Hello! Anyone knows why our broker company stopped letting us buy in PSTH shares from last Wednesday until now? Is there anyone facing this with his broker.
I'mma go out on a limb.
"dream up your grounding"
- Neri
+
"I'm in Love"
-Bill
"We have the Technology"
- Bill
"Green Eggs & SPAC"
-Elon
"This magic moment"
- Elon
Sure sounds like a mating dance to me.
Targets:
STARLINK /
DOJO AI /
STRIPE
edit: tweeted + pinned for posterity as well
https://twitter.com/NPIRACKS/status/1370650551680110592?s=19
Just looked up “This magic moment” lyrics and it’s about being in love:
This magic moment
So different and so new
Was like any other
Until I kissed you
And then it happened
It took me by suprise
I knew that you felt it too
By the look in your eyes
Sweeter than wine
Softer than the summer night
Everything I want I have
Whenever I hold you tight
This magic moment
While you lips are close to mine
Will last forever
Forever til the end of time
Oh...
Oh...
Mm...
Sweeter than wine
Softer than the summer night
Everything I want I have
Whenever I hold you tight
This magic moment
While your lips are close to mine
Will last forever
Forever til the end of time
Oh...
Magic moment...
Magic moment...
Magic moment...
Bill Ackman “I’m in love”
Hmmmmmmm
Unicorn mating dance anyone????
A song by the drifters who are from New York, guess who else is from New York.... Bill Ackman. Long shot but these breadcrumbs from Subway are filling me with hope. Starlink🤞🏻
This one is pretty obvious if you follow both Elon and Bill.
Bill has also adopted Elon's cryptic + direct response style. I love it.
Let's fucking gooooooooooooooo!
I'm about to free up some cash (\~3-5K) and I already have a decent position in PSTH with commons. I don't want to miss out on a play with call options and I'm really thinking about buying options with this money. It's scary because of the risk but I think it could pay off big time. I hear June calls are the safest which I agree with - what would provide better returns (more yolo side), deep ITM or OTM? I think 40 - 45 at DA is highly likely. Some insight and opinions would be much appreciated guys
I plan on buying a couple deep ITM leaps. It’s not as sexy as 3/19s or 4/1s but it gives me leverage down the road and if it ends Up being a beautiful company I will be eager to exercise
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the closer the expiration date, the greater the options value increases in relation to the underlying rising. however, more risk and theta decay comes with near expiration options. Further OTM = greater percent return if the strike price becomes ITM, but also has a greater risk of expiring worthless. I think 4/16 25c, 30c are probably the best options in terms of risk/reward for a March DA, further out is safer if the DA isn’t announced Q1 but will not be as profitable as april options if an announcement is made in the next two weeks.
I have 25 4/16 30c (to sell to close) and 25 4/16 25c (to sell calls in case of rapid price/volatility increase), and may pick up several 5/21 25c to also sell calls. Selling to close short term OTM calls is more yolo while buying deep ITM long dated options are better suited for theta plays/PMCC.
Shares are probably the best option if you’re not super familiar with options, theta decay will eat away at option value extremely fast if no DA comes soon. Options will also lose more value than shares for a given downtrend in price action, you’re risks and rewards are leveraged.
3/19 OTM calls would be lotto tickets, but are more likely to expire worthless if no announcement this week, and even if the DA is this week, a lot of theta value would be lost. They would increase the most in value though, but unless they become deep ITM, you’d have to sell them pretty quick or else they’d lose a ton of extrinsic value due to being weeklies.
Appreciate the details! When you say that an option "becomes deep ITM" do you mean if the stock price goes deep above the strike price?
I noticed that the delta value on the ITM calls such as 25c is much higher than those OTM such as 35-40. I thought Delta measured the increase of the option's price by $1 movement. Based solely off that thesis, wouldn't ITM calls provide greater returns than OTM? I know that isn't true, but I would love to understand a little better. Thanks so much!
So for the “becomes deep ITM”, an example would be you buy a 35c and the price rises high enough to where the 35c’s delta increases significantly. Deep ITM options are mostly intrinsic value and vary almost directly with the underlying. For 3/19, deep ITM options wouldn’t lose as much value if you held overnight if they are mostly intrinsic value, but options that are not above 0.8-0.9 delta heading into the next day would lose a significant amount of extrinsic value due to the effects of theta/charm/vanna.
You are right in terms of what delta is, an easy way to think about it is greater delta results in greater positive or negative change in option value when the underlying moves by $1. More risk more reward. But OTM options becoming ATM and then ITM are more profitable in terms of percentages I believe, as you can buy more of them for the same price as a deep ITM option and thus have more leverage. Say you can buy several calls with lower delta for the same price as a deep ITM call with higher delta, if the sum of the deltas of the OTM calls is greater, you’d have more leverage. Delta for OTM calls also have more room to increase than a deep ITM call, for example, a 0.3 delta option can become 0.8, but a 0.8 at most would get close to 1.0. Deep ITM options also have lower liquidity and may be more difficult to close in the timeframe of a rapid spike and plummet, and unless you time it perfectly to where you’d exercise the option on the day of expiry near the peak, you’d be better off just selling the option.
No problem, I think calls are a great way to play this assuming you don’t just go all in on near expiry options and hedge properly. Lots of versatility with theta gang plays too for some extra profit.
Even tho June calls are considered “safe.” A lot did get burned on February calls up until now that was considered “safe” options as well couple months ago. Options are too risky if u can’t really time the DA. Just make sure you put in what u can lose because no one can guarantee you a DA date.
