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  • reits_r_us reits_r_us Jan 4, 2013 11:06 AM Flag

    OT ....$$$...EVEP

    That is correct Garbonzo. You also would like to close out the position before EX, by reversing and "selling to close" the 55 and "buying to close" the 60. Also best to have OPEX before EX, most times, because if the Short side(60's) are ITM at EX, they will be assigned to you as short shares and you will owe the dividend.

    It still will usually work, since the PPS falls the amount of the dividend and you can buy to cover on the open, but it is definitely more complicated at that point, with more variables in play.

    Cheers,

    DocReits

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