POLESTAR AUTOMOTIVE: MacroDoζer Summer Special 2/5 (+43%)

We Are Beginning To Close The Summer Specials

Executive Summary

• We close before Jackson Hole.

• No FOMO, no greed.

• Costs of rolling could be high, and forty-plus seems fair.

1. Recap Situation

We imagined it would be fun to toy with one of the market's most liquid SPAC mergers. Leonardo DC, The Party, everybody seemed involved. FOMO up. Implied volatility was high, and we sensed a solid price floor and price ceiling not far from our break-evens.

Check out the original BrainDoζer below.

PSNY: MacroDoζer Summer Special 2/5

2. Why Now?

Polestar’s option chains are not as liquid as we wanted them to be. With tomorrow’s hand grenade Jackson Hole event, we better close the trade instead of risking a role into the next month. The costs of rolling could be higher than usual.

Also, we are not opposed to trades north of twenty percent RoC with contract maturity nearby. A return above forty is fair, especially after last week’s sell-off. There is no need to be greedy, even though the return was much higher some days ago. C’est la marché.