Sb123321
Oct 2, 3:59 PM
$BCTX BCTXZ warrants are priced at a vol of 150%, BCTXL warrants are priced at a vol of 50%. Really doesn't make any sense. You need to buy 10 to convert the BCTXZ into 1 share at a cost of
$2.70 (
$0.27*10) or buy the lower strike longer life option BCTXL at
$1.20. Why are people wasting their money. Do they not understand the conversion terms? If I could gaurantee that I could borrow the XZ (for term) it would be a great arb.
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