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12/06/06 10:04 PM

#41066 RE: Chris McConnel #41065

I'm gonna need it. How much lower can short rates go?

One bank I keep up with raised auto loan rates this week for the first time in 3 months.
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Stock

12/06/06 11:07 PM

#41077 RE: Chris McConnel #41065

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.