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Message

re: DWAC - Trump backed media SPAC

Posted on 12/6/21 at 9:12 am to
Posted by skinny domino
sebr
Member since Feb 2007
14348 posts
Posted on 12/6/21 at 9:12 am to
quote:

Does the news about the $1B in funding make this move Monday?
CNBC has a breaking news snippet that SPAC is being investigated by the SEC....just rolled across their web page at 9am.
Posted by buckeye_vol
Member since Jul 2014
35242 posts
Posted on 12/6/21 at 5:18 pm to
Well it looks like Devin Nunes is going to be the CEO of the Trump Media & Technology Group.
This post was edited on 12/6/21 at 5:19 pm
Posted by Retrograde
TX
Member since Jul 2014
2900 posts
Posted on 12/6/21 at 6:43 pm to
Bought at 25, sold at 121, bought again at 50, sold at 60, now OVE been selling puts at 40 for the last few weeks. The implied volatility is so I’m
I’ve loving it
Posted by Large Farva
New Orleans
Member since Jan 2013
8330 posts
Posted on 1/6/22 at 2:46 pm to
DWAC is heating up
Posted by Lightning
Texas
Member since May 2014
2300 posts
Posted on 1/6/22 at 2:47 pm to
Came here to post the same thing. I'm not seeing any announcements?
Posted by ItzMe1972
Member since Dec 2013
9824 posts
Posted on 1/6/22 at 3:27 pm to
What's the differance between DWAC AND DWACW?

--
(Bloomberg) -- The blank-check company set to bring Donald Trump’s media company public rallied along with other stocks tied to the former president after news his social media app is close to making its debut.

The Truth Social network app, a piece of Trump’s plans for a media and tech empire, is expected to be available starting Feb. 21, according to a posting in Apple’s App Store. Shares of Digital World Acquisition Corp., the company set to merge with Trump Media & Technology Group, spiked 20% after the posting circulated in chatrooms and social media.

CF Acquisition Corp. VI, a blank-check firm set to bring Rumble Inc. public, also rose. Rumble and Trump Media have inked a tech and cloud services agreement for Rumble to deliver video and streaming for Truth Social. Shares of the SPAC rallied as much as 4.1%, extending a four-day winning streak.
Posted by Lightning
Texas
Member since May 2014
2300 posts
Posted on 1/6/22 at 3:49 pm to
DWACW is a warrant to buy a share of DWAC at a specified price.

quote:

Each whole warrant entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share


Posted by Retrograde
TX
Member since Jul 2014
2900 posts
Posted on 1/17/22 at 7:50 am to
Ok so the option chain on DWAC is absolutely insane right now.

For tomorrow I am going to sell a 6/17 ATM $70 put for $40 premium.

For a while there I was selling atm puts for $500 week/contract when the price was 50 a share, but volatility dropped a little.
This post was edited on 1/17/22 at 11:57 am
Posted by ChairmanOfThisBoard
Member since Mar 2010
133 posts
Posted on 1/17/22 at 8:58 am to
I purchased 250 shares of DWACW back when it was $9. Now that they are trading for nearly $25, I'm debating on whether or not to cash out with my $4k earnings or ride it out until I can exercise the warrants. If the common shares stay around $70, I stand to gain $12k.
Posted by Retrograde
TX
Member since Jul 2014
2900 posts
Posted on 1/17/22 at 11:59 am to
I bought in at 25 and sold on the run up at 121, starting trading again when it leveled around 50.

At this point if you could just play with house money if you think there will be some bruises coming. The app launches mid February and I’m sure something bad will happen, so I’m sitting out in about a month.

Posted by Black n Gold
Member since Feb 2009
15409 posts
Posted on 1/17/22 at 1:14 pm to
Any word on when this merger will happen? Will have to be before February, correct?
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
10760 posts
Posted on 1/18/22 at 2:28 pm to
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
10760 posts
Posted on 1/18/22 at 2:40 pm to
(no message)
This post was edited on 1/18/22 at 2:42 pm
Posted by Retrograde
TX
Member since Jul 2014
2900 posts
Posted on 1/18/22 at 6:29 pm to
I did this in the morning. An insane premium to collect


This post was edited on 1/18/22 at 6:34 pm
Posted by Big Scrub TX
Member since Dec 2013
33580 posts
Posted on 2/16/22 at 5:29 pm to
The DWAC Jan 130 puts are trading for 103.

How can any sane person be long this name?
Posted by DaTruth7
Member since Apr 2020
3811 posts
Posted on 2/16/22 at 11:38 pm to
Yeah, all those "not sane" people making bank and retiring early off this. What idiots right? Your schtick is played out.
Posted by Auburn1968
NYC
Member since Mar 2019
19683 posts
Posted on 2/17/22 at 9:03 am to
With FB, Twitter and all of the big social media becoming partisan woke censors, half the world will be very hungry for an alternative. Trump has a huge following for the initial spark.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74248 posts
Posted on 2/17/22 at 9:08 am to
quote:

Yeah, all those "not sane" people making bank and retiring early off this. What idiots right? Your schtick is played out.



Big Scrub continues with his massive TDS
Posted by Big Scrub TX
Member since Dec 2013
33580 posts
Posted on 3/14/22 at 4:17 pm to
quote:

Big Scrub continues with his massive TDS
Right. I'm the one making the stock tank.
Posted by CajunTiger78
Member since Aug 2017
2528 posts
Posted on 3/18/22 at 1:26 pm to
What is happening with this one? Up more than 6% in last hour.
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