Hey everyone, I was given a stock by a friend who works for the company. It does not trade options but does trade warrants. As far as I can tell, those are just like options, correct? So I bought some at $11.50 expiry 2023. If the stock does pop, is there any way to tell how much the warrants will go up? I have never bought warrants but am familiar with options. I may not want to hold these until expiration but do want to sell after a move. Just trying to see what I am doing here.
Warrants are priced like leaps but are harder to short and because you do not get a margin offset they can vary in price more than an option. Plug in the terms and the price, this will give you the delta https://www.optionseducation.org/toolsoptionquotes/optionscalculator