These units only include 1/3 warrant, less opportunity to remove risk by selling warrants. Moved around 10% on the portfolio into this at $10.34 leaving risk capped at 3.4% before warrant value is considered.
Like other Spac positions, I plan to sell warrants to relieve risk on the share position, then sell the share position around the merger, not necessarily before it after.
Like other Spac positions, I plan to sell warrants to relieve risk on the share position, then sell the share position around the merger, not necessarily before it after.
Trade closed manually:
Took my modest profit. Adjusting portfolio for a new strategy that I call warrant farming.