BHP 2.45% $46.52 bhp group limited

warrant help

  1. 83 Posts.
    just looking at some warrants on offer I noticed BHPWMV 10.50 put warrant 4;1 ratio currently trading at 28/29c. shouldn't this be about 38c?
    (10.50-9.00= 1.50/4=37.5c)
 
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Last trade - 16.10pm 18/06/2021 (20 minute delay) ?
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$46.52
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