news of J/V should come down the runway any day now and will make new all time highs.....I am playing the warrants as they are undervalued....$24 strike price and each one is 1/10 of a share and are trading at .50 cents right now....
10 warrant shares at .50 cents each is $5 bucks that allows you to buy one common share for $24
$24 bucks + $5 bucks =$29 bucks
therefore through the warrants you can get $34 shares for $29 bucks...this arbitrage will close eventually but it's a bargain right now.....
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.