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Sanrith Descartes

Sanrith Descartes

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Fogel said:
That's what I'm doing, currently have 100 shares in BFT, BTWN, and IPV
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Pre-merger, SPACs have a floor of a hair under $10 a share due to the invested money being held in escrow. Investing with a floor like that really limits your downside risk as long as you buy in right near that floor. After the merger and the cash leaves escrow the floor goes away. It is why most traders dump at the vote and take their profit.
 
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Sanrith Descartes

Sanrith Descartes

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Now that my PLTR calls are closed out I'm like...
To The Moon GIF by Crypto Marketing
 
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Jackie Treehorn

Jackie Treehorn

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Locnar said:
They've seemed to have been too good to be true if you get in close to 10. No real risk downside and very good chance it goes up a couple dollars while waiting for merger. Lets use them while the getting is good, I can't see how such a "sure thing" lasts long term.
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Yeah totally. Something has got to give eventually. It’s too easy at the moment.
 
Jackie Treehorn

Jackie Treehorn

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Sanrith Descartes said:
In my analysis, SPACs follow a very discernible share price pattern. If you play the pattern and dont get "too" greedy, you should do ok. With SPACs remember the golden rule...
Pigs get fat, hogs get slaughtered.
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Exactly my strategy. 😎

I’m like “ooh, easy $500, and you’re sold.”

Sometimes of course I miss out on it going up another couple of dollars but eh.
 
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Sanrith Descartes

Sanrith Descartes

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Speaking of ex-SPACs I wrote some HYLN puts on the 1/15 expiry at the $12.50 strike. Premium of 65 cents. It has never touched $12.50 since it merged.
 
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Fogel

Fogel

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Sanrith Descartes said:
Speaking of ex-SPACs I wrote some HYLN puts on the 1/15 expiry at the $12.50 strike. Premium of 65 cents. It has never touched $12.50 since it merged.
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Sold some too, thanks. Taking the option money from DIS and putting it back into SNAP and PINS until DIS cools back down a little
 
Fogel

Fogel

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Also sold some puts on VLDR 15 strike 1/18 expiry 1.30 premium

edit: was able to get 1.40
 
Sanrith Descartes

Sanrith Descartes

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Fogel said:
Also sold some puts on VLDR 15 strike 1/18 expiry 1.30 premium

edit: was able to get 1.40
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Be conscious of the $15 strike on VLDR. It has run below it a number of times. I prefer the $12.50 even though its less premium. Depending on the premium the $15 can be worth it even if it is assigned with a high enough premium.
 
Fogel

Fogel

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I think all the noise around LAZR will benefit it enough to keep it over 15 as more people try to duplicate the gains in other lidar companies
 
Sanrith Descartes

Sanrith Descartes

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Fogel said:
I think all the noise around LAZR will benefit it enough to keep it over 15 as more people try to duplicate the gains in other lidar companies
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Its possible. I am flipping back and forth between the 12.5 and the 15. I just dont think it has finished bleeding down yet.
 
Sanrith Descartes

Sanrith Descartes

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LAZR - 18% closed at $28.12

That face you made when you bought in at $48 a share...

sad the office GIF
 
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