RE:Warrants down sharply today.Warrants function similar to a 3 year call option. Because TRIP shares have been down for a while, people that may have got into warrants for quick flip (warrants and options attract traders because of the volatility and leverage) might now want out if they think the upward momentum is over. I don't think upward movement is over though, it is just on pause. But traders often sell first and ask questions later.
joe9904 wrote: I am not sure how ti interpret this but the warrants are down 21% + today. Any insights?