RE:Bargain: N.WT.A valued at 88c Yes, n.wt.a is valued at .88 due to its expiry in Oct 2023. It has a greater time value However, both n.wt and n.wt.a have the same strike price and n.wt is cheaper. You can argue that the time value for n.wt.a makes it more expensive. Your exercise price will be the cost you paid for the warrant plus exercise price. The risk you assume is that this stock will not reach $3.15 by Feb 2020 when n.wt expires. Which you may also say diminishes its value hence the cheaper price.