SNPR
Electric Vehicle ChargingSome companies involved in the electric vehicle charging sector compared on 90-day graphs. Anywhere to go but up? Vice President of United States toured a facility this week that boasts 15-minute recharge times for EVs. Companies like Tesla and Workhorse need the infrastructure to really become major players. Target is +300% by end of 2021.
SNPR - LONG near NAV and here is howNOT FINANCIAL ADVICE
I may wait to purchase depending on market open and the ES premarket performance. If it opens up considerably I may pass all together on the opportunity.
SNPRU
BUY 500 units for 11.50 and apply
for split with transfer agent.
($5,750/500=$11.50 per unit)
SNPRW
500 units came with 0.25 of one warrant each,
which amounts to 125 warrants to sell instantly
to remove some risk and take the entry from
$11.50 per unit to $10.75 per share if all 125
warrants are sold at $3.00(conservative calculation)
SNPR
Hold 500 shares and sell call options at the
shortest expiration possible to continue
reducing entry price, eventually under the
trust value and then simply for the
purpose of generating income.
The chart is laid out from top to bottom, top=step 1/enter units for a discount on share price, middle=step 2/sell warrants for rebate & reduce entry, and bottom =step 3/further reduce entry & gen small income from covered calls.
I'll come back to this and post total P&L from the run when I move on to the next trade. Aiming to run this until merger takes place unless price is over entry, then I will continue to sell calls until i eventually get forced into profit. According to the recent filings, the merger will be voted on by shareholders sometime in the second quarter of 2021.
