These are basically just options and options trade at all kinds of strikes all of the time. They don't even seem to be trading at particularly high prices, base

These are basically just options and options trade at all kinds of strikes all of the time. They don't even seem to be trading at particularly high prices, based on this quote: Julius Baer sold the securities with the largest trading volumes, two put warrants with strikes of $35 and $30 on the Scoach exchange in Zurich. Investors traded 402,000 contracts yesterday valued at $335,780 of the former and 603,000 warrants for $322,620 of the latter, data compiled by Bloomberg show. Nothing to see here, really.