HOVRW Risk Profile

May 8, 2026

Made with ❤️ by Yellow Bat

Position

Investment

$

Allocation70% HOVRW

30% HOVR

70% HOVRW

Shares

1,255

Warrants

16,666

Updates the model only — does not place a trade.

Model inputs

HOVR

$

HOVRW

$

HOVRW market IV83%

HOVRW market IV

83%May 8, 2026

Model date

May 9, 2026

Today+1y+2yExpiry

Chart range

$25

Position value (Black-Scholes) All-stock P/L If redeemed (intrinsic)

Position value

$10.0K

▼−$11 · −0.1%

At HOVR $2.39·FD cap $169.7M

P/L

−$11

vs. all-stock

−$11

HOVRW BS market check

$0.42(-0.00 vs mkt)

Key thresholds

Breakeven
$2.39
0.1% from spot
Strike (exercise)
$11.50
+381.2%
Redemption trigger
$18
+653.1% from spot
Time value at risk
$7.0K
BS − forced exercise

Model terms

Expiry

Jan 12, 2029

Time to expiry

2.68y

3Y Treasury

3.92%

Model date

May 9, 2026

HOVRW IV

83%

Informational only; not advice or a recommendation. Data/calculations may be wrong or delayed; verify independently.