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Pretty much what I said 3 pages ago

"not that much" is a relative phrase, some might think its not that much and other will never see that much in their life time. In general 2.5 mil is "that much" in that the vast majority of people dont have it including you. Its a moot point since you cant buy one for 2.5mil

it sounds to me as if you're implying that people are not 100% honest on these forums? If thats the case I'll have to totally rethink this whole internet forum thing.

Yea I forgot they have been in a legal fight for a while. Either way who ever asked the question is not going to become a member anytime in the near future.

The CBOE is I believe owned buy the CBOT who in turn is part of the CME Group long past demutualization. "hitting the bid" as you describe would be in a situation where you were a seller. The OP was talking about buying which would be "taking out the offer"

You would need a BD first and a sponsort ship. Then you would need to show the SEC and the Exchange liquid assets and personal balance sheets. Then you would need to fill out reams of paperwork and have an association with a clearing firm. Then you would also have to take their class and pass...

Nothing more than a crap shoot

The original question on this thread was about dividend capture using a covered call strategy. The definitive answer is that the dividends are already priced into the calls and therefore there is NO true dividend capture writing covered calls. IN all of the other examples you’re assuming...

Since when are you an options market maker?

No sweat

Well now that you changed the story it’s a different case in that particular instance. You omitted some pertinent information in your original story which you just added. Did you post your coat tail trade on in somewhat real time here on ET? I said it before and I’ll say it again…...

If you’re a market maker you’re not walking around and stopping in to buy some calls here and buy some puts there. Your job is to make markets in specific issues and make markets in every series in those issues. Despite seeing 5000 contracts trade on what appears to you to be the offer...

What exactly would the SEC be looking for? People speculating that an announcment is coming?

maybe some firm closed down a position they had been building. Maybe some firm sold them to open vs. something other than GE

Spin, no problem, you'll be the only one in the market tomorrow!

It’s not really an opinion that the options get exercised it’s a fact of the markets efficiency. The same goes for the dividends being priced into the options. If there were additional money to be made in the dividends beyond what’s priced into the options the whole institutional world...

the div is priced into the June too.

Virtually all of the calls which should be exercised do get exercised. In addition if the dividend is significant, the mm's and other professionals will do dividend lottery spreads with each other to move themselves into nearly 100% of the short open interest. I have outlined the dividend...

DITM calls will be exercised on you prior to ex div you can bank on it. There is no easy 5% laying on the table.

Whoever wrote that piece should be fired. As others have said the dividend is priced into the call and you won’t be collecting it one way or another.