Pleeeeze advise - Calls vs. Puts

[MR_V]

Hi All. For the last 6 months or so I have traded Warrents quite merrily & made some nice profits (relative to my little portfolio). However, I've only traded ACs as I understand their principal. It's the EPs that I just can't get my head around. Can an EP be bought & traded just like the ACs - i.e. can I buy EPs today & sell tomorrow (purely illustratively speaking)? I wont be STUCK with it untill expiry? When researching / studying, it's this "exercise at ANY time for ACs vs. exercise ONLY at expiry for EPs" that has me confused. Please advise as i.m.o. the market is looking pretty "maxed out" at the moment so due for some pullbacks & just sitting waiting with cash for the next rally is driving me nuts. I'd rather ask a dumb question than go ahead & buy EP Contracts & end up stuck with a bunch of 1 cent'ers.

[SimonPB]

you can sell an EP or EC whenever you want ..

[Galuc]

While on warrants, am I understanding this correctly, since the warrant is issued against the underlying share by the issuer, when I placed a buy order only a portion of the order was honoured! Am I missing something here?

[bangbul]

Issuer only buy or sell certain prices in relation to underlying price. If only part of your order were met, the issuer's price were higher & someone ellse sold to you.