Terry,
I haven’t specifically looked at the detail of CitiWarrants but in terms of warrants in general best to google as its quite complicated.
Put simply...
“There are two different types of warrants: a call warrant and a put warrant. A call warrant represents a specific number of shares that can be purchased from the issuer at a specific price, on or before a certain date. A put warrant represents a certain amount of equity that can be sold back to the issuer at a specified price, on or before a stated date.”
They are used for hedging and speculative investments, but depending which side of the trade you are on you may have to by or sell a stock in order to cover your position. It is not something that Joe Average does.
Terry,I haven’t specifically looked at the detail of...
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