AGCB - Altimeter Growth Corp 2: Buying Options On A Tech SPAC
- I never imagined I'd put out something with a title like this.
- Earlier in 2021 and the end of 2020, I mostly saw opportunities to buy units, engage in buy-writes, and sell puts on SPACs.
- At the time, both valuations and volatility in SPACs were quite elevated because of their notorious explosive upside.
- We haven't seen many examples of that explosive upside lately and volatility and price have come down across the space.
- The opportunities are now different, but it remains THE single most interesting corner of capital markets.
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Altimeter Growth Corp 2: Buying Options On A Tech SPAC