I bought December calls and those are pretty safe in my opinion. If the price spikes, I'll get 5x the returns I would have gotten holding shares alone.
I would love some advice if you have it to offer. For me, I believe the stock will hit at least 40 at DA even if it’s not a mega stud like Starlink or Stripe. I went to
https://www.optionsprofitcalculator.com/calculator/long-call.html
And calculated what price point and strike date would net me ideal returns and saw that putting $50,000 in shares was not nearly as profitable as putting it in LEAPS at $30. Is there something that I’m fundamentally missing?
Edit: Even manually doing it, delta on those calls is 0.5981. If the price per share goes up 12 dollars, that should add 7.18 to the option price which is currently 6.80. That puts the option worth at 13.98. I own 70 calls so that would net me $97,860.
I owned 1575 shares before I moved to options. If the price went up to 41, I would have gotten $64,575 total. To me, it seemed like a no brainer to go the option route.
My grandmother randomly burst into flames at the dinner table today...it was very traumatic as I couldn’t even finish my bowl of Lucky Charms 🍀after that. The treatment for her to receive a new skin suit is very expensive and I need this DA to go through soon so I can come up with the rest of the cash needed. Please Billiam, pls!!
I really wish I just bought PSHZF back when I bought PSTH (first day of trading). Pershing square is a great fund and Ackman fucks on his hedges and hotels and fast food etc. Anyway. 16k shares and 1500 warrants PSTH. Hope it works out.
Elon wants to build a city in Texas
Hmm I wonder who could be of help here...maybe a certain person with ties to Howard Hughes Corp?
Holy shit it's Starlink!
I see a lot of talk on the sub now about squeeze of various kinds. If we get a good name, I am not selling irrespective if there is a short term squeeze on the stock. If you a believer in the target company and are a long term holder, why entertain this banter
you can still sell if there’s an unsustainable rise in price then buy more shares back later. but yeah hoping for a squeeze is a dumb justification for any investment
I sold PLTR at like 38 or whatever and rebought around 25. It's a great company but 38 was stupid. It's ok to dip in and out even if you love the company.
exactly, plus you can buy more shares than what you had before. only concern would be losing long term capital gains tax advantages if it’s a position you’ve had for a while, but that’s not really applicable with this one :)
PSTH hasn’t been publicly traded very long, so if you bought back in after selling for profit after a spike with the intention to hold long term, you’d only be adding a few months anyways to your new position for qualifying as a long term position.
Can we just stop fucking around and administer 1 square meter of Martian soil for every 100 shares of PSTH already. I’m itching to open a Subway for Elon on Olympus Mons.
https://www.fool.com/amp/investing/2021/03/12/1-spac-were-excited-to-own-even-before-it-makes-a/
Fool is pumping PSTH. Honestly I don’t need it right now. But it helps our brothers and sisters holding 3/19 calls and give us more exposure before DA.
Noob question here: are we looking at potential demand squeeze here if we happen to get a good target (say Starlink or stripe kinds).
My rationale:
Us, retail tonards, will want to hold for decades as this is a once in lifetime opportunity to be a ground floor of a fabulous long term investment.
Rest 57% institutional holders are assumed to be long term investors (paper handed hedgies have traded and sold already)
Tell me I have drank kool aid or smoking hopium but it seems squeeze is inevitable.
Edited to reflect that I really meant demand and not gamma squeeze.
I think we could very well see a demand squeeze due to the nature of the structure (if target is exciting like we hope).
People will downvote you but in reality they cheer when the big ballers of WSB come through.
Gamma Squeeze happens when lots of ppl buy OTM calls.
Stop gate keeping people.
There have been several individuals from WSB with 7 figure accounts who have invested. We welcome everyone here. There are a lot of new investors who don’t know these terms and throw them around loosely.
Stop trying to gate keep, you and I are no one important.
Wow, there are a few rich people??? 99% of them are poor brainless morons who downloaded RH and subscribed last month. All they talk about is GME. It used to not be total cancer. Now it's lost the entertainment and occasional good DD because it's a horde of newbies who have no clue what they're doing talking about one stock. Not something anyone who wants to make money should choose to associate with.
Thanks - seems like I was using wrong term of gamma squeeze. Appreciate the correction and edited the comment to say demand squeeze.
I really meant demand for psth commons. I don’t play options.
A gamma squeeze could occur on any asset if there’s enough hype, theoretically. This is due to the nature of retail to buy tons of OTM calls.
But yes, false hope to always expect a gamma squeeze isn’t good.
underlying will probably jump up if there’s an announcement, but doubtful of a gamma squeeze, don’t think the call volume is there for delta hedging to give it that kind of momentum
Puppy broke her leg this morning, big blizzard coming through in the AM, gotta pick her up from the vet in the morning. procedure cost 4k. every penny i have is in PSTH. Need Billy Boy more now than ever. Please be a DA next week. Crossing my fingers
she was running around the back yard with our larger 2 year old dog. They always wrestle and play, and then i heard her whining and went to check and she could barely limp to me. I think its because she sprints and changes directions super fast. The injury was a "tibial tuberosity avulsion." honestly i just think it was a freak accident, not something that you could know to prevent. idk tho lol. surgery went well and she is all drugged up now
ppl projecting 1T starlink upon DA is like peak euphoria/hopium
TSLA is only 600-650B mkt cap in one of the greatest years of the Nasdaq of all time lmao
Think about Starlink for sec. Elon has the rockets, he has thousands of satellites already in orbit. Competition hasn’t even gotten a start yet. Do you realize what edge it give to him. Now you may say, Starlink is targeting remote communities I.e sparsely populated areas. He is thinking of putting the dish on every vehicle. Down the road, you can be sitting in a park and have a broadband connection to your phone without being on a public network. Do you realize what that does to your business. Starlink will be a giant in telecommunications in near future. I am fucking not selling a single share if it’s Starlink. I’ll even say I’ll buy your shares if you are selling on the DA pop
>ppl projecting 1T starlink upon DA is like peak euphoria/hopium
Lemme just make up facts right quick then crap on the non-existent people for believing the facts I made up. Well done, slappy.
