Dream Office Real Estate Investment Trust T.D.UN

Alternate Symbol(s): DRETF

Real Estate REIT - Office

Dream Office Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust. The Trust owns central business district office properties in various urban centers across Canada, with a focus on downtown Toronto. The Trust owns and manages 3.5 million square feet of office land in downtown Toronto. Its objectives include managing its business and assets to provide both yield and growth over the longer term. Its properties are located across Adelaide Place, Toronto; 30 Adelaide Street East, Toronto; 438 University Avenue, Toronto; 655 Bay Street, Toronto; 74 Victoria Street/137 Yonge Street, Toronto; 36 Toronto Street, Toronto; 330 Bay Street, Toronto; 20 Toronto Street/33 Victoria Street, Toronto; 250 Dundas Street West, Toronto; 80 Richmond Street West, Toronto; 425 Bloor Street East, Toronto; 212 King Street West, Toronto; 357 Bay Street, Toronto; 360 Bay Street, Toronto; 350 Bay Street, Toronto; 56 Temperance Street, Toronto; and 6 Adelaide Street East, Toronto.

TSX:D.UN - Post by User

Dream Office Real Estate Investment Trust

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Post by dsarkon Jan 17, 2016 10:26am

135 Views

Post# 24466220

Buy stock and sell a deep in the money call

The only way I can think to play this cause clearly this could drop more, is to buy shares & sell a call with a $10 strike, which would drive your break even down to $10. You wouldn't start to lose money unless D.UN went below $10. I could be wrong but since the option you sold has $4.57 of intrinsic value + whatever time value there is, you wouldn't be exercised on the dividend. Cause the premium would be greater than 0.1867 per month.

Anyone else thought of this?

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