Tomorrow is ex div date. and at present the WAC is trading at 17.79 the aug 17.5 calls are trading at bid.20- ask.40 and open interest is 970 contracts total, volume is low at 63 contracts.
with the option bid trading at a .09 discount one would normally see the option market makers exercising the calls to capture the dividend and then selling the calls on the market. since this seems not to be happening, it looks like the stock will drop more then the dividend on ex div day.
It said record date is the 13th, is ex the 10th because it takes three days to clear. Thought if you buy on the 13th you get the dividend. On board with 2000 shares, looking forward to a decent return while I wait....
"is ex the 10th because it takes three days to clear"
No, the ex-date was the 11th because it takes three days to settle. Buy on the 10th, then count the days to the 13th - the 11th is one day, the 12th is two days and the 13th is three days. Buy on the 11th and it would settle on the 16th.
"Thought if you buy on the 13th you get the dividend."