daytrading may 3 afternoon, page-56

What do you mean McKagan ?

Not sure how much leverage they have built in, you can check the PDS but I never bother.

If I am long or short, I just search for one around that $1-2 region as you get a nice amount of leverage.

Too cheap and unleveraged and the XJO has to move too many points to make it worth it i.e some under $1.00 move 1 point for every 4 or 5 on the xjo, these are more ST than prop trades

Round these $1 and $2 levels they are almost a 1 for 1 move warrant / xjo.