Merger Days Be Like That

$Grab Holdings (GRAB.US)$ $Astra Space (ASTR.US)$ $Rocket Lab (RKLB.US)$ Rough one out there today but don't fret. Look at charts like ASTR, AUR, RKLB. All 3 were spacs and they followed the same pattern. In fact, all good spacs follow the same pattern.

Shoots high on DA - Shorted down due to length of time before merger - sits around $10 for awhile - iv is super low, you buy contracts well passed proposed merger date - merger rumblings and news - price shoots up - shorts cover with volume and on the way up while cashing in on calls.

In this case, like the others, the price fell through $10 on merger date but will start trading like a "real stock" next week. Merger is always weird.

Like the others, we are likely to see a 5% institutional buy or at least a lot of interested parties. This causes significant price moves up. Relax and enjoy if you're a long term investor.

If you bought contracts for December, shitttt. They still might be worth hanging on to since under $8 isn't likely to happen. I for one will wait for things to sort itself out, iv to chill, and then I'll buy back in.

2-3 year steady play.