GREY:SXRZF - Post by User
Comment by
gloxinia123on Dec 07, 2010 10:03pm
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Post# 17816036
RE: RE: Bad News for Options Traders
RE: RE: Bad News for Options TradersCannonball, everything you say is correct, so I must not have made myself clear.
I wasn't worried about having my shares assigned early. It has never happened to me either. I fully expect to get the 1.06US divy. I was worried about the new pricing for deliverables. I wrote January calls at 3.50 (my cost just below 3.00). I will almost certainly be called. But according to the MX bulletin, I will have to deliver the shares PLUS 1.06US, thereby negating the dividend.
If I have this wrong, I will be thrilled. God, I would love to be wrong!