GREY:SXRZF - Post by User
Post by
PeterPiperon Jan 14, 2011 11:48am
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Post# 17972628
UUU1 Options
UUU1 OptionsBesides my shares I held a bunch of January UUU1 calls. Even though I purchased them after the ex-dividend date they will also get the dividend. I wanted to sell them today, but as is usual with Canadian options the bid/asks are ridiculous. The bids are way lower than the intrinsic value. Because of this I decided to exercise them, something I very rarely do. This way, I capure the entire intrinsic plus the commissions are actually less! Also, I believe we are still going up short term, so I do not mind having extra shares. If I think we have topped out (short term) before the shares arrive in my account, I will likely sell the equivalent amount from my long position.
Way to go, UUU!
Piper