Ok...I am still in the reading and learning stage of derivatives so may be missing something obvious. Volume in MAYWGR is far greater than MAYWGG. WGF has an exercise price of $5.75 with the warrant trading around 1c at a ratio of 3:1. WGG has an exercise price of $5.25 with the warrant trading around 3.5c at a ratio of 3:1. WGF expires 27 June whilst WGG is 29 August.
Time decay is in favour of WGG, price with price of warrant included is in favour of WGG. What am I missing?
I don't hold either but thinking about one or the other depending on openning tomorrow.
Any thoughts are most appreciated.
cheers
SYB Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held