I thought I posted it here but I guess it was seeking alpha. Anyways I sold LMND Tuesday at open and put it into BABA. Working so far. Hopefully it keeps going and then I’ll split the position between them.
SPAC bros what is the difference between ZNTE, which trades ~ $10.68 ZNTEU, which trades ~ $11.89 ?
Man fubo.... I'm batting a 1000 on any picks I've mentioned and didn't stick with, so it'll probably go like 100%, lol. I don't really know but I sold too early, I hope you kill it. I think it has potential with all the sports coming.
ZNTEU is a unit = 1 share of ZNTE + 1/2 warrant of Znte exercisable at $11.50. Units start trading before they break up into shares/warrants. There's also ZNTEW if you just want to play the warrants game.
+1. Also, your broker may charge fees, sometimes high fees to split the units. There may be some arb in buying units in bulk and doing the split, but usually easier to just buy shares and warrants separately if they are already purchasable.