Early exercise + dividend capture: Did I miss obvious $?

[Kibitzer]

Well, you need to quantify the risks... do an assessment.

The risk is that you will be a bit more delta long than you would like.... so, how much can you take? And if you're not assigned, how much is the profit per share (dividend minus put value). Is that amount big enough for you to bear the risk of a small drop... Usually stocks tend to go higher anyway the day after dividend.

Give me an example, what was the exact situation? Which stock, dividend, which call option...

It's fine. With the unassigned contracts, I'm getting someone's juicy dividend lunch, but not for free with the overnight near-ATM covered call risk. I understand I have to do a risk assessment. If I really didn't want to deal with it, I'd just buy back the short calls and sell the stock. Thanks.

Edit: I just wanted to mention in the thread that non-assignment (div > put premium) happens to me often when the strike is close to the money, and I don't know how to take a nearly risk-free advantage of it because I don't know what percent will be assigned.