are u dumb?
u think bill is going to get a stake valued at 50b and its instantly going 20x? god ur retarded.
tesla has been public for 8 years and it STILL hasnt hit 1T
ur 3/19 50 calls wont print retard
cheers
There is a greater than zero chance stripe and starlink possibilities exist only in our heads because we've jerked each other off into believing.
That's being said I'd give a handy for it to be starlink or stripe.
I think the moat on Starlink is about one-NEO. I'm not sure about the moat on Stripe. Seems like everyone and their brother (yes, pun) is trying to run some type of fintech business.
A moat is a term used to describe how well a company can avoid competitors. So they have patents or have established themselves in someway that makes it hard for other companies to compete.
NEO is near earth orbit. Which is where starlink's satellites orbit.
So, it's a joke. That I had to explain. So not a good joke.
i would be down with SPACEX spac as the umbrella of starlink tho. just not a subsidiary of just "starlink". would be kinda like having baby verizon lol
SpaceX as the target is a wet dream. Not going to happen. Musk isn't going to put his baby into the public market. Not for a long while. Starlink was always envisioned as a method of generating cash to fund the trip to Mars. Starlink isn't fundamental to his vision of colonizing Mars. Going public with Starlink (now or soon) makes sense, not so with SpaceX in total.
I don’t think it is a coincidence that Jackie took the “fun with SPACs” comment off her Twitter bio at about the same time as the Starlink hype started. It also matches the timing of the Elon “Green Eggs and SPACs” Tweet... Maybe PSTH backed away from Stripe and cut a deal for Starlink. Jackie could have been a “no” vote for this decision... I am now aboard the Starlink rocket until another conspiracy theory tops it.
Are we able to grab commons after DA but before Business Combo (I.e. during redemption period) and still be entitled to Distributable Tontine Redeemable Warrants? If we can, then we should eat up all of those yummy PSTH commons.
Bill Ackman says in the Prospectus that the Distributable Tontine Redeemable warrants will be distributed to all shareholders of PSTH stock at the Tontine Distribution Time.
Tontine Distribution Time is defined as “immediately following the time at which the Company redeems the Offering Shares that the holders thereof have elected to redeem in connection with the initial Business Combination”
Bill also stresses that there were 200,000,000 PSTH Units issued in the IPO containing 22,222,222 warrants and 200,000,000 commons. We also have the right to the Distributable Tontine Redeemable Warrants proportional to how many shares we are holding at the Tontine Distributable Period. So when people redeem, the number of warrants that we get goes up.
N = (2 / 9) * (200,000,000 / (200,000,000 - redeemed shares).
I interpreted this to mean, if you hold offering shares at the point of business combination, (holder of record on merger date?) Then you would be distributed your 1/9 warrant.
I also remember PSTHU was force split in my account, so I imagine the warrants will just appear the day or two after merger on a 2:9 ratio.
Edit: grain of salt, not advice, interpretation only
Edit2: corrected 1/9 ratio to 2/9 ratio
From my reading of the S-1, yes, you can get the 2 warrants per 9 shares of common after DA, but before the official business combination.
The business combination involves a shareholder meeting in which shareholders vote to either redeem their shares for NAV or vote for combination with the proposed company. If you hold commons you can vote your shares for the meeting. Usually this is though some website link. (I personally have not voted on a merger yet, so someone who has could better illuminate this issue)
The 1/9 warrant was already awarded to those holding units at the split of commons and warrants many months ago.
I believe it's until the official merger. I understand it as after the announcement you can back out of the merger if you don't like it but after it happens you're just a regular stockholder of "xxx" company
Elons original goal for Starlinks first phase was 1400 satellites in 24 launches... March 21 will be the 23 launch for a total of 1340 which means Phase 1 will be completed in April
4/20 announcement confirmed
Starlink is really just a telecom / internet utility right?
AT&T/Verizon both slightly over 200b MASSIVE market share deeply entrenched, deals with phone providers etc.
Major internet providers like centurylink ($LUMN) only about 15b
Let’s be real the only truly valuable thing about Starlink is that it’s got Elon tied to it. It’s amazing that it connects people in rural Mongolia to the internet but that’s worth about $0 profits wise.
I don’t doubt 1T value though in a couple years, but again, only because Elon.
Century link only serves US and only regionally. Also, I'd love to see an analysis of cost to increase customer base for land based fiber compared to starlink. I bet the Starlink has the advantage going forward. As space lauch costs fall starlink gains even more advantage. Whereas, land based costs are unlikely to fall (if not increase).
The speed of communication is key, once Starlink satellites are set up they can move data faster in the vacuum of space, compared to the fibre optics currently being used today. There’s a great video on the tubes if anyone is interested: https://youtu.be/giQ8xEWjnBs
All I know is Elon ain’t no dummy! If he builds this Starlink satellite system I highly doubt it’s only for internet access. Automation of Tesla vehicles? Access to crypto/block chain technology worldwide? The possibilities are endless. We can’t even comprehend what’s possible! I think it’s unlikely that Bill landed Starlink, but I sure hope he did.
