Some small hedge funds are going to blow themselves up on this arbitrage. They'll get in and go too far out on a limb of low liquidity. The apes will take their gambling tokens and crush them once they figure out what is happening. The setup will be right in the SEC form 13F's. A theatre chain has nothing to do with it. It just becomes math.
To my earlier point about margin reqs, i can do a MTUM-VLUE spread any day with decent margin, but this just seems waaaay higher. So I don’t think is just a portfolio margin vs not portfolio margin issue
