Re: Possible arbitrage on OSTK
Interesting.Did it concern you or have you figured out why the spread grew on dec 29 between the two,as now it has the deepest discount you speak of. Dec 29 Ostk vs ostbp had been close for months. Doing a chart comparison shows new heavy buys in ostk shares and ostbp spread commence starting Dec 29.Puzzling as to why the spread grew so greatly.
One last thing, wall street usually does not miss gifts like this.Do you think the discount is based on one giving up the common and swings, and going the preferred.I would not mind executing what you did. What was your percentage of common selling and going the preferred route. Thanks