MAIN's EX happens to be on May's OPEX. What that means is expiration of options occurs on the EX date. This makes May Short Puts very appealing as MAIN is trading off of its recent lows over 1.00 dollar below its 200 day SMA.
I just filled a combo May30/30/25 Long Call/Short Put/Long Call for .25 credit. This places BE at 29.75, the current PPS, and retains the 30 Long Calls for any run towards May EX. Risk is 4.75/contract @ 25 or below at May OPEX.
Doc, I saw this after hours and tried to enter an order for tomorrow. If I read this right and entered it correctly, it shows a net debit of over $4. Please take another look at this. I am interested, but I must be missing something.