HSX Forum

Playing & Trading Strategy

Difference between a Call option and an OW Warrant ?????

Posted by: nash151 on Jun 01, 03:48

Hi,

 

Sorry if this is stupid or already discussed, but what is the difference between a call option and an opening Weekend Warrant?

Let's take the example of today's simultaneous IPO of Super 8 OW and Super 8 - $40 Call.

The call will cash out (Box office Fri-Mon minus 40) and my net gain will be that amount minus $2 if I buy the call when it is launched (launch value).

The Warrant will cost me $40 to buy at IPO and will cash out, if I am correct, (Box office Fri-Mon minus 40) (exact same as call). Difference is I won't lose the $2 that I would lose on the Call.

So what is the point of getting the call when I can get the warrant where I can spare $2?

Thank you.





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The Odyssey H$115 Put (ODYSE.PU) 1000 2.00 (0.00)          Jaume Collet-Serra (JCSER) 1999 84.64 (+0.50)          The Odyssey - Opening Weekend (ODYSE.OW) 100000 115.00 (0.00)          Jaume Collet-Serra (JCSER) 1999 84.64 (+0.50)          The Odyssey - Opening Weekend (ODYSE.OW) 100000 115.00 (0.00)          The Odyssey - Opening Weekend (ODYSE.OW) 5000 115.00 (0.00)          Tramell Tillman (TTILL) 1999 146.58 (+0.30)          Wasteman (WASTE) 150000 0.03 (-0.06)          Tramell Tillman (TTILL) 2993 146.58 (+0.30)          Man of Tomorrow (SPMOT) 150000 267.42 (+1.05)          Stop! That! Train! (STTRN) 150000 4.52 (-0.38)          It Ends (ITNDS) 150000 5.66 (+0.33)          It Ends (ITNDS) 150000 5.66 (+0.33)          Heart Eyes 2 (HRTE2) 150000 21.23 (+0.35)          Heart Eyes 2 (HRTE2) 150000 21.23 (+0.35)          Ramayana (RAMAY) 150000 13.53 (+0.61)          Ramayana (RAMAY) 150000 13.53 (+0.61)          Drew Starkey (DSTAR) 6999 21.07 (-0.93)          Drew Starkey (DSTAR) 11999 21.07 (-0.93)          Vince Vaughn (VVAUG) 9995 33.91 (+0.25)          Vince Vaughn (VVAUG) 9995 33.91 (+0.25)          Amrum (AMRUM) 150000 0.10 (-0.02)          Vince Vaughn (VVAUG) 14999 33.91 (+0.25)          The Odyssey - Opening Weekend (ODYSE.OW) 70603 115.00 (0.00)          Bette Midler (BMIDL) 9995 43.14 (-0.16)          The Odyssey H$115 Call (ODYSE.CA) 25000 2.00 (0.00)          Bette Midler (BMIDL) 9995 43.14 (-0.16)          The Odyssey H$115 Call (ODYSE.CA) 25000 2.00 (0.00)          Bette Midler (BMIDL) 1999 43.14 (-0.16)          The Odyssey H$115 Put (ODYSE.PU) 25000 2.00 (0.00)          Baz Luhrmann (BLUHR) 6995 74.27 (+0.25)          Baz Luhrmann (BLUHR) 6995 74.27 (+0.25)          The Odyssey H$115 Call (ODYSE.CA) 25000 2.00 (0.00)          Baz Luhrmann (BLUHR) 999 74.27 (+0.25)          Iron Boy (IRONB) 150000 1.96 (-0.04)          The Odyssey - Opening Weekend (ODYSE.OW) 100000 115.00 (0.00)          The Comebacker (CMBAC) 2000 24.94 (+0.07)          Moana H$100 Call (MOAN1.CA) 25000 2.02 (-0.16)          Deathstroke & Bane (DSTRK) 150000 55.61 (-2.71)          Deathstroke & Bane (DSTRK) 100 55.61 (-2.71)          The Giant's House (TGNTH) 10000 2.15 (+0.01)          Metal Men (METAL) 4000 5.79 (+0.01)          The Teller (TELER) 20000 8.00 (0.00)          Hypno-Hustler (HYPHU) 6000 4.65 (+0.01)          Day Drinker (DRNKR) 150000 13.02 (+0.12)          Ink (INK) 2000 12.74 (+0.02)          The Odyssey H$115 Put (ODYSE.PU) 25000 2.00 (0.00)          The Odyssey - Opening Weekend (ODYSE.OW) 100000 115.00 (0.00)          Day Drinker (DRNKR) 150000 13.02 (+0.12)          Happy Death Day To Us (HDTH3) 4000 9.00 (+0.02)