a SNAP a couple weeks ago.. i hav a few warrants.. opened the board on monday/tue and these wts are up 153% @ the bell..
i.e. Open @ o.60 - Strike on Stok is 11.5.. Close of bell the Wt is 2.83$ and the stock never goes over 11.3 --- open was aroound 10.25$..
something like 35M traded hands w a 4000% increase in volume..
these were American Warrants - kinda rare from where i trade; rather common in mining..
my - self ! STOK HAS BEEN THROTTLED... these Wts are a great cause to keep in the corrall..
in the case of Murdick.. the warrants are trading/today - around - 3.25 w the stok trading around 13.5 and a strike on the warrants ! 11.5$...
in theory - the warrants on a NCU reversal could B above the intrinsic value & beyond the strike price..
i hold Jan 22 and June 22
as to warrants - kind like forex.. a small subculture in quasi bonds w no set % maturinty..
they are traded on the US Exchanges -