We’re just about halfway through 2026 and we have a front runner for special situation trade of the year. Let’s go to the tweet now that embeds seem to be working again.
For a trade that’s 10 days old and sized up with leverage, this is a best-case scenario.
- I have a significant gain on the Rupert Resources shares that converted to Agnico Eagle shares.
- Those contingent value rights I got for free now trade on the TSX under the symbol AEM.CV, so there’s liquidity whenever I want it.
I plan to deleverage eventually, but I want to press my luck and sell covered calls against my new AEM position. If my stock is called away between $250 and $260 in the next few months with some options income on top, that’s a 25 per cent gain before factoring in the CVRs.
Micro caps are nice. Special situations pay the bills.
