SPC
CrossingBridge Pre-Merger SPAC ETF
Mentions (24Hr)
0.00% Today
Reddit Posts
Nano Cap Biotechs are Running on Good News: $CYTO and $SILO
$SILO is working in the same Social Anxiety Disorder pace at $VTGN
Biotech on the Run: $VTGN. $SILO is on watch for similar biotech focus.
$VTGN Reacting to Good News Today, $SILO is a similar Biotech
$VTGN is Soaring over 850% and $SILO is in the same Biotech Space.
Ocean BioMed secures a $25 million funding deal!!!
$SILO news: Silo Pharma Commences Formulation for SPC-15 Targeting Anxiety and PTSD Stress-Related Disorders
$SILO Silo Pharma Commences Formulation for SPC-15 Targeting Anxiety and PTSD Stress-Related Disorders
Barclays PLC Increases Its Holdings in Hut 8 Mining Corp.
Barclays PLC Grows Stock Position in Hut 8 Mining Corp.
$BRPM FAZE IS NOW A SPC 300 Million marketcap
Mentions
When is this house of cards going to crumble? Need SPC to drop to 5500 in 2 months
I am more highlighting extreme events: Rapid Intensification events of hurricanes (happening in Erick right now in the EPAC), thunderstorm, tornadoes, and hail. Anything convective in nature is very very prone to slight fluctuations in the initial conditions. Yes, we can get synoptic scale outlooks that can make accurate generalization about cold and heat anomalies across spatial regions, but our ability to accurately depict extreme weather is still fairly limited to \~72 hours. For example, Milton wasn't even depicted on any model 3 days prior to genesis, it first started showing up on models 2 days prior to genesis, and 4 days after that first signal, Milton was a category 5. Now, this is an extreme event, but for severe weather this is all too common. The SPC doesn't put out any tornado specific probabilities beyond 2 days. I agree it is a broad generalization, but I feel we in the field get a bad rap for pretending we can accurately forecast 5-15 days out, when in reality the only thing we are forecasting that far out is general temperature and if or not there is a heightened chance of rain. We are not accurately predicting the extreme weather that far out, and any one saying we are is a used car salesman.
>which is valid until May 2028 The SPC was valid until then and ruled for in preliminary courts, however judges ruled based on disclosure: >Tappin justified his decision in the dapagliflozin case with a lack of information in the patent application. “It is not for me to speculate about why the patent was drafted in the way it was, and in particular why it contained no data about the performance of dapagliflozin in any assay. If it had done so, the outcome of these proceedings could well have been different; indeed, they may never have taken place at all,” Also no one is arguing that patents don’t exist, we’re arguing that generic or other versions are made despite patents even in developed countries.
>Once again, a UK court has revoked a blockbuster SPC due to plausibility. SPC means Supplementary Protection Certificates and is an extension of the patent term. The court in this case revoked the extension due to "plausibility." This does not say that patents do not exist in the UK. Can you try again?
So what did we learn. Bad news is bullish. Good news is bullish. Stock market crashes are almost impossible at this point. we probably will never see anything lower than SPC 4900 ever ever again.
SPC Hillow is that you? You sound just as reguarded as before.
Why the dissonance between VOO/SPC and SPY?
Why not trade SPX? I’ve been making bank on puts with almost zero effort. I’m not new to options but i am to trading SPX. Obviously the market is taking a piss but regardless, I’m making quick trades and netting an average of like $500 per trade and that is me be super conservative with how I’m trading. Is SPC usually this lucrative?
The last decade is not normal. Look over the last 50 or 70. Anything finance related since 2008 is pretty extreme. I am not an expert, but I do know a bit about proper statistics and statistical process control. The last 15 years starting with the market collapse in 2008 and then covid, nothing was normal. A lot of times by SPC logic, it was out of control.
I don’t see SPC as an option to trade.
I think that’s great and I tried to pursue that strategy as well unfortunately my stock pics were the worst of the bunch including SAVECORR and SPC all ended up being a total loss
ITA International Holdings is the ultimate parent company of Investors Trust Assurance SPC **based out of the** **Cayman Islands**, ITA International Insurer, a **Puerto Rico based** and licensed company, both [rated “A-” by AM Best](https://www.investors-trust.com/about-us/ambest/), and ITA Asia Limited, a Labuan-licensed company **based in Malaysia.** any questions?
