sold my position and bought a put. MACD looks like its about to roll over. Inflows slowing. "Noise" on the horizon with Congress calling for us to go over the fiscal cliff. Target $115-$120 at which point I will likely go long again
the impact on price depends on the volume of shorts and longs, who need to close out positions. If someone has a covered call, they can just deliver the stock they have. If it is uncovered and they have to make a trade, volume goes up.
As far as the dividend it has nothing to do with the close of options today. And yes, it is paid on the 28th