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Post by trenddiver on Nov 11, 2014 13:54:46 GMT -5
The warrants MNKDW with Jan 16 exercise are selling at a discount to the MNKD share price. The all in cost by purchasing and exercising the warrant is $5.98 per share. The share price is currently at $6.08. You are able to buy at a discount and get the time value for free. This arbitrage probably won't last long.
Trend
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Post by babaoriley on Nov 11, 2014 16:41:39 GMT -5
Noticed that this morning when the stock was up about .20, but the warrants showed they were trading down a dime! The darn unpublished spread on the warrants remains a nightmare - I'm sure the warrant price was down cuz someone just had sold, and then popped back up when someone like you, Trend, bought. Still, that last price is still pretty darn cheap for the warrants, when you consider the amount of time left.
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