Replies to post #317420 on SPDR S&P 500 (SPY)

[NetNeutral]

It appears to be a Slow-Roll on da-Road to Perdition ALL, and we'll step aside today and let da-Boyz have da-Stage, eye think that's the least we can do in appreciation of dare Awesome ability to Manipulate prices at will and line our pockets whilst doing it, not that(IT), da-Manipulation Fools, LOL...


Have a GREAT DAY ALL...

[2H2]

Your thesis proven and explained:

https://sixfigureinvesting.com/2010/01/next-spy-ex-dividend-date-19-march-2010/

One phenomenon associated with ex-dividend dates of stocks/exchange-traded products is the possibility of option early assignment. When a stock goes ex-dividend the traded value of the stock typically drops by about the amount of the dividend. For the stock holder of record, the overall value of their investment stays constant because they are eligible for the dividend, which will be paid out at a later date. However, holders of long call options do not get compensated for the drop in value due to the dividend. This loss is most significant for soon-to-expire options that are in the money. To avoid this foreseeable loss, call holders will usually either exit their positions or exercise their options (assuming they are American style) to obtain the stock and its associated dividend. If you are short these same call options into the ex-dividend date you will likely find yourself option-less with a short position in the underlying security, or minus your shares if you were a covered call writer. Unless this was your intent you should probably close out your short positions or roll them to a later date / higher strike before the ex-dividend date.

[NetNeutral]

Ok, BBP decides those 6/30 220 calls look tasty and adds them at 2.15(100 contracts)!!

[NetNeutral]

BOOM, BOTH ports adding 312 6/19 puts at 2.70, completing the third leg of a Guillotine Head-Press!!

BBP, 100 contracts

PBP, 1 contract