F declared their regular dividend and a special dividend of .18.
My Calls with a $13 Strike are now 12.82.
Humph.
My Calls with a $13 Strike are now 12.82.
Humph.
F Special Div Changes Strike Price?
- Thread starter Arnie Guitar
- Start date
F F! I dunno' why I am still holding onto that dog.
This is normal for special dividends.
I just recently had my FPI options changed after their special dividend.
#54075
Date: February 07, 2024
Subject: Ford Motor Company - Cash Distribution
Option Symbols: F/1F/2F
Date: 02/15/2024
Ford Motor Company (F) has announced a Supplemental Cash Dividend of $0.18 per F Common Share.
The record date is February 16, 2024; the payable date is March 1, 2024. The ex-distribution date for this
distribution will be February 15, 2024.
Contract Adjustment
Effective Date: February 15, 2024
New Multiplier: 100 (e.g., for premium extensions a premium of 1.50 equals $150.00;
a strike of 12.00 yields $1,200.00).
Contract
Multiplier: 1
Strike Prices: Strike prices will be reduced by 0.18. (For example, a strike of 0.35
will be reduced to 0.17; a strike of 30.00 will be reduced to 29.82)
Option Symbols: F remains F
1F remains 1F
2F remains 2F
Deliverable Per
Contract: 100 Ford Motor Company (F) Common Shares
CUSIP: 345370860
Disclaimer
This Information Memo provides an unofficial summary of the terms of corporate events affecting listed
options or futures prepared for the convenience of market participants. OCC accepts no responsibility for
the accuracy or completeness of the summary, particularly for information which may be relevant to
investment decisions. Option or futures investors should independently ascertain and evaluate all
information concerning this corporate event(s)
You might want to subscribe to any of the free exchane/OCC sites that provide a heads up
Date: February 07, 2024
Subject: Ford Motor Company - Cash Distribution
Option Symbols: F/1F/2F
Date: 02/15/2024
Ford Motor Company (F) has announced a Supplemental Cash Dividend of $0.18 per F Common Share.
The record date is February 16, 2024; the payable date is March 1, 2024. The ex-distribution date for this
distribution will be February 15, 2024.
Contract Adjustment
Effective Date: February 15, 2024
New Multiplier: 100 (e.g., for premium extensions a premium of 1.50 equals $150.00;
a strike of 12.00 yields $1,200.00).
Contract
Multiplier: 1
Strike Prices: Strike prices will be reduced by 0.18. (For example, a strike of 0.35
will be reduced to 0.17; a strike of 30.00 will be reduced to 29.82)
Option Symbols: F remains F
1F remains 1F
2F remains 2F
Deliverable Per
Contract: 100 Ford Motor Company (F) Common Shares
CUSIP: 345370860
Disclaimer
This Information Memo provides an unofficial summary of the terms of corporate events affecting listed
options or futures prepared for the convenience of market participants. OCC accepts no responsibility for
the accuracy or completeness of the summary, particularly for information which may be relevant to
investment decisions. Option or futures investors should independently ascertain and evaluate all
information concerning this corporate event(s)
You might want to subscribe to any of the free exchane/OCC sites that provide a heads up
Last edited:
So the Cliff notes are...If you hold 100 shares of shit, you will now still hold 100 shares of shit.
Thanx for the update.
I'm trying to figure out the motivation for a company to do a special dividend.
I'll have more of diluted shares because of DRIP,
which I'm in,
or I'd get a check if not in DRIP.
What is the meaning of what a company does with excess cash?
I've heard criticism of share buy backs,
"That's the best thing they can think of?
Aren't there any M&A opportunities?""
I've heard criticism of dividends.
"That money should go to research, modernization, etc..."
I think I'm too simple minded for this type of thing.
Or maybe I need that second cup of coffee...
I'll have more of diluted shares because of DRIP,
which I'm in,
or I'd get a check if not in DRIP.
What is the meaning of what a company does with excess cash?
I've heard criticism of share buy backs,
"That's the best thing they can think of?
Aren't there any M&A opportunities?""
I've heard criticism of dividends.
"That money should go to research, modernization, etc..."
I think I'm too simple minded for this type of thing.
Or maybe I need that second cup of coffee...
at the end of the day if you don’t or aren’t going to get a dividend or aren’t going to get your capital back, the ownership in the company is worthless.
the counter to your argument is that the officers of companies that have to maintain dividend payouts are more prudent with their cash.
Oh gosh, I didn't think I was making an argument.
If that's what you got out of my post,
I worded it poorly.
Like I said, it's early.
Cut a brother a break.
If that's what you got out of my post,
I worded it poorly.
Like I said, it's early.
Cut a brother a break.
Pretty sure it doesn't matter anymore. I've held F for years, and have lost so much in equity, the dividend is exactly = shit. Who the fuck cares, man.
You are not wording anything poorly, other than not realizing that you are trying to put perfume on a pig.
It's a POS stock, so dividends matter not.