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What's a Warrant?

A Warrant is a contract that gives you the right to buy or sell a certain asset at a certain price, called the Strike price, on a certain date. There are two types of contracts: calls grant the right to buy the asset, and puts grant the right to sell the asset. An investor who has a call benefits from an increase in the price of the asset, and profits if, on the date of exercising the call, the price of the asset is above the strike price. Vice versa for a put.