Aug. 19 at 11:38 AM
$OPEN Opendoor’s SEC filing says the Series Z warrants have a
$17 exercise price and expire around Nov. 20, 2026, unless early expiration rules are triggered. These warrants were issued as part of Opendoor’s “shareholder-first” warrant dividend, meant to let shareholders participate if the company’s stock recovers strongly.
OPENZ has no real value unless you believe OPEN can eventually get near or above
$17. With OPEN around
$3.36 OPENZ is far out-of-the-money right now. So this is mostly speculation, momentum, and time value, not guaranteed value.
OPENZ is running because traders are chasing upside leverage on OPEN. It can fly fast, but it can also drop just as fast. OPENZ is more like a lottery-style momentum instrument than a normal stock.