Rembrandt Give us a quote on how many $ went long warrants & how many $'s went short warrants & it might mean something ..(as opposed to just volume) ..which on its own does not tell an observer much at all ..were they for eg 50 cent warrants for puts for eg & 0.5 cent a piece average for calls...we dont know(obviously) As a guide to smart money the options $'s spent on puts & calls would be much better than warrants ..BUT..the problem with options ..(unless u have fairly sophisticated software)..is its difficult to allocate what % of the calls or puts were actually..buy to open ..Vs ..sell to open..(not too mention deciphering the true nature of all the other less obvios combo trades that take place reguarly. So your mention of watching warrants traded could be useful as a best second option since option $/Vol bull Vs bar is not really feasible for small traders (yet). But ..an easy way of reading $'s traded in puts vs calls for the particular stock is neccessary Vs volume to make this data useful imo..fwiw