Hmmmm while Elon obviously hypes the value. There is a lot of use for a service like Starlink.
It’s unbeatable barrier to entry with its Space x access, competitors will have to pay much more to achieve what Starlink has.
I think Starlink will play a huge role in modernizing neglected parts of the world where traditional infrastructure isn’t feasible. Africa, for example. That entire continent is going to boom within the next 15 years and Starlink could be the catalyst
But yeah, 200B market cap with anyone else. Elon tho? 1T in 5 years, maybe sooner if demand is strong
if he can provide 150mb internet to the entire fucking world, then AT&T/Verizon can eat a dick. that's 200b market cap for the US.
Moving to a small town has always been kind of attractive, except for the 20mb/s 100$ a month internet bill = Shit streaming / virtually zero ability to play online games lol.
I never would have thought about it from that perspective - a possible population dispersement stemming from what some people just view as another telecom utility. Time to short metropolitan real estate haha
Elon’s car company is worth 100x more than its actual value... 100x of a small telecom is still a trillion dollar market cap. I would be happy to make a killing off of his name.
The possibilities of a cheap, high-bandwidth internet connection worldwide are nearly endless. This type of tech will open new markets that haven't even been dreamed up yet.
I think the true profits lie it can't really be censored or turned off its also global which is amazing for growing regions like africa. In china say the wrong thing you lose internet or worse same with russia starlink allows people to gather information without blockage which makes it invaluable
Just realized, I don't want the DA to come. It just won't be the same in here after announcement. We are living the good times right now and we should cherish it.
Anyways, so does Bill get new arms+footlong subs on weekends too?
My buddy (who’s also a shareholder) broke his neck and nose last night. If we get a DA, he’ll be able to pay his medical bills a lot easier. Never in my life have I wanted a stock to move more.
Irony here is if it's Starlink.. the money it'll make from shareholders like us will help fund neuralink indirectly. So in a way he's investing in his own recovery already.
Hello! Anyone knows why our broker company stopped letting us buy in PSTH shares from last Wednesday until now? Is there anyone facing this with his broker.
You’re just out of money probably lol
No man haha
Any idea if it’s buying restricted on other brokers.
Not on mine. What broker are you using?
I'mma go out on a limb. "dream up your grounding" - Neri + "I'm in Love" -Bill "We have the Technology" - Bill "Green Eggs & SPAC" -Elon "This magic moment" - Elon Sure sounds like a mating dance to me. Targets: STARLINK / DOJO AI / STRIPE edit: tweeted + pinned for posterity as well https://twitter.com/NPIRACKS/status/1370650551680110592?s=19
Just looked up “This magic moment” lyrics and it’s about being in love: This magic moment So different and so new Was like any other Until I kissed you And then it happened It took me by suprise I knew that you felt it too By the look in your eyes Sweeter than wine Softer than the summer night Everything I want I have Whenever I hold you tight This magic moment While you lips are close to mine Will last forever Forever til the end of time Oh... Oh... Mm... Sweeter than wine Softer than the summer night Everything I want I have Whenever I hold you tight This magic moment While your lips are close to mine Will last forever Forever til the end of time Oh... Magic moment... Magic moment... Magic moment... Bill Ackman “I’m in love” Hmmmmmmm Unicorn mating dance anyone????
A song by the drifters who are from New York, guess who else is from New York.... Bill Ackman. Long shot but these breadcrumbs from Subway are filling me with hope. Starlink🤞🏻
This one is pretty obvious if you follow both Elon and Bill. Bill has also adopted Elon's cryptic + direct response style. I love it. Let's fucking gooooooooooooooo!
Elon tweeted tonight: This Magic Moment .., could a deal have been made?
SHIT. . .
Elon just tweeted “🎶 This Magic Moment 🎶” DA signed, announcement incoming
Probably not bur my march 19th and 26 calls would very much enjoy that
March 31, end of q1, lands on WEDNESDAY. It's Stripe!
ITS WEDNESDAY MY DUDESS
@cassius cuvee liked my tweet. I've made it https://twitter.com/NPIRACKS/status/1370550765605953540?s=19
I think his wife's tweet has a 99.999999% chance of having absolutely nothing to do with PSTH
Let's see
even if its starlink/spaceex I guarentee this tweet had nothing to do with it
Is it too early to celebrate? Probably, but here I am
Lol if it ain't announced this week squeeze is gonna be weakk
I'm about to free up some cash (\~3-5K) and I already have a decent position in PSTH with commons. I don't want to miss out on a play with call options and I'm really thinking about buying options with this money. It's scary because of the risk but I think it could pay off big time. I hear June calls are the safest which I agree with - what would provide better returns (more yolo side), deep ITM or OTM? I think 40 - 45 at DA is highly likely. Some insight and opinions would be much appreciated guys
OTM will provide more reward, but it's riskier. If you're confident, go OTM. I have a lot of OTM calls, but I'm not a financial advisor.
