Yeah, that’s because there is a lot of volatility and a tiny bit more risk vs options, and probably less liquid market for them. You could pony up the $11.50 and redeem the warrant for stock, and then sell the stock and buy leap options if you want to buy potential upside from today’s price… or hold the stock and sell options for the income. Or some other variation on the theme. You could even theoretically sell options against your warrant but your brokerage may want full collateral.
Usual caveats I am not an investment advisor and give no specific investment advice just talking through hypotheticals as I see them. I have no stake in this and don’t plan to.
I was actually weighing those options - LEAPS are always pricey.
The DWACW (warrants) trade on average volume of about 620,000