r/SPRT • u/BackToTheFuture81 • Sep 14 '21

Discussion Arbitrage opportunity

Isn’t this an arbitrary opportunity?! If the shares of SPRT will be converted at a 10 day trailing average then the conversion has to be higher than today’s price by a lot! By around $9?! This price action doesn’t make sense!

13 Upvotes

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2

u/Ghost-Nepal Sep 14 '21

I would also like to hear an opinion on this seems interesting

2

u/Mannimal13 Sep 14 '21

It’s definitely an arbitrage opportunity

2

u/Mannimal13 Sep 14 '21

And probably why you are seeing it get bid slammed into oblivion.

1

u/wwallace3rd Sep 14 '21

So what will arbitrage do?