SPC E under $5.50 was the play of the century 
Sorry, I forgot to mention that SPC tanked in the last 10-15 seconds making my calls worthless. I'll edit the post.
Edited information from Fintel * Institutional Owners: 24 total, 24 long only, 0 short only, 0 long/short - change of 14.29% MRQ * Institutional Shares (Long): 853,409 - 1.41% (ex 13D/G) - change of -0.13MM shares -13.52% MRQ * Institutional Value (Long): $ 1,255 USD ($1000) Investors (edited to remove zero value rows) * Brandywine Oak Private Wealth Llc * FNCMX - Fidelity Nasdaq Composite Index Fund * Simplex Trading, Llc * Geneos Wealth Management Inc. * Strengthening Families & Communities, LLC * Raymond James & Associates * Paragon Capital Management Ltd * Dixon Mitchell Investment Counsel Inc. * Virtu Financial LLC * Morgan Stanley * Citadel Advisors Llc * Citadel Advisors Llc (calls) * Federation des caisses Desjardins du Quebec * Royal Bank Of Canada * Bank Of America Corp /de/ * Scotia Capital Inc. * Toronto Dominion Bank * Bank Of Montreal /can/ * Renaissance Technologies Llc * National Bank Of Canada /fi/ * UBS Group AG * Hrt Financial Lp * TD Waterhouse Canada Inc. * Citigroup Inc * Group One Trading, L.p. * MMCAP International Inc. SPC * Susquehanna International Group, Llp Short Interest: || || |Settlement Date|Publication Date|Short Interest| |2024-07-15|2024-07-24|1,000,616|
> Do you even realize what you quoted? Like just read the first line "An Extended Validation (EV) certificate is a type of TLS/SSL certificate". You are quoting what a web certificate is. Do you think you use a web certificate for signing kernel mode drivers? lmao Yeah, sorry. I completely fucked up and pulled the EV cert definition. The process requires two certificates, an SPC and an Embedded Signature from the Microsoft Hardware Dev Center. The SPC process is mostly the same as an EV SSL certificate. It does not require any interaction with Microsoft, nor is it Cross-Signed anymore. Instead, the Embedded Signature now comes solely from the Microsoft Cert Authority. > Okay and a usermode application cannot access kernel mode APIs. To access them you need a signed kernel driver. No where does that document state it is only for User Mode applications. That document is for all software that competes with Microsoft built software, including Microsoft Defender, which uses Kernel Mode APIs, thus Kernel Mode APIs fall under that document. > "crowdstrike used their software license to publish unlicensed product" Never once did I call the product Unlicensed. I stated that Microsoft is not allowed to control access to kernel mode API's. There is a verification process for signing kernel-mode drivers, but if a company - IE: CloudStrike, writes a Kernel Mode Driver, then their software causes said driver to crash - That is no fault of the MS certification process. MS is only responsible for passing the Kernel Mode Driver thru the HLK Validation process. They do not control, test, or validate any software written ontop of those drivers. So the issue is: * Kernel Mode Driver (CrowdStrike Falcon) has full Kernel Mode API access * CrowdStrike builds driver to run Definition Files at runtime * Definition files ARE NOT validated thru WHQL * Driver passes WHQL tests * CrowdStrike builds bad definition file that tells Kernel Mode API to run bad code Dave Plummer (previous Windows developer) does a really good job of breaking down how this problem likely occurred. This problem solely exists on the CrowdStrike side - [CrowdStrike IT Outage Explained by a Windows Developer (youtube.com)](https://www.youtube.com/watch?v=wAzEJxOo1ts)
NILI.V / NILIF Management is proven, same group that sold Millennial lithium to LAC for 491M USD. [https://cassels.com/rep\_work/lithium-americas-acquires-millennial-lithium-for-491-million/](https://cassels.com/rep_work/lithium-americas-acquires-millennial-lithium-for-491-million/) Current project, Nevada North Lithium Project has grades over 5% LCE within 10 feed of the surface. Initial resource calculations are solid and expected to double with this summer drill programs which started May 30th. Has solved water rights. Has made working agreements with all stakeholders in area. Preliminary Economic Assessment due by year end. Currently trading at year lows. 12 month high was $1.55, currently 0.375. SPC Equity research recently gave it a $3 price target for the next 12 months. [https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/240530-scp-nili-update.pdf](https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/240530-scp-nili-update.pdf)
DCA SPC. Count your blessings.
