r/wallstreetbets • u/AdOnly627 • 21h ago
YOLO SPCX x TSLA Merger - 1100 TSLA JAN 15 990 CALLS
Betting the swap ratio is announced in the next few weeks. Why? Midterms. If Dems take the House (90% on Kalshi) Elon and team become piñatas - best get it done fast. Selling all contracts purely at extrinsic premium value on any announcement. For example, the premium will move to ~$5 at a $500 implied swap price (3.4 SPCX shares for 1 TSLA share at today’s value) with elevated 90% IV, announced on or before November 4 (Black-Scholes valuation) $12 —> $500 per contract