GREY:RNKLF - Post by User
Comment by
Andrewskion May 11, 2020 2:42pm
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Post# 31013277
RE:RE:I am officially turned bull again
RE:RE:I am officially turned bull again0.50 strike and whenever last PP closed, I think September or October 2021.
Compared to buying shares you get exactly 3x leverage currently.
1 share 0.51, 3x 1 warrant 0.17 (0.51)
If SP moves 100% to $1.02 warrant will trade at 0.52+premium(0.05-0.10). 0.60x3 is $1.80 or 260%
if SP moves to 300% to $2.03 warrant will be $1.53 or $1.60 with premium. x3 is $4.80 or ~950%.
but adds more risk if SP stays flat or drops again. I’m currently ~255k shares and 150k warrants.