Interesting setup: long $STRC / short $STRF pair. You pick up ~300bps, get seniority, plus dividend deferral optionality.
Not a slam dunk but the structure favors you if things get choppy. Main issue: $STRF borrow probably nonexistent or stupid expensive.
Classic case of a trade that looks clean on paper until you try to put it on.
Not a slam dunk but the structure favors you if things get choppy. Main issue: $STRF borrow probably nonexistent or stupid expensive.
Classic case of a trade that looks clean on paper until you try to put it on.