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Best Options For SPAC Winners

Sep. 23, 2020 2:49 PM ETDraftKings Inc. (DKNG), DKNGZ, PRPL, RPAY, SMPL, UTZ, NKLA, NKLAWNRG
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Hedge Fund Manager, Value, Event Driven, Special Situations

Seeking Alpha Analyst Since 2011


  • 6 SPACs that consummated deals worth buy writing.
  • Each has performed well but worth writing calls against now.
  • NKLA is the one exception -- that one I would just sell.

Among the biggest SPAC winners to date, many are worth buy writing today. The one exception is NKLA, which I would prefer to simply sell.

Here are some options strategies that might be worth considering for equities that you’re ridden from $10 all the way up.




Buy writing ideas

Diamond Eagle



Write Oct 16 $50 calls for $5.30

Thunder Bridge



Write Oct 16 $25 calls for $1.13

Global Partner



Write Oct 16 $25 calls for $1.23

Conyers Park



Write Oct 16 $22.50 calls for $0.70




Write Oct 16 $17.50 calls for $0.74

Collier Creek



Write Oct 16 $17.50 calls for $0.65

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