jpag said:

---

So I have a question for you guys. Earlier today I sold my calls on DKNG. Then I bought 5/29 DKNG puts (strike price 30) for 2.15. Later in the day I sold 5/22 puts (strike price 29) for .88. Does that strategy have a name? Can I make money with that Strategy?

I've also been doing it with my LVS and DDOG leaps. I bought in the money calls for January and then I sell shorter term out of the money calls.

Am I a complete idiot or is this a conservative way to hedge so I dont lose all the premium that I'm paying?

---

IrishTxAggie said:

---

For any of you Elliott Wave theory followers

---

Agzonfire said:

---

Will LK open above $1??

---

Quote:

---

SPACs are generally formed by investors, or sponsors, with expertise in a particular industry or business sector, with the intention of pursuing deals in that area. In creating a SPAC, the founders sometimes have at least one acquisition target in mind, but they don't identify that target to avoid extensive disclosures during the IPO process. (This is why they are called "blank check companies." IPO investors have no idea what company they ultimately will be investing in.) SPACs seek underwriters and institutional investors before offering shares to the public.

The money SPACs raise in an IPO is placed in an interest-bearing trust account. These funds cannot be disbursed except to complete an acquisition or to return the money to investors if the SPAC is liquidated. A SPAC generally has two years to complete a deal or face liquidation. In some cases, some of the interest earned from the trust can be used as the SPAC's working capital. After an acquisition, a SPAC is usually listed on one of the major stock exchanges.

---

Quote:

---

Flying Eagle Acquisition Corp. (FEAC.U), announced the pricing of their upsized $600 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, March 6th, under the symbol NYSE: FEAC.U.

Flying Eagle will be led by Harry Sloan, as CEO and Chairman, and Jeff Sagansky, as a Founding Investor. Mr. Sloan and Mr. Sagansky will be joined by Eli Baker, as President, Chief Financial Officer and Secretary. Flying Eagle is the sixth SPAC from the "Eagle" team, having previously completed Global Eagle, Silver Eagle, Double Eagle, Platinum Eagle and finally, Diamond Eagle (DEAC), which recently announced their merger with DraftKings.

---

jsap said:

---

What's the name of this service?

They are called Simpler Trading. They are literally down the road from me in Steiner Ranch here in Austin. My friend in Rochester told me about them!

---

AggiePeeps06 said:

---

I'm in. Take my money. In all seriousness though, what about that info points to AirBnB?

---

Ranger222 said:

---

Alright, ready for the crazy new stock idea that you could make a lot of money on (but probably lose a lot of money on) ?

Enter FEAC

FEAC is Flying Eagle Acquisition Corp, a SPAC or Special Purpose Acquisition Company. Its a shell that is looking to buy/merge with another company that has already had an IPO.

Quote:

---

SPACs are generally formed by investors, or sponsors, with expertise in a particular industry or business sector, with the intention of pursuing deals in that area. In creating a SPAC, the founders sometimes have at least one acquisition target in mind, but they don't identify that target to avoid extensive disclosures during the IPO process. (This is why they are called "blank check companies." IPO investors have no idea what company they ultimately will be investing in.) SPACs seek underwriters and institutional investors before offering shares to the public.

The money SPACs raise in an IPO is placed in an interest-bearing trust account. These funds cannot be disbursed except to complete an acquisition or to return the money to investors if the SPAC is liquidated. A SPAC generally has two years to complete a deal or face liquidation. In some cases, some of the interest earned from the trust can be used as the SPAC's working capital. After an acquisition, a SPAC is usually listed on one of the major stock exchanges.

---

https://www.investopedia.com/terms/s/spac.asp

So why is FEAC interesting? Because it is run by the same people as DEAC, which brought DraftKings (DKNG) to the market.

Quote:

---

Flying Eagle Acquisition Corp. (FEAC.U), announced the pricing of their upsized $600 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, March 6th, under the symbol NYSE: FEAC.U.

Flying Eagle will be led by Harry Sloan, as CEO and Chairman, and Jeff Sagansky, as a Founding Investor. Mr. Sloan and Mr. Sagansky will be joined by Eli Baker, as President, Chief Financial Officer and Secretary. Flying Eagle is the sixth SPAC from the "Eagle" team, having previously completed Global Eagle, Silver Eagle, Double Eagle, Platinum Eagle and finally, Diamond Eagle (DEAC), which recently announced their merger with DraftKings.

---

https://spacinsider.com/2020/03/05/flying-eagle-announces-pricing-of-600m-spac-ipo/

Ideally you would accumulate this thing and then hope that the company they merge/acquire is a big name that shoots the value of the ticker up, like DEAC did prior to transitioning to DraftKings.

