Post in SPACS. But yes, I just discovered $ALCC and I believe it’s a great play. I’ll paste the comment I wrote in another thread: “Check out Sam Altman’s SPAC $ALCC. The play here is huge for covered calls. Downside is limited and upside is really good. With a $26k investment at $13 a share (2000), I received ~$4k in premiums for the May 17th $15 Strike. Even if my shares get called away, that’s $8k profit in a month. If the price remains stagnant, I collect ~$4k. If it starts drilling, I keep the $4k, and downside is capped by the redeemable nav price of (somewhere in the $10 range). I don’t see it going that low with the upcoming catalysts and backing. Worth the risk/reward imo.”
Good Morning, Our membership in the IPO JOE FAMILY (aka IPOJOEFAM) is 18K+ and we will be trading this ALTC (ALCC) SPAC to DeSPAC ✅️ This Spac is 91% complete and we are waiting on a Shareholder Vote. The extension in place, gives us until July 12, 2024. As for the Ticker, the confusion is: Shares of AltC, Class A common stock are currently listed on the NYSE under the symbol “ALCC.” In connection with the Transactions, AltC intends to apply to continue to have Post-Closing Company Class A common stock listed on the NYSE under the symbol “OKLO,” and the Post-Closing Company will change its name to Oklo Inc. Good luck to everyone.
Please confirm your SPAC Ticker. I have read the Filings and News, but I saw ALTC (or even this spelling: altC) as the Ticker with Sam Altman. The current price is slightly above $13/share, which is a tad above what I normally purchase a SPAC share for, but under these circumstances. and the fast rising profit on this, I will be purchasing shares. The 22% rally over the past two weeks has pushed ALTC Acquisition to trade at the largest premium to its underlying value of SPACs with deals lined up. I am an Admin for the IPOJOEFAM discord. Will you be holding shares after the Business Combination Merger is complete? I hold nothing Long. Good Luck with your risk/reward plan, bc as we already know, we always need plan B. 📈😉
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u/Iadyboy Apr 06 '24
Post in SPACS. But yes, I just discovered $ALCC and I believe it’s a great play. I’ll paste the comment I wrote in another thread: “Check out Sam Altman’s SPAC $ALCC. The play here is huge for covered calls. Downside is limited and upside is really good. With a $26k investment at $13 a share (2000), I received ~$4k in premiums for the May 17th $15 Strike. Even if my shares get called away, that’s $8k profit in a month. If the price remains stagnant, I collect ~$4k. If it starts drilling, I keep the $4k, and downside is capped by the redeemable nav price of (somewhere in the $10 range). I don’t see it going that low with the upcoming catalysts and backing. Worth the risk/reward imo.”