BeachOrCity
Full time employment: Posting here.
- Joined
- Jun 1, 2016
- Messages
- 895
I'd be interested to hear why you think Oxy warrants are undervalued?
When I purchased them early last week I got them for about a 2% or less premium to the in the money differential.
The warrants are good until 2027 and are @$22. I paid $26.33 for the warrants.
Stock was trading around 47/48 that day. It was less than $1 premium.
So basically I got 2x leverage for 5 years on this stock I am bullish on for almost no premium. (If it declines I get 2x the losses as well).
I suppose I could get that via margin as well at 3-4% per year, but I think the warrant was an exceptional value.
Bonus, it came out mr buffet bought alot more on Friday and oil prices surging. Good timing (luck) position is up over 30% already...but thats just luck so quickly.