A big name like Airbnb....

---

Quote:

---

Why go public via blank check?

Going public via SPAC merger allows executives to avoid IPO roadshows and 180-day lock-ups, and this unconventional route may have appealed to Branson. With no close public peers, Virgin Galactic would have been difficult for traditional IPO investors to value, who may have questioned its astronomical projections (revenue skyrockets to $590 million in 2023, with EBITDA of $274 million). As Lyft, Uber, and WeWork have demonstrated, the IPO environment is shaky for companies with grand visions but unproven models. Virgin Galactic's owners may have wanted to lock in substantial funding without risking valuation pushback from IPO investors. In addition, public investors are often turned off by insider selling at development-stage companies.

---

AggiePeeps06 said:

---

You have to figure that AirBnB has no desire to go through the IPO process whether that's this year or later down the road. Seems like a SPAC would be a much smoother path and they'd get a higher valuation.

---

OverSeas AG said:

---

So WMT didn't mention ZEST today in their ER?

I am not in ZEST, but have been following it on here.

---

OverSeas AG said:

---

leoj said:

---

AggiePeeps06 said:

---

You have to figure that AirBnB has no desire to go through the IPO process whether that's this year or later down the road. Seems like a SPAC would be a much smoother path and they'd get a higher valuation.

---

Yeah, agreed. Work just had a terrible and imo never profitable model though. I think Airbnb has much better value proposition. They just ran into a once in a century black swan here. The ipo process is definitely something that Silicon Valley is probably getting apprehensive about moving forward, regardless.

---

From an institutional investor, they have to be more interested in this as well. almost feels more like a private placement rather than an IPO.

---

Ranger222 said:

---

Alright, ready for the crazy new stock idea that you could make a lot of money on (but probably lose a lot of money on) ?

Enter FEAC

FEAC is Flying Eagle Acquisition Corp, a SPAC or Special Purpose Acquisition Company. Its a shell that is looking to buy/merge with another company that has already had an IPO.

Quote:

---

SPACs are generally formed by investors, or sponsors, with expertise in a particular industry or business sector, with the intention of pursuing deals in that area. In creating a SPAC, the founders sometimes have at least one acquisition target in mind, but they don't identify that target to avoid extensive disclosures during the IPO process. (This is why they are called "blank check companies." IPO investors have no idea what company they ultimately will be investing in.) SPACs seek underwriters and institutional investors before offering shares to the public.

The money SPACs raise in an IPO is placed in an interest-bearing trust account. These funds cannot be disbursed except to complete an acquisition or to return the money to investors if the SPAC is liquidated. A SPAC generally has two years to complete a deal or face liquidation. In some cases, some of the interest earned from the trust can be used as the SPAC's working capital. After an acquisition, a SPAC is usually listed on one of the major stock exchanges.

---

https://www.investopedia.com/terms/s/spac.asp

So why is FEAC interesting? Because it is run by the same people as DEAC, which brought DraftKings (DKNG) to the market.

Quote:

---

Flying Eagle Acquisition Corp. (FEAC.U), announced the pricing of their upsized $600 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, March 6th, under the symbol NYSE: FEAC.U.

Flying Eagle will be led by Harry Sloan, as CEO and Chairman, and Jeff Sagansky, as a Founding Investor. Mr. Sloan and Mr. Sagansky will be joined by Eli Baker, as President, Chief Financial Officer and Secretary. Flying Eagle is the sixth SPAC from the "Eagle" team, having previously completed Global Eagle, Silver Eagle, Double Eagle, Platinum Eagle and finally, Diamond Eagle (DEAC), which recently announced their merger with DraftKings.

---

https://spacinsider.com/2020/03/05/flying-eagle-announces-pricing-of-600m-spac-ipo/

Ideally you would accumulate this thing and then hope that the company they merge/acquire is a big name that shoots the value of the ticker up, like DEAC did prior to transitioning to DraftKings.

A big name like Airbnb....

---

12thMan86 said:

---

12thMan86 said:

---

NIIICE flush at the end. Bought some 5/22 SPY 300 puts about 30 mins before close x 4 and made $508. Never hit my stop. So nice to get in at the right spot, for a change!

---

fyi not that this makes a damn bit of difference. The guys I follow use an indicator called VOODOO lines, and I've seen stocks reverse to the PENNY using these things. The Voodoo support/resistance has always been at 2934, and we broke it on the last 15 min candle.

Probably means we rip up tomorrow, but just thought I'd put that out there.

---