BUY TITr vs SELLING TIT
Interesting news from the TIT IM CC
During the CC the CEO said they will take collapsing the spread to the board in H2.
It trades around 17-22% normally. As we write it is at 16.3%.
So you’re downside if they vote no is probably 3-5%.
With your upside being 18%.
Would be happy to put the spread on at 17% or wider.