SPAC & IPO Ideas

  • Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!



    Go here and give us your nominations!
    Who's been the biggest Asshat in the last year? Give us your worst ones!
Blazin

Blazin

Creative Title
<Nazi Janitors>
7,069
36,506
Does this count as living the SPAC life?

Capture.JPG
 
  • 1Like
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,080
122,649
Wrote my covered calls on KO for next week. Pushed them up to $52 strike. Drips and drabs.
 
Blazin

Blazin

Creative Title
<Nazi Janitors>
7,069
36,506
Sanrith Descartes said:
lol, $30 strike is ballsy. but $27.80 basis is like buying a normal SPAC at $13.90 which is a little higher than I prefer but not crazy. I am riding the $22.50 March expiry I got for $1.20.

You Betcha Anna Kendrick GIF
Click to expand...

It is but if I get the shares I'll immediately sell a call against them and will have a cost basis around ~$25. Things work in my favor through expiration I can have cost basis down to around $20 in March. Such I high IV leaves a good bit of flexibility.
 
Last edited:
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,080
122,649
Blazin said:
It is but if I get the shares I'll immediately sell a call against them and will have a cost basis around ~$25. Thinks work in my favor through expiration I can have cost basis down to around $20 in March. Such I high IV leaves a good bit of flexibility.
Click to expand...
Thats why you da man.
 
Araysar

Loser Araysar

Chief Russia Reporter. Stock Pals CEO. Head of AI.
<Gold Donor>
81,054
162,187
is Sam Zell's EQD planning on making money any time soon?
 
Jysin

Jysin

Ahn'Qiraj Raider
6,490
4,502
PSTH has held relatively flat at $30, even despite the market weakness. Feel I am never going to get my $25 entry opportunity to add again.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,080
122,649
Jysin said:
PSTH has held relatively flat at $30, even despite the market weakness. Feel I am never going to get my $25 entry opportunity to add again.
Click to expand...
Write the puts on it at 25 or 22 each dip. Its either free money or you get the stock near the Nav of $20. Go higher if you really want the stock. You could sell the $30 strike expiry in March for $4.15 premium. If it assigns it is basically buying the stock at $25.85.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,080
122,649
Sanrith Descartes said:
Write the puts on it at 25 or 22 each dip. Its either free money or you get the stock near the Nav of $20. Go higher if you really want the stock. You could sell the $30 strike expiry in March for $4.15 premium. If it assigns it is basically buying the stock at $25.85.
Click to expand...
Fogel Fogel So after I wrote this reply I started thinking about it. That March expiry $30 strike for $4.15 is amazing. If it gets assigned its effectively PSTH at $25.85 which is a normal SPAC at $12.92 a share. If they put out an announcement next week with the shareholder meeting this thing moons. If no announcement then take the shares and the premium. This looks like the play to make.
 
  • 2Like
Reactions: 1 users
Fogel

Fogel

Mr. Poopybutthole
13,322
52,792
Sanrith Descartes said:
Fogel Fogel So after I wrote this reply I started thinking about it. That March expiry $30 strike for $4.15 is amazing. If it gets assigned its effectively PSTH at $25.85 which is a normal SPAC at $12.92 a share. If they put out an announcement next week with the shareholder meeting this thing moons. If no announcement then take the shares and the premium. This looks like the play to make.
Click to expand...
I'm in, I better get my tendies!
 
  • 1Like
Reactions: 1 user
You must log in or register to reply here.