Last SPO was @ 23. Is this one going to be 23, less than 23. They always discount the price. What about book vaule? Would they do one that doesn't add to book vaule. I would think they would want the price to run a little first.
They have a little time from the last SPO to delay this one since they didn't raise the DIV. That money had a few weeks to go to work. what does the DD think.
I agree with the comments. Probably no immediate offering. No s-11 yet and current price character relative to bv. Thanks. My july 22.5 might still become profitable. I bought at 1.25 still have 22 contracts left.
I am convinced, once again, that my practice, going forward, is deep ITM Calls, getting as close as possible to Par, at inception, to squeeze as much as possible out of weak performance in the underlying.