Excessively Swinging Arms or Elbows

[Fox40]

Always like to revisit certain topics and see how everyone is making this call. Rule 10-3 Art. 8g; Player Unsportsmanlike Technical Foul; Excessively swing his/her arm(s)or elbow(s)EVEN THOUGH THERE IS NO CONTACT WITH AN OPPONENT (emphasis mine).
Ok, there is no contact but A1, in your judgment,"excessively" swings his elbows to prevent from being tied up for a jump ball, BUT doesn't make contact with B1. This is the first time it happens in the game. Do you (1)blow the whistle and make the infamous "T" with your hands immediately, (2) ignore it then verbally warn the player at the next opportunity, (3)ignore it all together because of no contact. I know the temperment of the game, the player's attitude, etc. may be different in every case, but how would you normally treat this "by the rule T-Foul"?

Gary