Warrant is a type of call option. It provides people with multiple choice in speculate behavior contain arbitrage and hedging. Traditional option pricing model was a complex theory, and had a lot of limitation and assumption wait for overcome. This study tries to use artificial neural network to build option-pricing model for warrant. In Black-Scholes pricing model, there was five variables impact the option price that we take to be the input variable in artificial neural network, both Back - Propagation Network (BPN) and Radial Basis Function Network (RBFN) are used. Base on the difference analysis, we find out another variable that can improve learning efficiency and affectivity. The reason why using NeuroFuzzy on warrants operation strategy and hedging position is that the hedging coefficient had fuzzy characteristic. However, NeuroFuzzy technology can take a turn for Artificial Neural Network can’t do.