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LOL. Good point.

And perhaps there's selling pressure as all who bot the stock for the dividend see that rise and lock in some gain? Honestly, I don't know what historical statistical bias there is after a split or special dividend but my assumption is that the quality of earnings orsubsequent news would be...

No more than you're willing to lose :)

What's her last name ??? :confused:

Yes, it is a taxable event in the US and recipients will donate whatever bracket they're in but that's a separate issue from the corporate action which is simply a special cash dividend of $8.50 per share. On the ex date, the stock will drop $8.50 and the strike prices will be reduced by the...

I may be one of those guys who had his 15 minutes of fame (the past two years). I hope I live long enough to see another swan dive (crash of '87, interent bubble, GFC) and I'm not drooling in my depends then... well not actually into the depends. Well, you get the idea :D Gotcha on the...

Ask me if I care. Or just pull my thumb!

My two cents is that positions that sell high volatility are a good way to cope with paying thru the nose for inflated IV. For example with earnings announcements, buying 2nd month lower IV to hedge selling near month high IV. It really boils down to your ability. If you're one of the few...

Next thing you know you'll be trying to tell me that dividends aren't FREE money !!! :)

Pardon, but what's AUM?

At brunch today I met a noob who just completed a 7 full day intro to trading course for 5 grand. Nice bright guy (mid 50's) wanting a secondary income source to his part time consulting work. Without a doubt he got a fast track book learning curve on trading (TA indicators, patterns...

I've come to the conclusion that there are no retail options traders who consistently make money. That's an invalid conclusion. If you don't know of them, that doesn't mean that they don't exist. I don't know many traders but I know one who consistently outperforms the S&P with options...

Before using sophisticated software, it might be useful for the masses to understand options :)

Any chance that options aren't adjusted prior to the ex-div date? :confused: :D

Suppose you could find the most volatile strike prices. What good would it do you? If you bot calls and the stock dropped, you're whacked. If you bot puts and the stock rose, you're whacked. It's all about the underlying. It's good to have an inquisitive mind looking for an angle but...

>> Dont bother trading the news. Save yourself the time, the headache, and the money. << For equities, avoid the after market unless you're fast and disciplined. Pre-market can really rock and roll on good/bad news. Reg hours has the liquidity so a better place for advanced noobs to start. :)

An Appel a day keeps something or other away :)

And that isn't counting his previous user names :)

Hey Mark, LTNS No flak back atcha :) As I stated, I just don't see what Greeks will do for a covered call writer. You know you buy price and premium received. You know your cost basis, return if unchanged, return if assigned, etc. Every day you know where you stand - stock gain or loss...