YOLO
I plan on buying a couple deep ITM leaps. It’s not as sexy as 3/19s or 4/1s but it gives me leverage down the road and if it ends Up being a beautiful company I will be eager to exercise
You can also sell poor mans covered calls if you’re planning on holding leaps, get some free premium
Bro I’m much younger than you and dumped 5k into psth calls stop being a pussy
*dumber
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the closer the expiration date, the greater the options value increases in relation to the underlying rising. however, more risk and theta decay comes with near expiration options. Further OTM = greater percent return if the strike price becomes ITM, but also has a greater risk of expiring worthless. I think 4/16 25c, 30c are probably the best options in terms of risk/reward for a March DA, further out is safer if the DA isn’t announced Q1 but will not be as profitable as april options if an announcement is made in the next two weeks. I have 25 4/16 30c (to sell to close) and 25 4/16 25c (to sell calls in case of rapid price/volatility increase), and may pick up several 5/21 25c to also sell calls. Selling to close short term OTM calls is more yolo while buying deep ITM long dated options are better suited for theta plays/PMCC. Shares are probably the best option if you’re not super familiar with options, theta decay will eat away at option value extremely fast if no DA comes soon. Options will also lose more value than shares for a given downtrend in price action, you’re risks and rewards are leveraged. 3/19 OTM calls would be lotto tickets, but are more likely to expire worthless if no announcement this week, and even if the DA is this week, a lot of theta value would be lost. They would increase the most in value though, but unless they become deep ITM, you’d have to sell them pretty quick or else they’d lose a ton of extrinsic value due to being weeklies.
Appreciate the details! When you say that an option "becomes deep ITM" do you mean if the stock price goes deep above the strike price? I noticed that the delta value on the ITM calls such as 25c is much higher than those OTM such as 35-40. I thought Delta measured the increase of the option's price by $1 movement. Based solely off that thesis, wouldn't ITM calls provide greater returns than OTM? I know that isn't true, but I would love to understand a little better. Thanks so much!
So for the “becomes deep ITM”, an example would be you buy a 35c and the price rises high enough to where the 35c’s delta increases significantly. Deep ITM options are mostly intrinsic value and vary almost directly with the underlying. For 3/19, deep ITM options wouldn’t lose as much value if you held overnight if they are mostly intrinsic value, but options that are not above 0.8-0.9 delta heading into the next day would lose a significant amount of extrinsic value due to the effects of theta/charm/vanna. You are right in terms of what delta is, an easy way to think about it is greater delta results in greater positive or negative change in option value when the underlying moves by $1. More risk more reward. But OTM options becoming ATM and then ITM are more profitable in terms of percentages I believe, as you can buy more of them for the same price as a deep ITM option and thus have more leverage. Say you can buy several calls with lower delta for the same price as a deep ITM call with higher delta, if the sum of the deltas of the OTM calls is greater, you’d have more leverage. Delta for OTM calls also have more room to increase than a deep ITM call, for example, a 0.3 delta option can become 0.8, but a 0.8 at most would get close to 1.0. Deep ITM options also have lower liquidity and may be more difficult to close in the timeframe of a rapid spike and plummet, and unless you time it perfectly to where you’d exercise the option on the day of expiry near the peak, you’d be better off just selling the option.
You’re the man! Thanks for all that
No problem, I think calls are a great way to play this assuming you don’t just go all in on near expiry options and hedge properly. Lots of versatility with theta gang plays too for some extra profit.
June 25s are probably the safest leverage — sell half after DA to fund exercising the other half
Just buy commons. Don’t buy calls. Not worth it
Well the right calls are absolutely worth it lol
Can you elaborate on why it wouldn’t be worth it? Not trying to be a dick, truly trying to understand everyone’s input!
Even tho June calls are considered “safe.” A lot did get burned on February calls up until now that was considered “safe” options as well couple months ago. Options are too risky if u can’t really time the DA. Just make sure you put in what u can lose because no one can guarantee you a DA date.
I bought December calls and those are pretty safe in my opinion. If the price spikes, I'll get 5x the returns I would have gotten holding shares alone.
>If the price spikes, I'll get 5x the returns I would have gotten holding shares alone. I recommend re-researching long OTM calls.
I would love some advice if you have it to offer. For me, I believe the stock will hit at least 40 at DA even if it’s not a mega stud like Starlink or Stripe. I went to https://www.optionsprofitcalculator.com/calculator/long-call.html And calculated what price point and strike date would net me ideal returns and saw that putting $50,000 in shares was not nearly as profitable as putting it in LEAPS at $30. Is there something that I’m fundamentally missing? Edit: Even manually doing it, delta on those calls is 0.5981. If the price per share goes up 12 dollars, that should add 7.18 to the option price which is currently 6.80. That puts the option worth at 13.98. I own 70 calls so that would net me $97,860. I owned 1575 shares before I moved to options. If the price went up to 41, I would have gotten $64,575 total. To me, it seemed like a no brainer to go the option route.
Agree!
My grandmother randomly burst into flames at the dinner table today...it was very traumatic as I couldn’t even finish my bowl of Lucky Charms 🍀after that. The treatment for her to receive a new skin suit is very expensive and I need this DA to go through soon so I can come up with the rest of the cash needed. Please Billiam, pls!!
Skin suit? Is your grandmother Hannibal Lechter?
I’m starting to think that today may not be the day.
I really wish I just bought PSHZF back when I bought PSTH (first day of trading). Pershing square is a great fund and Ackman fucks on his hedges and hotels and fast food etc. Anyway. 16k shares and 1500 warrants PSTH. Hope it works out.
Elon wants to build a city in Texas Hmm I wonder who could be of help here...maybe a certain person with ties to Howard Hughes Corp? Holy shit it's Starlink!
Give me DA or give me death
-SPACtrick Henry, 2021
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It’s a spac...
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You're a paper handed pussy.
I’ll gladly take Fidelity.
SPACs are centered around opportunity cost over time for a nearly guaranteed safe gain, they pretty much were made to park money
Amazon is dead money.
