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June 29, 2020

Event-Driven Winning…


On Monday morning, I posted an article about the extreme mispricing of Nikola Motor’s warrants (NKLAW – USA). While there were ways to arb this trade in an almost risk-free manner, I went into them naked as the spread was so damn wide. Since that time, the warrants have risen by roughly 50% (hitting a high of $41 vs roughly $28 when I posted). ... Read More
Categories: Investments
Positions Mentioned: NKLAW
June 22, 2020

NKLAW’s ED “Issues”…


Ever since I mentioned my event-driven book last week, I’ve had a bunch of questions on it from readers. I’ve been hesitant to speak much about this ED book as the opportunities tend to be short-term in duration and the overall win-rate often isn’t that good. It’s more about risking something tiny to see what happens, applied across a large number of situations. However, ... Read More
Categories: Investments
Positions Mentioned: NKLAW
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