backtothebeach

Looking at the option chain I could not find a hedged way to do it (which does not mean there isn't one...). IVs are so high that credit spreads don't bring in enough. If you are willing to go naked, selling TLRY July or January 2022 calls, and buying APHA (at the merger ratio) from the proceeds should work. Select the short call strike so your net cost is 0. If you can stand the possible short squeeze in terms of your margin... I might put on a paper trade. Too risky to do with enough money to move the needle in real life.

Could be COST (Costco) as well. The stock disappeared from the last 13F.

$7 - $10B option is missing...

Have you tried contacting IB via chat about this? I have a diagonal spread where the plan is to roll the short option forward each week as long as the premiums are so crazy. Luckily (?) yesterday I already rolled the 01/29 expiry to 02/05. If they don't sort it out until Monday/Tuesday I'll try to request that they enable my account to trade these options. Maybe a futile attempt, but otherwise they would force me to close out the trade altogether.