Subject: Re: OT Billion $ Vaccuums
Yup. Warrants are a lot cheaper than the longest dated ITM call option available. And better liquidity.
The June 2025 $30 call is currently quoted at $36/$38. Liquidity that far out is fairly poor, so you may have to pay $37.50. So your cost is $2 time value plus the foregone dividends.
There are no call options below $30 and none beyond June 2025.
The warrants give you a further two years and very low time value, usually $0.20 to $0.30.