Andrew,The HDRWMF gives you the right to buy at 150. However you...

Andrew,

The HDRWMF gives you the right to buy at 150. However you need 2 warrants to buy each share so with the warrants currently at 14cents, HDR would need to be 178 at expiry to break even (150 +(14 x 2)
That may or not happen but what most traders hope for is a fast runup in price that increases the value of the warrant so they can sell prior to the expiry date.

HDRWME is a better choice as it's currently deep in the money with a strike at 75. Because it is deep in the money (HDR 135 -75 strike = 60 /2 warrants) most of the value is intrinsic so it should move more or less in correlation to HDR, while providing increased leverage to HDR price.

However the leverage cuts both ways so if HDR loses say 20% of it's value tomorrow, HDRWME will lose 40-50%

So in the end you still need to be right with your stock picking only more so. :-))