Traders Cooperative

[Taxmantoo]

X-Div date is like 3-4 days before record date.
Of course, the holder can always exercise a day or two before X-Div date.

I still shocked that somebody exercised my GSI $5 June calls in mid-May. At the time it happened, selling the shares at bid and exercising the option netted more money than selling the option at bid. Soon after, I sold $5 puts for $0.90, so I made an extra $0.90 off the early exercise.