2:01pm CST #SPC Day1 Outlook Enhanced Risk: FROM PARTS OF SOUTHEAST TEXAS INTO SOUTHERN LOUISIANA/MISSISSIPPI/ALABAMA AND THE WESTERN FLORIDA PANHANDLE
CST #SPC Day2 Outlook Enhanced Risk: across the central Gulf Coast overnight Monday into early Tuesday spc.noaa.gov/products/outlo…
Funding was provided by Ayrton Capital who has a track record of providing such forms of financing, with at least one case of a company (Genius Group, not to be confused with the deSPAC Genius Sports) suing the investor for overly onerous terms and ultimately settling out of court with revisions to the investment Lawsuit: https://www.globenewswire.com/en/news-release/2023/03/01/2618019/0/en/Genius-Group-Sues-Alto-Opportunity-Master-Fund-SPC-Ayrton-Capital-LLC-and-Waqas-Khatri-in-New-York-Federal-Court.html Settlement: https://www.globenewswire.com/en/news-release/2023/03/29/2636820/0/en/Genius-Group-Settles-Litigation-with-Alto-Opportunity-Master-Fund-SPC-Ayrton-Capital-LLC-and-Waqas-Khatri.html
I know we need SPC or similar set up first, so we have the data links and response systems, procedures and expectations in place before AI tells us what to do. That’s as far as we got… so far.
No stocks are a buy until the SPC trades at 15x forward normalized earnings. Today we are closer to 19x cycle peak earnings which have a very realistic 10-25% downside. And no one can tell you if it’s going to be closer to 10 or 25. You can do the math.
What made you buy dailys with no catalyst for Monday? The SPC 4450 level is one I'm watching, but it's a complete gamble knowing if positioning into FOMC will be short covering and rally or longs holding off on taking any positions and fade, history says the latter
100% agree. My Dad (80) has a full set up. He said he’s getting to the point where he wants to hand it off. I’ll pick up some dies at that point. He loads up my 6.8SPC, 6.5X55 Swede, .300 Hamr, and 30.06 already so I’m sure he’ll give me the full tutorial over endless cups of coffee
Summary of the news: $SILO has advanced the formulation development for its therapeutic drug, SPC-15. The liquid nasal formulation will be used in SPC-15’s novel protocol intended for treatment and prevention of anxiety, PTSD, and other stress related disorders. The feasibility study achieved linearity, accuracy, and repeatability. Results of the feasibility study will determine the selection of the manufacturing processes and Silo Pharma is currently in discussions with potential delivery partners. In May 2023, Silo Pharma was awarded a U.S. Patent titled “Biomarkers for Efficacy of Prophylactic Treatments Against Stress-Induced Affective Disorders,” with claims protecting the key technology behind SPC-15 and further drug discovery. Silo Pharma is a development-stage biopharmaceutical company focused on merging traditional therapeutics with psychedelic research for people suffering from indications such as PTSD, Alzheimer’s disease, and other rare neurological disorders.
$SILO Reaches Positive Milestone with Nasal Formulation of SPC-15 For Anxiety, PTSD, and Stress-Related Disorders 📈 $VTGN ran 1000% yesterday on positive data…$SILO could be next up. Read news here: [https://ir.silopharma.com/single-news-releases/?webmasterId=104586&qmodStoryID=5435610220877266](https://ir.silopharma.com/single-news-releases/?webmasterId=104586&qmodStoryID=5435610220877266)
Hello! I shorted a spac prior to redemption for the first time, and I wish I’d seen your post earlier. Whatever happened to your case? What did you learn and would advise others? I had no idea such things could happen, as I suddenly found myself long the shares I thought I bought to close my short, and also short the SPC shares. Do you advise I buy back the long position which I was assigned and immediately closed in order to offset the movement of the short SPC stock I was assigned, or is this not how this works? Your feedback would be much appreciated!
