AI
Wednesday, December 06, 2006 11:07:01 PM
I just looked at a non-div. adjusted SHY chart and I am pretty sure that I am hosed. The stock tanks after they issue the dividend on the 1st -- and then recovers.
Maybe the trade is to go long the stock 5 days after the 1st and buy covered calls, then sell both the day before the dividend. The dividend is almost 30 cents a month.
Or one could just hold the stock and trade options around it. Anyway, I'm really bummed now. Pretty stupid move on my part. No wonder the LEAPS had no trades.
Maybe the trade is to go long the stock 5 days after the 1st and buy covered calls, then sell both the day before the dividend. The dividend is almost 30 cents a month.
Or one could just hold the stock and trade options around it. Anyway, I'm really bummed now. Pretty stupid move on my part. No wonder the LEAPS had no trades.
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