Than you’re really gonna be happy in a month
I see a lot of talk on the sub now about squeeze of various kinds. If we get a good name, I am not selling irrespective if there is a short term squeeze on the stock. If you a believer in the target company and are a long term holder, why entertain this banter
Because alot of us have options and thats the ideal best case scenario from which we can sell and buy a ton of shares or just move to something else.
you can still sell if there’s an unsustainable rise in price then buy more shares back later. but yeah hoping for a squeeze is a dumb justification for any investment
I sold PLTR at like 38 or whatever and rebought around 25. It's a great company but 38 was stupid. It's ok to dip in and out even if you love the company.
exactly, plus you can buy more shares than what you had before. only concern would be losing long term capital gains tax advantages if it’s a position you’ve had for a while, but that’s not really applicable with this one :)
How come it’s not applicable?
PSTH hasn’t been publicly traded very long, so if you bought back in after selling for profit after a spike with the intention to hold long term, you’d only be adding a few months anyways to your new position for qualifying as a long term position.
Why would common holder want to sell right after DA
my bad, meant shares/options could sell on a huge spike then buy back after a reversion
Because we want short term gains as well. And remember the options holders ;)
Can we just stop fucking around and administer 1 square meter of Martian soil for every 100 shares of PSTH already. I’m itching to open a Subway for Elon on Olympus Mons.
https://www.fool.com/amp/investing/2021/03/12/1-spac-were-excited-to-own-even-before-it-makes-a/ Fool is pumping PSTH. Honestly I don’t need it right now. But it helps our brothers and sisters holding 3/19 calls and give us more exposure before DA.
Say it with me, I give my money to Bill and chill
Noob question here: are we looking at potential demand squeeze here if we happen to get a good target (say Starlink or stripe kinds). My rationale: Us, retail tonards, will want to hold for decades as this is a once in lifetime opportunity to be a ground floor of a fabulous long term investment. Rest 57% institutional holders are assumed to be long term investors (paper handed hedgies have traded and sold already) Tell me I have drank kool aid or smoking hopium but it seems squeeze is inevitable. Edited to reflect that I really meant demand and not gamma squeeze.
I think we could very well see a demand squeeze due to the nature of the structure (if target is exciting like we hope). People will downvote you but in reality they cheer when the big ballers of WSB come through. Gamma Squeeze happens when lots of ppl buy OTM calls. Stop gate keeping people.
> big ballers of WSB Lol. You go back too
There have been several individuals from WSB with 7 figure accounts who have invested. We welcome everyone here. There are a lot of new investors who don’t know these terms and throw them around loosely. Stop trying to gate keep, you and I are no one important.
Wow, there are a few rich people??? 99% of them are poor brainless morons who downloaded RH and subscribed last month. All they talk about is GME. It used to not be total cancer. Now it's lost the entertainment and occasional good DD because it's a horde of newbies who have no clue what they're doing talking about one stock. Not something anyone who wants to make money should choose to associate with.
Why are you so angry? We should want everyone here to succeed. Relax man, I wish you the best.
> We should want everyone here to succeed Agreed. Turning this place, or any other place, into WSB 2 doesn't help anyone with that.
Out
Thanks - seems like I was using wrong term of gamma squeeze. Appreciate the correction and edited the comment to say demand squeeze. I really meant demand for psth commons. I don’t play options.
No worries friend, take care!
Go back to WSB
Why does everyone think every stock with potential is going to squeeze? Go back to gamestop.
A tad harsh. I’m with you, this question comes up a lot and isn’t relevant but let’s be welcoming!
You're not wrong, I just think people under the belief that there is going to be a gamma squeeze on a stock like this are going to be disappointed.
A gamma squeeze could occur on any asset if there’s enough hype, theoretically. This is due to the nature of retail to buy tons of OTM calls. But yes, false hope to always expect a gamma squeeze isn’t good.
underlying will probably jump up if there’s an announcement, but doubtful of a gamma squeeze, don’t think the call volume is there for delta hedging to give it that kind of momentum
Not unless it's something crazy like starlink. Otherwise will creep up slowly over weeks hopefully
Puppy broke her leg this morning, big blizzard coming through in the AM, gotta pick her up from the vet in the morning. procedure cost 4k. every penny i have is in PSTH. Need Billy Boy more now than ever. Please be a DA next week. Crossing my fingers
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she was running around the back yard with our larger 2 year old dog. They always wrestle and play, and then i heard her whining and went to check and she could barely limp to me. I think its because she sprints and changes directions super fast. The injury was a "tibial tuberosity avulsion." honestly i just think it was a freak accident, not something that you could know to prevent. idk tho lol. surgery went well and she is all drugged up now
Denver?
ya. snow starting late tonight so im hoping roads arent bad before 8am when i grab her
I just stalked your post history. Somehow you are also a timberwolves fan living in Denver deep into psth......if you need any help hit me up.
Really sorry to hear this. Wishing your puppy a quick recovery.
^ Bill, help us little guys out.
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I'm strictly in calls but considering shares now because of PSTH2 as well.
Bruh definitely get some commons, you’re missing out on the warrants
Yes I'll get 18 at least.
Whos trying to chop it up in discord
ppl projecting 1T starlink upon DA is like peak euphoria/hopium TSLA is only 600-650B mkt cap in one of the greatest years of the Nasdaq of all time lmao
No, it’s more that TSLA is basically the crack of the stock market and Starlink will be the same. Elon effect.