SPC down to 4,60 premarket. anyone regarded enough?
Setting up functional productive AI, never mind a positive ROI use case, is expensive and potentially invasive. I was part of an effort 3 years ago and the real answer was “set up SPC, get that data feedback working, build a culture where people have an expectation and process to respond to data, then maybe look at AI.” They still don’t have SPC.
Just push through 413 like a good green boy SPC
Don't take advice from these degenerates. I'm still waiting to get back the money I lost on SDC, SPC, CLOV & on GME. Smh. Lol
https://www.globenewswire.com/news-release/2023/03/01/2618019/0/en/Genius-Group-Sues-Alto-Opportunity-Master-Fund-SPC-Ayrton-Capital-LLC-and-Waqas-Khatri-in-New-York-Federal-Court.html
In 99% of cases I agree. Most companies don’t even have SPC, never mind room for AI. Everything is still too much ‘garbage in’ for successful AI implementation.
Since you are short vol from selling iron condors, you can also sell vol of vol by selling VIX puts. You still benefit from theta while the market becomes more volatile. You can use the unused cash to buy tbills or even high yield foreign currencies (eg Mexican Peso or Hungarian Forint). That way, you get a yield from your cash that compensates for some of your losses.. And instead of doing individual stocks, do ICs on Indices like SPC and NDX
What's the most ridiculous OTM call for tomorrow that might actually hit? SPC 4250C is at 3.50
I got $8k in SPY calls. Don’t fail is now SPC CEO.
Let’s see if we’re going to cherry pick… You said last summer, last June SPC hit 3636 August hit 4325 Look a bull market!! See, I can do it too
If inflation is a Bd surprise, we're taking out support at SPC 3595 and heading to 3400 by the end of next week. A 3% move on Thursday would just be the start as traders unwind their trades front-running a pivot.
who's better at pumping and dumping, Scamath or R.C.? \>opendooᅠr (scamath stock) and blood bath and beyond (R.C. stock) both down over 90% in 2022 \>literally every other scamath spa.c (CLOᅠV, SOFᅠI, SPCᅠE) are down over 70% in 2022 🤣🤣
NATO is now 100% justified in placing a missle defense system in Ukraine near the Soviet Border. This is the beginning of a delicious proxy war. So much $$ to be made on outdated ammo. US army switching to 6.8 SPC from 5.56 NATO. Somebody has bullets for sale.
Sheet , you might burn some calories brushing your teeth with that bad boy. It's our gold , and we need it now . Call NASA @ 1-800-SPC-GOLD
I eat crayons. I mean *I use them*, too, but purple tastes like grape. So help me here... when it says... >a purchase agreement with Arena Business Solutions Global SPC II, Ltd. (“Arena”) for up to $15 million of the Company’s common stock, with an option to increase by an additional $15 million to $30 million. ...isn't that a lot of shares/power for one institution to hold? I'm assuming that's a huge chunk of the shares. I mean, with rugpulls rampant and hedge funds loving to screw the little guy without lube?
I stopped trading these potential short squeeze plays that take more than give. I’ve gone back to my reliable $SPC 0 dte credit/vertical spread options. Those are my income trades. These squeeze plays were a waste of my capital. I did great on SPRT and RDBX but gave back more on a bunch of other potential squeeze plays
*Chamath gang wpuld like to add all the SPC tickers in here*
Yes. There is a lot of hedging involved with SPY, ES, and SPC that heavily affect the movement but it very frequently will have the same intraday patterns like wedges, double bottom/top reversals, or lower high/higher low reversals.
Why do palantards remind me so much of crypto bros? Just this comment seems similar. I mean money talks, and just 205M commercial revenue with all this known to public investors. It's not that great man. It's why it got sold off hard on earnings despite the quarter to quarter numbers moonboys eat up. Cleaning up disparate data to make sure it can be worked with is great, so people can look at what happened in the past. But all this AI shit to predict the future is just buzz to me. SPC is good for investigating corrective actions and setting alarms, but I haven't seen this AI stuff used for process improvement functionally. We still have experiment to improve our processes. We cant just feed data into a computer and have it spit out some magic formula to improve processes so much that PLTR will be some mega cap company that is so transcendent in their data analytics everyone is forced to go with them to even look at a spreadsheet. I'm not a software engineer but im around this stuff a lot. It is like some scifi dream that some computer that has all the data will have all the answers and can be expected to manipulate that past data perfectly for what we want now. I'll keep being a dumbass, but I'm done making money off PLTR puts, not much skin on the bone now with the high premiums.
