Arbitrage update The Nav-Mkt spread holds about 17 cts, with 35 days to commission free payout.
(Payment delays may affect the % return calculation). But assuming purchase of
10,000 units at 7.68 & commission of 1%, net annualized return rate is near 18%,
remembering the Oct 31 nickel.
Smaller lot purchases at high commission rates can't realize the gains, but e trades
may also be in the money, lthough only for loose change. A lot of e-trading has been
seen in the level II reports in recent days, and often at prices a penny or two lower!
Where have all the Arbs gone?