Look at SOAC Aug $7.50 puts. Very, very cheap. Another SPAC story - looks like on track to close by end of Q2. However, alot of pressure on the stock IMO between then and the end of the year. Investment thesis in SOAC (new name will be The Metals Company) is long-dated with first revenues not expected until 2024. They will likely need additional funding before then with SPAC redemptions (apparently they are expecting zero redemptions). With long-dated investment thesis, funding pressure, business risk and potential lack of investor appetite for a long-dated risk story, I see pressure on the stock once it is de-spaced (~late Q2).
While some SPACs have performed well, results have been mixed at best ----->
https://news.bloomberglaw.com/bloomberg-law-analysis/analysis-post-merger-spac-performance-is-mixedNote: I have a position in Aug $7.50 puts and may be adding more.