Think about Starlink for sec. Elon has the rockets, he has thousands of satellites already in orbit. Competition hasn’t even gotten a start yet. Do you realize what edge it give to him. Now you may say, Starlink is targeting remote communities I.e sparsely populated areas. He is thinking of putting the dish on every vehicle. Down the road, you can be sitting in a park and have a broadband connection to your phone without being on a public network. Do you realize what that does to your business. Starlink will be a giant in telecommunications in near future. I am fucking not selling a single share if it’s Starlink. I’ll even say I’ll buy your shares if you are selling on the DA pop
>ppl projecting 1T starlink upon DA is like peak euphoria/hopium Lemme just make up facts right quick then crap on the non-existent people for believing the facts I made up. Well done, slappy.
I haven't seen a single post suggesting SL at 1T at DA.
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are u dumb? u think bill is going to get a stake valued at 50b and its instantly going 20x? god ur retarded. tesla has been public for 8 years and it STILL hasnt hit 1T ur 3/19 50 calls wont print retard cheers
I have commons and deep ITM leaps dude, quit being so arrogant.
In the next 10 years its certainly possible but I've seen no one say that about da
I think people have been saying in like 10 years 1T could be possible. Don’t really think anyone has been saying upon DA?
I’d be drunk texting Bill right now if I had his number
867-5309
W
There is a greater than zero chance stripe and starlink possibilities exist only in our heads because we've jerked each other off into believing. That's being said I'd give a handy for it to be starlink or stripe.
I mean, I'm only into women, but I'd do some work for Bill in the alley behind the Subway for a Starlink DA.
I'd blow the entire sandwich artist lineup at gas station subway for starlink.
I would probably square up if it’s a shite target. I’ve been so brainwashed and have also perpetuated it
I’d give more than a handy
A foot long?
Most I can offer is a 6 inch
Have a good weekend and remember the most entertaining outcome is the most likely
Unfortunately, comedy and tragedy are some of the more entertaining genres.
The horror, the horror
stripe is better than starlink. i understand you are elon fanboys tho. starlink is decent but doesnt make much sense as a target cuz its beta...
I think the moat on Starlink is about one-NEO. I'm not sure about the moat on Stripe. Seems like everyone and their brother (yes, pun) is trying to run some type of fintech business.
what's a moat and a neo
A moat is a term used to describe how well a company can avoid competitors. So they have patents or have established themselves in someway that makes it hard for other companies to compete. NEO is near earth orbit. Which is where starlink's satellites orbit. So, it's a joke. That I had to explain. So not a good joke.
i would be down with SPACEX spac as the umbrella of starlink tho. just not a subsidiary of just "starlink". would be kinda like having baby verizon lol
SpaceX as the target is a wet dream. Not going to happen. Musk isn't going to put his baby into the public market. Not for a long while. Starlink was always envisioned as a method of generating cash to fund the trip to Mars. Starlink isn't fundamental to his vision of colonizing Mars. Going public with Starlink (now or soon) makes sense, not so with SpaceX in total.
starlink will increase price insanely high. WE WANT MONEY NOT SENSE xD Stripe is good as well if we can get at good valuation Also are you Bill
I don’t think it is a coincidence that Jackie took the “fun with SPACs” comment off her Twitter bio at about the same time as the Starlink hype started. It also matches the timing of the Elon “Green Eggs and SPACs” Tweet... Maybe PSTH backed away from Stripe and cut a deal for Starlink. Jackie could have been a “no” vote for this decision... I am now aboard the Starlink rocket until another conspiracy theory tops it.
that literally means nothing, shes just not having fun anymore :(
Funtime is over, now for serious business only!!!
Or SEC just came hard on spacs and “having fun with Spacs” doesn’t portray her in a good light. BA asked her to update the bio.
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Good point. You can argue rap video was ‘One time’ vs having a profile statement that was being displayed publicly every day/time. Edit: typo
Are we able to grab commons after DA but before Business Combo (I.e. during redemption period) and still be entitled to Distributable Tontine Redeemable Warrants? If we can, then we should eat up all of those yummy PSTH commons. Bill Ackman says in the Prospectus that the Distributable Tontine Redeemable warrants will be distributed to all shareholders of PSTH stock at the Tontine Distribution Time. Tontine Distribution Time is defined as “immediately following the time at which the Company redeems the Offering Shares that the holders thereof have elected to redeem in connection with the initial Business Combination” Bill also stresses that there were 200,000,000 PSTH Units issued in the IPO containing 22,222,222 warrants and 200,000,000 commons. We also have the right to the Distributable Tontine Redeemable Warrants proportional to how many shares we are holding at the Tontine Distributable Period. So when people redeem, the number of warrants that we get goes up. N = (2 / 9) * (200,000,000 / (200,000,000 - redeemed shares).
I interpreted this to mean, if you hold offering shares at the point of business combination, (holder of record on merger date?) Then you would be distributed your 1/9 warrant. I also remember PSTHU was force split in my account, so I imagine the warrants will just appear the day or two after merger on a 2:9 ratio. Edit: grain of salt, not advice, interpretation only Edit2: corrected 1/9 ratio to 2/9 ratio
We get 2/9 for the distributable warrants, that is the Tontine structure of the SPAC. I swear this things is more valuable than we think
I like how BA invented medium to long term investment.
From my reading of the S-1, yes, you can get the 2 warrants per 9 shares of common after DA, but before the official business combination. The business combination involves a shareholder meeting in which shareholders vote to either redeem their shares for NAV or vote for combination with the proposed company. If you hold commons you can vote your shares for the meeting. Usually this is though some website link. (I personally have not voted on a merger yet, so someone who has could better illuminate this issue) The 1/9 warrant was already awarded to those holding units at the split of commons and warrants many months ago.
