Doesn't make sense that the drop would be that large, even given that it's ex-div day.
IMO it is not down enough.
the SPO ( which i predict will be announced right after the close tommorow ! ) will knock the price down another buck or so . it will then recover its price w/i 2 weeks !
Should be down by the amount of the dividend. Wasn't the divy $1.25?L2L