Best Options For SPAC Winners
Hedge Fund Manager, Value, Event Driven, Special Situations
Seeking Alpha Analyst Since 2011
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Summary
- 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.
SPAC |
Ticker |
Price |
Buy writing ideas |
Diamond Eagle |
(DKNG) |
$53.11 |
Write Oct 16 $50 calls for $5.30 |
Thunder Bridge |
(RPAY) |
$24.61 |
Write Oct 16 $25 calls for $1.13 |
Global Partner |
(PRPL) |
$24.20 |
Write Oct 16 $25 calls for $1.23 |
Conyers Park |
(SMPL) |
$21.74 |
Write Oct 16 $22.50 calls for $0.70 |
Mosaic |
(VVNT) |
$17.31 |
Write Oct 16 $17.50 calls for $0.74 |
Collier Creek |
(UTZ) |
$17.28 |
Write Oct 16 $17.50 calls for $0.65 |
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