I've traded warrants with some success and thought I'd try ETO's but I'm having problems with liquidity.
For instance I would like to buy an NCM June 08 2589 option. It is listed but there are no buyers or sellers. I could buy an NCM June 08 2600 warrant for about $10 at the moment. And be able to sell it when I want.
I don't understand how ETO's work. Aren't there market makers to make sure there is a market? I can see that there is some liquidity for short dated options but most of them are not very liquid for over about 3 months.
Do ETO's have any advantages over warrants?
Thanks for any help.