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December 4th, 2017 at 5:42 pm
mitomeio / FTR – The stock is ex dividend on 12/14 so stock must be owned unit end of day 12/13 to get the dividend. I have been toying with the idea of selling the 8 or 9 dollar calls for both Dec and Jan – the Dec calls are on some shares i'm selling as a LT loss to offset other gains. The ones in Jan are half of my remaining shares. I expect that there are lots of people buying this for the .6 dividend and on 12/14 will dump it. I'm not sure where it will settle but i expect it will be quick and probably more than the .6 dividend price. If you look at the historical chart, the price dropped between .7 and 1.0 on the ex dividend date. I'll wait till i think this has stopped going up ( but no later than Friday or Monday) to sell my short calls.