PRPB is DeSPAC-ing into Getty Images. Has options, got some 8/19 7.5P/5P bearish put spreads. It’s a company with revenue and positive earnings, but the $4.8B valuation assigned to it seems rich. So expecting it to fall from here, though not crash to $2 levels.
Buy order filled for $0.50, is $0.425 now, thanks to prices holding up well after losing the floor.
If redemption numbers are high, this could end up spiking too. Though its not total junk, so shouldn’t have astronomically high redemptions.
