Another crypto trade and another small cap that should benefit from the market rotation if it continues.
PETQ announced today that it's getting taken private at $31 per share. At that price, the intrinsic value of the calls we bought for $2.50 is $8.50.
Sold those calls at $8.40 today, for a 236% gain.
MARA expired worthless today. Loss: 100%.
PETQ announced today that it's getting taken private at $31 per share. At that price, the intrinsic value of the calls we bought for $2.50 is $8.50.
Sold those calls at $8.40 today, for a 236% gain.
MARA expired worthless today. Loss: 100%.