UAA is the voting shares and UA is the non-voting class of shares of Under Armour. Other than that they are the same. Lately the 2 have been diverging (compare the 2 in the month view of your favorite chart). I have been racking my brain on how to monetize this anomaly. They will have to revert back to mean at some point. But I can’t think of a GREAT way to do this. The easy answer is short one and long the other, but I would like a more powerful way to do it. I think time degredation will take options out. Anyone else with ideas?
Also my thought is a big player has to buy voting shares and is pushing UAA and UA will spring up to join it. Maybe just UA leap calls?