I read this three times. It fully explained everything to me. You have been so kind to me and explained so much. Now I understand some of the common strategies. One can buy a stock maybe a week before the ex divy date and sell at a nice premium the day before the ex divy date, since the stock rises. They can also hold and sell the morning of the ex divy date, at perhaps a decent profit if he sell fast enough, and also receive the divy.