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Prologue
This article talks about the ongoing special situation class consolidation for AMC Networks. I've written extensively on the topic in these previous articles:
Resetting The Clock On The APE/AMC Arbitrage
Summary
- AMC's Primary Injunction hearing dates and court schedule has been released.
- The AMC/APE arbitrage spread is back to January levels, and worth taking with options.
- Antara's in a precarious position and probably needs to derisk a bit (or a lot).
Kevin is the Director of the Realtime Analysis and Investment Lab (RAIL) at the Stanford Graduate School of Business. In addition, he is a lecturer and teaches MBA and undergraduate courses on trading and investing.
Analyst’s Disclosure:I/we have a beneficial short position in the shares of APE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Short APE, Long APE + Long AMC May$5P, Long April/May AMC Calendar Put Spread.
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