@Biohazard3737 There were lots of those trades (partial spins)available in 1999 and early-2000, capped off by the epic 3Com/PALM spin in March 2000(a week before the market peaked). No one serious was putting on the arbitrage trades at 20-40% premiums, however. 100-200% premiums were available.
@Biohazard3737 Behind a paywall But I have two comments: 1. A crowded short is a dangerous place to be 2. The market can stay “wrong” longer than you can stay solvent
@Biohazard3737 A similar thing happened with Palm and YHOO, though in that case if you held long enough and endured the pain, you actually made fair money. But it sure took longer than anyone expected.
@Biohazard3737 How do I invest with the 5 percent that didn’t blow up?
@Biohazard3737 You might short the longest and OTM $MSTR calls with a delta in line with your Bitcoin position
@Biohazard3737 Great reference. The Porsche VW debacle was also pretty epic.
@Biohazard3737 Arbing the $DJT warrants is a 26 day trade at this point....doesn't that finite end point make it a pretty solid trade?