best put warrants- xjo bhp cba, page-3

Minotaur, thanks for the information. I will watch BHP, RIO CBA. While I sold out of my warrants yesterday, I kept my share holding on RIO. I sold this morning with a nice profit too. Could you briefly explain to me how you arrive at the future warrant price. I figured you would look at the suport/resistance lines on the parent stock and look up warrant matrix, but I tried that and the matrixes are incomplete and not always accurate. I recall you saying that depending on the warrant you add one cents for every 10-12 cent movement on the parent stock. Is this what you do? I appreciate that you are busy today and will probably be keen to confirm a position for yourself for the next move down, but when you get some time, it would be appreciated if you could let me know.
I will watch depth to get confirmation of a move. The news and markets seem very bouyed at the moment and one could anticipate a possible positive move again tomorrow morning, but who really knows!
Good luck with your trade!