In these cases it could be worth to buy some Puts for insurance. I didn't play LO long post-dividend. Got the 105 Puts for a 10x return. If one was long, the 105 Puts could have greatly offset the loss from the sell off, or one could have made money from it. In the case of FTE, if I had a significant holding I would have bought the 20 puts for insurance.
I bought for the div, but I'm holding for the share price appreciation, which seems to happen after the div is paid and the share price has dropped. Win big on both the div and the share price appreciation. We're around 21.33 as I post. wouldn't be surprised if we hit $22 before the weekend. Good Luck All.