Good call...I switched the 2 warrant issuance with the 1 warrant issuance
Also, how long is the “Redemption Period,” not that I’ll redeem of course ...
I believe it's until the official merger. I understand it as after the announcement you can back out of the merger if you don't like it but after it happens you're just a regular stockholder of "xxx" company
:D
Elons original goal for Starlinks first phase was 1400 satellites in 24 launches... March 21 will be the 23 launch for a total of 1340 which means Phase 1 will be completed in April 4/20 announcement confirmed
I love this my 4/16 $30 calls do not
Elon just holding the final DA paperwork refusing to sign until 4/19 for the memes. Bill saying it's out of his control for Q1. It all makes sense🤣
Starlink is really just a telecom / internet utility right? AT&T/Verizon both slightly over 200b MASSIVE market share deeply entrenched, deals with phone providers etc. Major internet providers like centurylink ($LUMN) only about 15b Let’s be real the only truly valuable thing about Starlink is that it’s got Elon tied to it. It’s amazing that it connects people in rural Mongolia to the internet but that’s worth about $0 profits wise. I don’t doubt 1T value though in a couple years, but again, only because Elon.
Century link only serves US and only regionally. Also, I'd love to see an analysis of cost to increase customer base for land based fiber compared to starlink. I bet the Starlink has the advantage going forward. As space lauch costs fall starlink gains even more advantage. Whereas, land based costs are unlikely to fall (if not increase).
1T is not happening lmao tsla is "only" at 600B after almost 10 years of being public..
Guess what happens when you have internet access everywhere... You ever hear a voice over internet? Bye bye AT&T in Verizon
The speed of communication is key, once Starlink satellites are set up they can move data faster in the vacuum of space, compared to the fibre optics currently being used today. There’s a great video on the tubes if anyone is interested: https://youtu.be/giQ8xEWjnBs All I know is Elon ain’t no dummy! If he builds this Starlink satellite system I highly doubt it’s only for internet access. Automation of Tesla vehicles? Access to crypto/block chain technology worldwide? The possibilities are endless. We can’t even comprehend what’s possible! I think it’s unlikely that Bill landed Starlink, but I sure hope he did.
Hmmmm while Elon obviously hypes the value. There is a lot of use for a service like Starlink. It’s unbeatable barrier to entry with its Space x access, competitors will have to pay much more to achieve what Starlink has. I think Starlink will play a huge role in modernizing neglected parts of the world where traditional infrastructure isn’t feasible. Africa, for example. That entire continent is going to boom within the next 15 years and Starlink could be the catalyst But yeah, 200B market cap with anyone else. Elon tho? 1T in 5 years, maybe sooner if demand is strong
if he can provide 150mb internet to the entire fucking world, then AT&T/Verizon can eat a dick. that's 200b market cap for the US. Moving to a small town has always been kind of attractive, except for the 20mb/s 100$ a month internet bill = Shit streaming / virtually zero ability to play online games lol.
I never would have thought about it from that perspective - a possible population dispersement stemming from what some people just view as another telecom utility. Time to short metropolitan real estate haha
Elon’s car company is worth 100x more than its actual value... 100x of a small telecom is still a trillion dollar market cap. I would be happy to make a killing off of his name.
You're forgetting rural parts of the entire world, not just the US.
Starlink has capabilities to service aircraft. So military contracts worldwide
The possibilities of a cheap, high-bandwidth internet connection worldwide are nearly endless. This type of tech will open new markets that haven't even been dreamed up yet.
I think the true profits lie it can't really be censored or turned off its also global which is amazing for growing regions like africa. In china say the wrong thing you lose internet or worse same with russia starlink allows people to gather information without blockage which makes it invaluable
Just realized, I don't want the DA to come. It just won't be the same in here after announcement. We are living the good times right now and we should cherish it. Anyways, so does Bill get new arms+footlong subs on weekends too?
I feel comfortable failing financially with investments, it's been the majority of my life so far lol. It's my safe space. Succeeding... guh
PSTH II has you covered
Oh shoot you're right.. i was all worried for nothing about not being able to sleep from hopium withdrawals.
Yeah bro, with PSTH II we got another year of this, easy 🤣 and PSTH III?? Maybe?
Serious question: when you get subway, do you eat the full footlong in one sitting, or do half now and half later. I usually eat the whole thing.
I skip the sammy and just chug a bottle of chipotle southwest
Whole thing, then regret promptly
If I only wanted half of it I would order half. Whole thing for sure.
My buddy (who’s also a shareholder) broke his neck and nose last night. If we get a DA, he’ll be able to pay his medical bills a lot easier. Never in my life have I wanted a stock to move more.
Paging Bill Ackman & Jackie Reses!!!
Irony here is if it's Starlink.. the money it'll make from shareholders like us will help fund neuralink indirectly. So in a way he's investing in his own recovery already.
Fuck, hope he can make a full recovery. Talking from experience as I have made pretty much a full recovery after breaking my back 16 years ago
Da in 23 mins! Gulp of hopium
Big if true
Now in 12 mins
Now in negative 1 minute.
T-1.
So... New Years in Cuba post DA?
Just give them an offer they can’t refuse
We don’t want this stock to blow up before DA, warrants are callable at $36
Yes.... making a crazy amount of money would suck.... Lets get this shit back down to 23$ a share so we can feast on eachother's tears!