← Back to dashboard
Share
1100%
r/wallstreetbets
thoughts on convergence trade for SpaceX IPO?
Investor summaryNeutral
User explores a convergence trade to capture a $25 spread between SpaceX IPO shares and Hyperliquid's price.
Bull points
- Potential to capture a $25 risk-free spread between the IPO price and secondary market.
- Convergence trade theoretically locks in profit upon IPO settlement.
Bear points
- High counterparty and smart contract risks on decentralized platforms like Hyperliquid.
- IPO shares may face lock-up periods or settlement delays preventing immediate arbitrage.
Post body
#
I have access to 50 shares at $135 price point for IPO. Current Hyperliquid price \~$160. I'm thinking short hyperliquid for 50 shares to capture the $25 price difference for 50 shares. Thoughts, am I missing anything here? Seems like guaranteed money so I'm probably missing something.
[](https://www.reddit.com/submit/?source_id=t3_1u2iden&composer_entry=crosspost_prompt)
Discussion · top comments
No comment snapshot fetched for this post yet.