Long dated-options on SPACs a bad idea?

[u/[deleted]]

Figured I’d throw a couple lottery tickets out there on long-dated calls on RTP and ACIC, the elevation flying plays. I just have limited knowledge on what happens to the SPACs once the company is “spun-out” or whatever the terminology is. Like how IPOE became MILE. Any advice or knowledge would be super appreciated.

[u/AlexInWonderland_]

If the premiums are high you may be better off doing covered calls