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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: koan who wrote (19028)8/24/2006 5:29:17 AM
From: tyc:>  Read Replies (2) of 78416
 
>>Now, say K goes to $1,000 a share...

As a warrant progresses deeper in-the-money, or as expiry approaches, the delta approaches 100%. When the delta is 100%, your idea of leverage is valid. But at the strike, where it is now, the delta is only ~50%.
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