S2 Option Trader

[Newly2b]

I've been there, done that. Sometimes have to hit myself between the eyes with a 2X4 just to keep focused on some of this stuff, LOL.

I only happened to notice it because of an exercised naked call I sold leaving me with the short position in the stock, and with their ex-div coming up I had made a note to self to be sure to cover those shares prior to the ex-div date even if it meant taking a loss so I wouldn't be obligated to pay the dividend. As luck would have it, this little correction ensued and I was able to exit with a slight profit after holding that short position (@$129) for nearly 3 months.

Moral of this story? Sometimes it is better to be lucky than smart, LOL.

Newly