On Sept 19 FSC had an SPO and was just starting to recover from the resulting pps drop from arrouind 10.50 to arround 10.10 up to arround 10.30 when the budget/debt problems dropped it back to the SPO price, and today the ex div has held it down to where it is a good buy.in the 10.12-10.14 range. Buy it, it will make you happy.
Here is a dicey trade with FSC with a 30 day hold.
I did 25K on this today on top of the one I did earlier in the month that captured the Oct. Dividend.
You can sell the Nov16 $10 for 20c (I actually got 21c a contract.. not sure how that works?)
Buy the stock at 10.06 to cover.
You will collect the 9.5c November Dividend and then get called and make around 14c when you get called before commissions.
1) It only grants a few percentage points of padding against the stock falling
2) FSC will probably declare it's next dividend sometime in November. If major cut happens, price will probably fall.