WELLIt sounds like there is some here that has never traded derivatives before.The first time i did and second,ext, i had my head handed to me,i leared very painfully that you have only so much TIME VALUE to make a decision to take a profit, with TCF.WT oh man 3 years ,do you know how much this costs to buy this much time on your option on future`s contract?This is why the TCF.WT`s are trading closer to the stock price,as we go up from here the warrants will rise about 20 ish cents from the TCF price, but the discrepancy will to the most part will be that the warrants have only 32 million shares .this will make it more volatile. PS + they are very tightly held to as you can see,this is going to happen to TCF even with all thouse shares , like my uncle said a long time ago, it does not matter HOW many shares there is out, it matters WHO owns them.