If you are planning on holding, you might consider buying the warrants. They are currently at 27.35 though that might change before open.
The warrants are like a single stock option offered by the company (DWAC). Upon maturity (some time after the merger) you have the option to buy a share of DWAC for $11.50 for each warrant you hold (strike price). Assuming the merger happens that puts the per share price at $39 (currently) instead of the $81 or whatever its at atm.
If you set a limit order it will execute if the price is under the limit (or later falls under the limit). Do not set a market order. There is no telling how high it could go. It could even go down. The stock is currently super volatile, with short selling already happening. Everyone is also buying though too, so its probably trending up.
To my understanding, not a financial expert by any means, there are a few ways you could do that. Depending on the brokerage you are using, they might have the option for you to buy as soon as the pre market opens which is at 8AM if I recall correctly. That would give you the best chance of buying before the price can fluctuate and you can also set a limit order so that you aren't surprised by a jump (for example setting it to buy 1k of stock at no more than 30 per share). Some people have gotten burned with the halts and then the order executing when the halt ends and the stock has jumped in value. Take care and always be sure to investigate, fren!
If you are planning on holding, you might consider buying the warrants. They are currently at 27.35 though that might change before open.
The warrants are like a single stock option offered by the company (DWAC). Upon maturity (some time after the merger) you have the option to buy a share of DWAC for $11.50 for each warrant you hold (strike price). Assuming the merger happens that puts the per share price at $39 (currently) instead of the $81 or whatever its at atm.
Just a thought.
Can’t get DWACW on Public or Webull…what brokerage can you get it?
It's on Fidelity.
If you set a limit order it will execute if the price is under the limit (or later falls under the limit). Do not set a market order. There is no telling how high it could go. It could even go down. The stock is currently super volatile, with short selling already happening. Everyone is also buying though too, so its probably trending up.
To my understanding, not a financial expert by any means, there are a few ways you could do that. Depending on the brokerage you are using, they might have the option for you to buy as soon as the pre market opens which is at 8AM if I recall correctly. That would give you the best chance of buying before the price can fluctuate and you can also set a limit order so that you aren't surprised by a jump (for example setting it to buy 1k of stock at no more than 30 per share). Some people have gotten burned with the halts and then the order executing when the halt ends and the stock has jumped in value. Take care and always be sure to investigate, fren!