I wonder if there are any fans of covered warrants on here ?

Be a great place to exchange ideas on which covered warrants are potential plays as a longer term hedge,also possible straddle plays,and also ones that could perhaps be due for a sprint for rational reasons (and not wishful thinking !!).

Needless to say,no one should touch these unless they have read up on them and fully understand how risky they are.

(At www.warrants.com/uk you can get a free introductory guide by post .)

Anyway,should there be any fans here,pull up a chair as it were,and lets share some ideas over a frothy one !

WTP

long time since anyone.......

but lets have a go now to see if there is any interest.

just bought some sx77 - soc gen ftse 100 covered warrants, the call variety
strike price 6400 expiry 16/12/11 @10.94p

reason; its insurance-just in case this turns out to be a short term correction.
if that is so, then a bounce back to 5900-6000 could be quite rapid.
if, on the other hand, 5600 goes, then i'll be out....