Part 7/10:
- Exercise or Sell Warrants: The process involves instructing your broker to exercise (convert warrants into stock) or sell before expiry to lock in gains.
Jay emphasizes that to exercise warrants, you must communicate with your broker, and the process can take a few weeks. If you choose to exercise, you need to pay the exercise price per warrant, which, combined with the number of warrants held, can specify your total outlay.
He also highlights that warrants can be sold at any time prior to expiry, allowing for profit-taking or risk management.