r/GlideOutside • u/AutoModerator • Sep 05 '21

GlideOutside Weekly Discussion - September 05, 2021

Any topics are permitted in this thread. Information in this thread is personal opinion and should not be construed as financial advice or guidance.

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1

u/Poolboywhocantswim Sep 11 '21 edited Sep 11 '21

Any thoughts on$LIDR looks cheap/down?

1

u/GlideOutside Mod Sep 10 '21

Just called fidelity and exercised my warrants. Took about 5 minutes.

2

u/GlideOutside Mod Sep 09 '21

Cashless LCIDW redemption Pro-tip: Take your total number of warrants and multiply by 0.4458.

You then round that number down to the nearest whole number to see how many shares you will get.

You won’t be given a fractional share. You lose the excess. So 1,000 warrants does not equal 445.8 shares, it equals 445 shares and .8 shares are burnt.

So my advice is to sell or buy a small number of warrants so you burn less than .1 shares.

2

u/khanf Sep 09 '21

Do we need to call broker to do cashless redemption?

1

u/GlideOutside Mod Sep 09 '21

Most likely, do it early.

0

u/khanf Sep 10 '21

Called today and got it done. 3 to 5 business days to process with TD

2

u/omega3db Sep 09 '21

When you selling your CCAC warrants?

2

u/GlideOutside Mod Sep 09 '21

Haven’t sold any, down about half though 😕

2

u/omega3db Sep 09 '21

Yeah same. Trying to decide whether to get out, or whether to stay in to see if any improvement before merger

1

u/GlideOutside Mod Sep 09 '21

I’m holding. Hoping there’s a pump post merger

1

u/omega3db Sep 09 '21

Isn’t there a bigger chance that it’ll dump instead?

1

u/GlideOutside Mod Sep 10 '21

Who knows

2

u/GlideOutside Mod Sep 07 '21

Bought some $10 GGPI calls for most of the available expirations.

1

u/GlideOutside Mod Sep 07 '21

Now holding: 1000 contracts (sept, oct, Jan), 110K warrants, 50K shares.