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Gold/Mining/Energy : Precious metal company Warrants

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To: LLCF who wrote (668)2/1/2009 9:50:09 PM
From: tyc:>  Read Replies (1) of 681
 
The delta of the warrant is 18%, and 18% of the stock price is .47c. So the warrant will move the same as 47c worth of stock. (It's just the way I use delta; the upside of the warrant = the upside of .47c of stock while delta is at this level. Black Scholes will probably show an even higher delta).

I guess this is just my personal way of assessing warrant leverage. I will not press the point further.
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