The sintering stage of any binder jet or metal FDM technology is Near Net Shape. From [DM’s spec sheet](https://www.desktopmetal.com/uploads/SPJ-SPC-P50-220222.pdf): “± 1% or 0.2 mm, whichever is greater” On a 100mm (10cm) feature, you’re looking at up to 1mm of error which is extremely large, and it only gets worse as size increases. Traditional production technology, like CNC manufacturing methods, can hit a fixed 0.1mm tolerance without much effort (10x more accurate). With enough design optimization and pre deformation analysis you can get very close but you’re still going to be limited in your ability to make parts that requires a high degree of precision.
What’s the SPC futures ticker
BUILDING A PREEMINENT NICKEL EXPLORATION COMPANY SPC Nickel Corp. is a new Canadian public corporation focused on exploring for Ni-Cu-PGMs within the world class Sudbury Mining Camp. The Company is currently exploring its key 100% owned exploration projects Aer-Kidd and Lockerby East both located in the heart of the historic Sudbury Mining Camp and holds an option to acquire a 100% interest in the Janes project located approximately 50 km NE of Sudbury. Recently, the Company acquired a large land package covering more than 43,000 hectares (430 km2) on the highly-prospective Muskox Intrusion, located in Nunavut. The Muskox Intrusion is one of the last undeveloped camp-scale Nickel-Copper-Platinum Group Metals (PGM) prospects in the world. The Company is focused on advancing its assets with a vision of growing to a pre-eminent North American nickel exploration company. $spc nickel corp
BUILDING A PREEMINENT NICKEL EXPLORATION COMPANY SPC Nickel Corp. is a new Canadian public corporation focused on exploring for Ni-Cu-PGMs within the world class Sudbury Mining Camp. The Company is currently exploring its key 100% owned exploration projects Aer-Kidd and Lockerby East both located in the heart of the historic Sudbury Mining Camp and holds an option to acquire a 100% interest in the Janes project located approximately 50 km NE of Sudbury. Recently, the Company acquired a large land package covering more than 43,000 hectares (430 km2) on the highly-prospective Muskox Intrusion, located in Nunavut. The Muskox Intrusion is one of the last undeveloped camp-scale Nickel-Copper-Platinum Group Metals (PGM) prospects in the world. The Company is focused on advancing its assets with a vision of growing to a pre-eminent North American nickel exploration company.
I am with IBKR, so I can't say how other brokers handle it. IBKR "freezes" my position at the moment of the redemption deadline - that's 2 days before the merger vote. Example: SPAC has a merger vote on Friday, so redemption deadline is Wendnesday evening, floor removal is Tuesday morning. I short 1000 shares of SPAC on Monday around 10$. Tuesday at the market open, SPAC crashes down to 8$ per share, and I buy 1000 shares thinking that I closed my position; IBKR shows me no position whatsoever in SPAC anymore. However, on Wednesday evening those shares I bought long have not yet settled in my account, as it takes 2 days for them to settle - but the shares I shorted on Monday, have already settled. So, Wednesday evening IBKR changes the settled shares I am short to another ticker, SPAC.SPC - now, I am short 1000 shares of SPAC.SPC and long 1000 shares of SPAC. Those SPAC.SPC shares will be redeemed by the lender, that's effectively just a short position of 10k$ - and I am just long the SPAC shares. In that example, I clearly wanted to win 2k$, but effectively lose a few dollars on shorting the shares that will be redeemed, and am completely dependent on the further development of the SPAC price. My question is still - if I knew that SPAC dropped from 10$ to 8$ at market open on Tuesday, is there an arbitrage strategy that would profit from this knowledge?
