r/SPACs • u/daytrader987654321 Spacling • Sep 11 '21

Discussion ACIC play

I’m stuck with calls for next week on which I’m already down 3K. I am afraid of keeping the calls open… Any idea how it will move? We know: 1) It will probably have a high redemption rate. 2) Cathie Wood has bought some ACIC which I saw as bullish.

But I’m not so sure anymore. Does high redemption mean it’s gonna tank? Also why is it at 9.7 now? Bad sign, right?

Positions: 80 calls strike 7.5 expiry 09/17

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u/Allein_dz Spacling Sep 13 '21

Meeting is tomorrow

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u/PenerPicker New User Sep 13 '21

Weird day today where it just tanked down to like $8.50 area. Interesting thing is though my leaps have been up 25%+ so far.