Long Straddle

Long Straddle with Cineplex
September 11, 2020
Trading Idea

Long Straddle with Cineplex

Patrick Ceresna

Before the corona crisis hit, Cineplex was scheduled to be taken over by UK-based Cineworld Group in a $1.65 billion transaction. Cineworld was going to pay $34 per Cineplex share. However, the closing of the Canadian economy due to the coronavirus crisis led Cineworld to claim that there had been a material adverse change...

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