Backed by a trust value which means one can write options without the worry of a drop in the underlying stock. Obviously, once the trust value is used to facilitate the merger, it is no longer a safety net so one would aim to exit before then or accept the risk of not having a safety net.
Note
What looks to be news of a prospect could produce a gap up, we will see tomorrow.
More than enough time and liquidity to enter (published 4/9) and exit without margin (T+2). Endless possibilities with leverage over the weekend as the gap produced an island with Over 22 million shares traded today... Somebody needs to hire me... Free agent here...
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