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Post# of 94785
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Drexion2004

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Drexion2004

Re: joenatural post# 84900

Wednesday, 08/10/2011 12:31:35 PM

Wednesday, August 10, 2011 12:31:35 PM

Post# of 94785
You can buy GA at $8 and buy Sept $7.5 puts for like 40 cents.

Get $3 dividend after August 31st (even if its like $2.5 after withholding/dividend taxes/etc)....And you are protected by the put so you cannot sell for less than $7.1.

8-7.1 = .9 cost.

3 - .9 = $2.1 surefire gain at dividend tax rates.

As long as they really pay the dividend to shareholders on record at August 31st as they claim ;).

-Fernando
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