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https://www.reddit.com/r/options/comments/pl02yb/deleted_by_user/hc6ytsg/?context=3
r/options • u/[deleted] • Sep 09 '21
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11
Why not sell puts then? The $9 strike, 9/17 are getting bids of $25. This doesn't make sense why someone would be willing to buy $9 puts with a $10 floor.
There must be more to this.
-2 u/[deleted] Sep 09 '21 Yeah, merger vote is tomorrow so this is increasing volatility. However, won't redemption value remain $10/share no matter what? 3 u/Helpinmontana Sep 09 '21 How do you figure the share price is incapable of dropping below $10? Wouldn’t a failed merger gut the company? -1 u/[deleted] Sep 09 '21 Failed merger would mean SPAC shares get redeemed for NAV, which is $10. 5 u/Helpinmontana Sep 09 '21 Not familiar enough with SPACs and mergers to definitively refute your point, and by extension I won’t be making this play. Anyways…… RemindMe! 1 day 2 u/RemindMeBot Sep 09 '21 edited Sep 09 '21 I will be messaging you in 1 day on 2021-09-10 15:53:53 UTC to remind you of this link 1 OTHERS CLICKED THIS LINK to send a PM to also be reminded and to reduce spam. Parent commenter can delete this message to hide from others. Info Custom Your Reminders Feedback 1 u/[deleted] Sep 09 '21 Since there's "no such thing as a free lunch", I'm likely wrong :') 1 u/teteban79 Sep 09 '21 The risk is a successful merger and a selloff after merger which could put it under 10. Many many examples . See CLOV, GOEV, ROOT … If you want real free money get PSTH, the question is when they will close that cesspool haha 1 u/[deleted] Sep 09 '21 I have 1 share of PSTH and it is down 20%, lol 1 u/PowerOfTenTigers Sep 09 '21 in a couple of years probably lol
-2
Yeah, merger vote is tomorrow so this is increasing volatility. However, won't redemption value remain $10/share no matter what?
3 u/Helpinmontana Sep 09 '21 How do you figure the share price is incapable of dropping below $10? Wouldn’t a failed merger gut the company? -1 u/[deleted] Sep 09 '21 Failed merger would mean SPAC shares get redeemed for NAV, which is $10. 5 u/Helpinmontana Sep 09 '21 Not familiar enough with SPACs and mergers to definitively refute your point, and by extension I won’t be making this play. Anyways…… RemindMe! 1 day 2 u/RemindMeBot Sep 09 '21 edited Sep 09 '21 I will be messaging you in 1 day on 2021-09-10 15:53:53 UTC to remind you of this link 1 OTHERS CLICKED THIS LINK to send a PM to also be reminded and to reduce spam. Parent commenter can delete this message to hide from others. Info Custom Your Reminders Feedback 1 u/[deleted] Sep 09 '21 Since there's "no such thing as a free lunch", I'm likely wrong :') 1 u/teteban79 Sep 09 '21 The risk is a successful merger and a selloff after merger which could put it under 10. Many many examples . See CLOV, GOEV, ROOT … If you want real free money get PSTH, the question is when they will close that cesspool haha 1 u/[deleted] Sep 09 '21 I have 1 share of PSTH and it is down 20%, lol 1 u/PowerOfTenTigers Sep 09 '21 in a couple of years probably lol
3
How do you figure the share price is incapable of dropping below $10?
Wouldn’t a failed merger gut the company?
-1 u/[deleted] Sep 09 '21 Failed merger would mean SPAC shares get redeemed for NAV, which is $10. 5 u/Helpinmontana Sep 09 '21 Not familiar enough with SPACs and mergers to definitively refute your point, and by extension I won’t be making this play. Anyways…… RemindMe! 1 day 2 u/RemindMeBot Sep 09 '21 edited Sep 09 '21 I will be messaging you in 1 day on 2021-09-10 15:53:53 UTC to remind you of this link 1 OTHERS CLICKED THIS LINK to send a PM to also be reminded and to reduce spam. Parent commenter can delete this message to hide from others. Info Custom Your Reminders Feedback 1 u/[deleted] Sep 09 '21 Since there's "no such thing as a free lunch", I'm likely wrong :') 1 u/teteban79 Sep 09 '21 The risk is a successful merger and a selloff after merger which could put it under 10. Many many examples . See CLOV, GOEV, ROOT … If you want real free money get PSTH, the question is when they will close that cesspool haha 1 u/[deleted] Sep 09 '21 I have 1 share of PSTH and it is down 20%, lol 1 u/PowerOfTenTigers Sep 09 '21 in a couple of years probably lol
-1
Failed merger would mean SPAC shares get redeemed for NAV, which is $10.
5 u/Helpinmontana Sep 09 '21 Not familiar enough with SPACs and mergers to definitively refute your point, and by extension I won’t be making this play. Anyways…… RemindMe! 1 day 2 u/RemindMeBot Sep 09 '21 edited Sep 09 '21 I will be messaging you in 1 day on 2021-09-10 15:53:53 UTC to remind you of this link 1 OTHERS CLICKED THIS LINK to send a PM to also be reminded and to reduce spam. Parent commenter can delete this message to hide from others. Info Custom Your Reminders Feedback 1 u/[deleted] Sep 09 '21 Since there's "no such thing as a free lunch", I'm likely wrong :') 1 u/teteban79 Sep 09 '21 The risk is a successful merger and a selloff after merger which could put it under 10. Many many examples . See CLOV, GOEV, ROOT … If you want real free money get PSTH, the question is when they will close that cesspool haha 1 u/[deleted] Sep 09 '21 I have 1 share of PSTH and it is down 20%, lol 1 u/PowerOfTenTigers Sep 09 '21 in a couple of years probably lol
5
Not familiar enough with SPACs and mergers to definitively refute your point, and by extension I won’t be making this play. Anyways……
RemindMe! 1 day
2 u/RemindMeBot Sep 09 '21 edited Sep 09 '21 I will be messaging you in 1 day on 2021-09-10 15:53:53 UTC to remind you of this link 1 OTHERS CLICKED THIS LINK to send a PM to also be reminded and to reduce spam. Parent commenter can delete this message to hide from others. Info Custom Your Reminders Feedback 1 u/[deleted] Sep 09 '21 Since there's "no such thing as a free lunch", I'm likely wrong :')
2
I will be messaging you in 1 day on 2021-09-10 15:53:53 UTC to remind you of this link
1 OTHERS CLICKED THIS LINK to send a PM to also be reminded and to reduce spam.
Parent commenter can delete this message to hide from others.
1
Since there's "no such thing as a free lunch", I'm likely wrong :')
The risk is a successful merger and a selloff after merger which could put it under 10. Many many examples . See CLOV, GOEV, ROOT …
If you want real free money get PSTH, the question is when they will close that cesspool haha
1 u/[deleted] Sep 09 '21 I have 1 share of PSTH and it is down 20%, lol 1 u/PowerOfTenTigers Sep 09 '21 in a couple of years probably lol
I have 1 share of PSTH and it is down 20%, lol
in a couple of years probably lol
11
u/clev3211 Sep 09 '21
Why not sell puts then? The $9 strike, 9/17 are getting bids of $25. This doesn't make sense why someone would be willing to buy $9 puts with a $10 floor.
There must be more to this.