Now that the window to convert warrants (DJTWW) into shares (DJT) is open, by paying $11.50 per warrant to convert, then the price difference between warrants and shares SHOULD stay pegged very closely to shares being traded at an $11.50 premium, compared to warrants... But they're currently not.
As I type this, that premium is only $8.63 which means shares are priced at a bargain, compared to warrants. So, basically, $11.50 minus $8.63 equals a discount of $2.87 currently.
Because of this, I'm temped to sell my 2,000 warrants, and use that $ to buy 1,280 shares. Doing this would mean, essentially, that I would be saving ($2.87 x 1,280 = $3,673) vs. if I wait to convert those warrants down the road.
This is in an IRA, so there is no tax implication for doing this. I just wanted to see if anyone had any thoughts on this that I might be overlooking, before I go ahead and do this. Thanks.
Sell,sell sell. You lose your long tem capital gains,but that doesn't matter.
It’s in an IRA, so there’s no difference between long or short Capital Gains.
Sell,and buy the dip even,