Violent Portfolio: Adding another Merger Arb

So the market has gotten a little worried and I want to lock in some 4% gains in less than 2 months by arbitraging the prices of PBKS and MTB. Remember the beauty of Merger Arbitrage is that the net cash outlay is positive (meaning you should have a positive cash position after executing the trade). Because they have, in a way, 0 net investment, these strategies are usually leveragable. Most merger arbitrage funds use significant leverage!

Disclaimer: I am long PBKS, short MTB

Here it is:

strategy	security	price	units	cost	Net
Buy	PBKS	7.95	1000	5	-7955
Sell Short	MTB	48.23	-170	5	8194.1