VW-Put & Underlying right next to each other

Easy to recognize that they aren't moving 100% syncronal to each other by the leverage of 2 as in the information about the warrant mentioned.A Derivative haves the habit to get in move while larger changes of the underlying,not necessarily 1:1 X leverage.
My particular choice,the introduced VW Wave unlimited Put is in fact over average sensitive and quite easy to estimate.:)