I also shorted CCAC and got those CAAC.SPC stuff, but I didn't covered. I'm still waiting for the CCAC.SPC position to clear. Shorting SPACs directly is totally impossible nowadays. From now own I would either do synthetic shorts \[\*\] to avoid this disgusting stuff or stay away. Unfortunately not much SPACs have options before the merge. \[\*\] synthetic short => sell a call, buy a put at the same strike.. and chose a strike where the short call is OTM to avoid assignment.
My best guess of what happened there: When you were short the CCAC.SPC shares, it means that the lender of those shares was redeeming them - however, IBKR was still tracking the price of CCAC and showing you that price for CCAC.SPC (instead of 10.07). So you "won" (10.045-7.05) around 3$ per share \_ON PAPER\_ for those share you were short - all while it was clear that the shares will be redeemed anyways. Once they were redeemed, the price for you was effectively 10.07, which means that IBKR is showing you now a loss of (10.07-7.05) around 3$ per share for the day. Basically, you had an imaginary plus of 12k$, and then an imaginary minus of 12k$, all because IBKR was tracking the price of CCAC instead of freezing it at the redemption price from the beginning. It is irrelevant anyways, as in the sum, you ended up with the very same loss of a few cents per share. Note: the shares you buy to close the short position have to actually settle in your account before the redemption deadline (2 days before the merger vote). That is only possible when you buy them before the floor drops. Afaik (and \_please\_ correct me if you see any possibility that I could be wrong!), even if you knew that the price will drop to 1$ per share once the floor is removed, there is no way to profit from that. The shares you short before the floor drops, will be redeemed for NAV (and you'll lose a few cents per share on them) - the shares you buy after the floor drops, will not settle in your account in time, and you will end up being long these shares.
I trade SPC 0dte with relative success. And by that I mean more winners than losers. Honestly, a good chunk of the time I break even. So my strategy is pretty simple, but also depends on the level of the VIX. So if the VIX is under say... ~18, I feel more comfortable with ICs... But if not, like in the environment we are in, I get directional. So I'll open Put or Call credit spreads at about .15 Delta and set my stop loss (at market price) at the Delta *2. So if I sell .15 Delta,I'll set my stop loss at .30 Delta. That keeps my risk at around 1:1.5. It's worth mentioning these plays are very small. I'm talking 1-2% (of portfolio) max loss and I'm quick to get out at break even if it turns against me later in the day. Beautiful thing about 0 dte is entering a trade at 9:30 means even if the trade goes against you, by 2pm you can most likely break even. Anyways, i much prefer to trade 0dte as I feel i have far more control. Also, I have never hit max loss. Every trade I enter comes linked with the stop loss order.
\*\*I am not offering advice here. I am just talking out loud.\*\* If a hypothetical account sold shares short on jan 25th or earlier and did not cover the position by close of business that day then they might very well be subject to a corporate action event. That is the actual long holder who lent the shares may elect to tender his position for redemption forcing the short holder to close their position for $10 cash per share. Now if this hypothetical person was concerned on jan 26th they might get tendered for cash and they bought shares back, I would say to them its too late (unless they did a special T+1 settlement or same day settle). The reason is corporate actions go by settled positions not trade date positions. A normal trade done by the 26th would settle by the 28th. And the deadline to submit a tender request was the 27th. So the long holder already made his decision on the 27th. What I suspect would happen here is the short position is renamed CCAC.SPC to designate that its subject to a corp action. Any subsequent trades would go in the account as regular CCAC, because these are ex-date shares. When the meeting is held on the 31st and if the merger is approved it will take a few days for the Agent to make payment so this hypothetical persons account will be boxed for a few days (i.e short CCAC.SPC & Long CCAC). when the payment is eventually made his CCAC.SPC position is closed and $10/shr is deducted from his account leaving only the long CCAC. It would be in this holders interest to sell the position if he did not want to be long. He could do so today if he wanted because his sales would be in the form of ex-date CCAC just like his longs are held. ​ Now I haven't seen this hypothetical persons account so I wouldn't be able to say exactly the timing of his trades so if i were them I would look to an activity statement and see when my trades settled to confirm. If I saw my purchases settled by the 28th I would assume when all this shakes out i will be covered for $10 and net long. However crazy things could happen. Maybe the long holders don't elect to redeem and i am able to stay short through the meeting. Then the shot & long would collapse to zero, but I think the likely hood of no one redeeming is very very very low.
