GREY:SXRZF - Post by User
Post by
gloxinia123on Dec 07, 2010 8:51pm
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Post# 17815768
Bad News for Options Traders
Bad News for Options TradersI recall someone talking about UUU options a few days ago, so there must be others.
If you sold covered calls against your UUU shares (like I did, <sniff>)and were not called away prematurely, you will get the dividend. However the Montreal Stock Exchange has repriced things so that if your shares are called in the future, the new deliverable for one contract will be 100 shares AND $106US. Net, you (and I) get nothing.
https://www.m-x.ca/f_circulaires_en/162-10_en.pdf