Have 2 flip lots in taxable account. Just hedged one of them netting 54 cents selling May calls at 18.
I expect nrf will be ex at least 25 cents by May 16th plus I keep the 54 cents in any event. This assumes I don't get assigned by the ex-div date.
I'm willing to sell one flip lot for 18.54 including premium on or before 5/16 so I don't care if I have limited my upside on this lot. It's another 2,700 for the Christmas fund which is now over my 2014 goal.