SO is behaving a little better than a utility should these last few months. I'm thinking of selling covered, in the money calls just before ex-div date. Maybe sell May 42's. btw, what is the ex date?
Has to do with the hefty dividend. I hold SO because the bonds with a 5% rate of return are usually risky. Share price will drop when Bernanke raises the interest rate.
I agree. I am looking for a pullback and buying opportunity at $41.50. JMO
Nov. 3 th,. is the ex date, you are talking about cover calls and you do not know the ex date?
Nope, didn't know if it was the 2nd or 3rd, but thanks for asking.SO is behaving like a growth stock, better than my SBUX.