I like Polestar, and so I bought some shares. I’m an idiot, and accidentally bought shares of $PSNYW which is the warrant contract for Polestar. After realizing this, I went down the Warrant rabbit hole and see that they’re similar to options and therefore risky so I’ll probably just sell my position. Since I do like Polestar, I’m considering keeping some $PSNYW but I’m not sure if I got in at a good price.
-I bought in at .69/share and it’s now at .77/share(11.5% increase). During that time the common stock $PSNY has gone from $3.76/share to $4.8/share(27% increase).
-The strike for the warrant is $11.50/share and expires in June, 2027.
My question is, considering the warrant price compared to the common stock price at the time of purchase, did I get in at a solid price? Is that even how I should be viewing the quality of the price I got in at? Some insight would be much appreciated!
[link] [comments] https://www.reddit.com/r/stocks/comments/14wzsc0/psnyw_warrant_question/
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