DWAC Options: A Seller's Market?
News broke that Digital World Acquisition Corp. (DWAC) shareholders approved the merger with Trump's Truth Social parent company. The stock, now trading as "$DJT," saw a wild ride from $17 to $79.
This volatility translates to high implied volatility (IV) for both calls and puts, making it a potentially lucrative time for options sellers, not buyers. Consider the $2.50 DWAC puts expiring in January 2025. These contracts are reportedly offering juicy premiums around 35% – a significant return for a seller.
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