The contract expiration was last Friday. The contracts expired worthless so on Saturday My account was granted 100% of this credit because they expired out of the money.
If they would have expired in the money I would of had to purchase 300 shares at 114.00 and still received the credit lowering my cost basis 1.04 to 113.00 a share. Then I would get the dividend by ownership since Xdate is 2 weeks from now.
Either way I am happy. I do this with one or more stocks every week on the weeklies option chain on blue chip dividend payers!
I also sell covered calls on my holdings when appropriate increasing my dividends and lowering my cost basis. Lots of Fun and lots of extra dollars!
You can follow me over here: https://investorshub.advfn.com/Dividends-Dividend-Capture-and-Covered-Call-writting-36919/
---The Happy Trader
Recent EDF News
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