Sorry, you aren't being very clear here. Because this: > I've some short positions of CCAC that is showing as CCAC.SPC. I shorted them before the floor was lifted and covered them 2 days before merger vote date and now its undergoing corporate action. Means that you should be done--you had some open shorts and covered them. Your position has already netted out to zero. Are you sure you described the situation correctly?
I've some short positions of CCAC.SPC. I shorted them before the floor was lifted and covered them 2 days before merger vote date and now its undergoing corporate action. I just wanna make sure that the money I will be losing is NAV($10) - the price that I shorted it at. So if I shorted the share at an average of 9.9, I will only be losing 0.1 per share I shorted. Is that right? Cause right now the average pax in the system says 8.22, which is the price when it closed on Friday. That doesn't seem right since I shorted the share at around 9.9ish. Can anyone help me confirm this?
Anyone on IBKR tried shorting SPAC before floor removed then covering all of them back after floor removal but before merger meeting? I did this and now my account has a short CCAC.SPC position and also a long CCAC position that was automatically bought for me. Sent a web ticket to verify these positions and they told me as long as I keep my CCAC position, it will keep them neutral and I will not incur any further losses. I don't trust them though. This is the email they sent me > Please note that the -4,000 CCAC.SPC position was converted from the -4,000 CCAC position on the Position Date of the SPAC Redemption corporate action, 25 Jan 2022. Since you have purchases 4,000 CCAC at a date later than 25 Jan, the 4,000 CCAC position is separated from the -4,000 CCAC.SPC pending further action and the result of the shareholder meeting on 31 Jan. > Should you wish to remain a neutral position, no action is required. There can be two situations where both will result in a neutral position: > The Redemption was passed, and the -4,000 CCAC.SPC will turn into negative cash, but at the same time, so will the 4,000 CCAC, therefore canceling each other The Redemption failed, the -4,000 CCAC.SPC will return to -4,000 CCAC, therefore canceling out the 4,000 CCAC*
Anyone on IBKR tried shorting SPAC after floor is removed then covering all of them back before merger meeting? I did this and now my account has a short CCAC.SPC position and also a long CCAC position that was automatically bought for me. Sent a web ticket to verify this positions and they told me as long as I keep my CCAC position, it will keep them neutral and I will not incur any further losses. I don't quite trust them though. This is the email they sent me > *Please note that the -4,000 CCAC.SPC position was converted from the -4,000 CCAC position on the Position Date of the SPAC Redemption corporate action, 25 Jan 2022. Since you have purchases 4,000 CCAC at a date later than 25 Jan, the 4,000 CCAC position is separated from the -4,000 CCAC.SPC pending further action and the result of the shareholder meeting on 31 Jan. Should you wish to remain a neutral position, no action is required. There can be two situations where both will result in a neutral position: 1. The Redemption was passed, and the -4,000 CCAC.SPC will turn into negative cash, but at the same time, so will the 4,000 CCAC, therefore canceling each other 2. The Redemption failed, the -4,000 CCAC.SPC will return to -4,000 CCAC, therefore canceling out the 4,000 CCAC*
SPC is the arb ETF but what you are describing is not exactly what arbs do. It's opposite. They sell the warrants and keep the commons. Then they either redeem the commons or sale above nav on a pop. https://www.crossingbridgefunds.com/spac-etf
I'm about 45 seconds into my DD and found this: 1) You must be an Accredited Investor to invest in this 2) They're an SPC with an explicit goal that is not to make money (doesn't mean speculation can't be profitable, but probably harder to make money on) but to do some social good. That makes me incredibly skeptical both that they'll make money and that they'll do any good to anyone but themselves. 3) 3% per year plus 8% at conversion. I'd be better off in TIPS which isn't saying much. 4) I need more of a backstory on what's going on, what's being suppressed, who's suppressing it, and why.
Made 3 grand on SPC. Lost about 600 of it though sk far lol
SPC ETF is arb etf that does the arb work for a fee obviously.