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cloud_coder OP t1_j21jnn2 wrote

Uh oh. SBF is alledged to have diverted customer funds to invest in "Mysten Labs and fintech company Dave". $100m each.

Dave is publicly traded. Current price is 52 Week High $15, 52 Week Low $0.25. Soon to be even less if they claw back.

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World_Navel t1_j21katq wrote

Current market cap of DAVE is about $102.6 million. Take away $100 million of that and there won’t be enough left to stay listed.

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Soft-Cryptographer-1 t1_j21kqlr wrote

Puts on DAVE

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World_Navel t1_j21lhrk wrote

Not sure puts would pay off when the company gets de-listed tho?

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pegothejerk t1_j21t6uh wrote

Dave’s not here man!

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Moontoya t1_j2214kh wrote

I understand what you're trying to do Dave, I'm afraid I can't let you do that.

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cheepcheepimasheep t1_j24m89g wrote

On top of that, the break-even for every put on $DAVE is negative dollars. As in, you won't break even on a put unless the share price is < 0 dollars. Which is impossible. Don't buy puts.

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