Warrants fascinating me :) I moved my money out of the A warrants and back to the regular warrants the last couple of days. Crazy to me how these do not trade in tandem. Now it would take a share price of over $23 for the A warrants to outperform the regular warrants (ignoring the extra year of time value)
Here's my spreadsheet after todays trading:
| | SSL SHARE Price | | SSL.WT Value | | SSL.WT.A Value | | SSL.WT.B Value | |
| No time value | $ 11.50 | | $ 1.70 | | $ 1.30 | | -$ 2.50 | |
| Market Prices | $ 11.50 | | $ 1.70 | | $ 1.53 | | $ 3.50 | |
| | | Future prices | |
| | SSL SHARE Price | % Gain | SSL.WT Value | % Gain | SSL.WT.A Value | % Gain | SSL.WT.B Value | % Gain |
| | $12.00 | 4.3% | $1.80 | 5.9% | $1.40 | -8.5% | -$2.00 | -157.1% |
| | $13.00 | 13.0% | $2.00 | 17.6% | $1.60 | 4.6% | -$1.00 | -128.6% |
| | $14.00 | 21.7% | $2.20 | 29.4% | $1.80 | 17.6% | $0.00 | -100.0% |
| | $15.00 | 30.4% | $2.40 | 41.2% | $2.00 | 30.7% | $1.00 | -71.4% |
| | $16.00 | 39.1% | $2.60 | 52.9% | $2.20 | 43.8% | $2.00 | -42.9% |
| | $17.00 | 47.8% | $2.80 | 64.7% | $2.40 | 56.9% | $3.00 | -14.3% |
| | $18.00 | 56.5% | $3.00 | 76.5% | $2.60 | 69.9% | $4.00 | 14.3% |
| | $19.00 | 65.2% | $3.20 | 88.2% | $2.80 | 83.0% | $5.00 | 42.9% |
| | $20.00 | 73.9% | $3.40 | 100.0% | $3.00 | 96.1% | $6.00 | 71.4% |
| | $21.00 | 82.6% | $3.60 | 111.8% | $3.20 | 109.2% | $7.00 | 100.0% |
| | $22.00 | 91.3% | $3.80 | 123.5% | $3.40 | 122.2% | $8.00 | 128.6% |
| | $23.00 | 100.0% | $4.00 | 135.3% | $3.60 | 135.3% | $9.00 | 157.1% |
| | $24.00 | 108.7% | $4.20 | 147.1% | $3.80 | 148.4% | $10.00 | 185.7% |