Stepped lightly into three June call positions this morning:
- 27's @.90
- 28's @.43
- 29's @.19
Didn't catch all the lows, but the dollar bounce in the pps has provided a solid starting cushion.
Intent going in is to look for doubles in each, and be out before dividend declaration (which I expect sometime during the week of 10 June). I know this flies in the face of "traditional" ex-div cycle logic, and I may leave some money on the table if the dividend level comes in at or near the most recent levels, but after the Q1 numbers, I'm not inclined to be exposed to another negative shock upon declaration.