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Conversion Ratio? How to exercise the option?

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Not applicable
Monday I put in an order for a call warrant. It parially matched and I waited the entire day in the hope the rest would, but didn't. Anyway since I only like 10% of the total I wanted to buy I figured I'd just turn this into the underlying share. So... Would I be right in assuming total number of warrants being held divided by conversion ratio would give you how much of the underlying you would receive? And how is brokerage worked on that?
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2 REPLIES 2
SimonPB
Valued Contributor
yes, no brokerage, remember you have to pay for the stock still.
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Not applicable
Thanks, I forgot you had to actually buy the stock. Oh well it expires next year april/may so enough to time for another plan. Sorry about the main post, was typing fast, pathetic spelling lol
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