I haven’t fully traded into my position in PRIS, but I have an urge to share the idea with another investment professional. Why would I want to do that before I’ve traded into it?
Perhaps it’s because I want to impress the other person or because I altruistically want him to benefit from the idea. I think these motivations are bad reasons to share the idea.
Maybe I want confirmation of the arbitrage or ideas on how to trade it better. That might make a little more sense.
Ultimately I suspect my motivation to be closer to the former two than the latter two because I’m pretty confident in my understanding of the trade. I’ll hold off discussion for now until I’ve fully traded in.