Not too happy with my warrants right now, but haven't done too bad for the year:
800 FEACW - +$2154 - +$2266 - +$1280 Rumored to bring Sportrader public
500 FREEW - -$426 - -$346 - -$380
600 IMTXW - -$477 - -$381 - -$570
300 PAEWW - -$213 - -$231 - -$144
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950 CCI+ -$649 Not selling until the symbol changes to UTZ
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All warrants sold in 2020 per Ameritrade cost basis:
200 ACTWW +$15.50
200 FEAC+ +$397
200 NKLAW +$490
2300 PRPLW +$3068
200 DKNGW +.15 bwahaha lost the government fee
Barchart often shows stocks when they can no longer be found to look at on Ameritrade, etc.: barchart.com
06/02/2020 13:01:43 Bought 100 DKNGW @ 29.51 -2,951.00 0.00 0.00
06/02/2020 13:41:45 Bought 100 DKNGW @ 28.57 -2,857.00 0.00 0.00
06/04/2020 11:38:24 Sold 100 DKNGW @ 29.51 2,950.92 0.00 0.08
06/04/2020 12:50:50 Sold 100 DKNGW @ 28.57 2,856.93 0.00 0.07
Best possible outcome of the trade was $31.17 a share, +$409. Whole thing was dumb on my part, as I didn't know the redemption terms.
Lesson learned: 1) know the terms on warrants that rocket up. 2) keeping away from high priced warrants, should make #1 unnecessary, most of the time.
Under the terms of the Warrant Agreement, DraftKings is entitled to redeem all of such outstanding public warrants if the reported closing price of DraftKings’ Class A common stock is at least $18.00 per share on each of twenty trading days within a thirty trading day period. This share price performance requirement was satisfied as of May 21, 2020.
globenewswire.com
All such public warrants may be exercised by the holders thereof until 5:00 p.m. New York City time on June 26, 2020 to purchase fully paid and non-assessable shares of Common Stock underlying such warrants, at the exercise price of $11.50 per share.
Any such public warrants that remain unexercised following 5:00 p.m. New York City time on June 26, 2020 will be void and no longer exercisable, and the holders of those public warrants will be entitled to receive only the redemption price of $0.01 per warrant.
benzinga.com
"The company has decided to extend the public warrant exercise period through Thursday, July 2 to allow holders of public warrants additional time to exercise their warrants," a DraftKings spokesman told Benzinga in an email. |
