Hi there, I'm trying to make sure I've got this right. It'll suck that I hadn't thought of this, but I guess that's life.
I sold a strangle on a nice stable stock... 2 days left till close, and it is sitting right in the middle of my strikes.
I got assigned on the call last night... I'm now short on the shares. Ex-Div date is today, March 13th.
I covered the put and the shares at a reduced profit, but my interest is the dividend, which will effectively give me a small loss if I'm to pay it by being short.
As I understand it, the Ex-Date is based on market close (after extended hours, yes?) and so since I'm now flat, I won't have to pay the dividend. Right? Would this be better suited in a different sub-forum? I ended up in the position due to an option, but I could easily see this being a question about dividends rather than options - my appologies if so.
I sold a strangle on a nice stable stock... 2 days left till close, and it is sitting right in the middle of my strikes.
I got assigned on the call last night... I'm now short on the shares. Ex-Div date is today, March 13th.
I covered the put and the shares at a reduced profit, but my interest is the dividend, which will effectively give me a small loss if I'm to pay it by being short.
As I understand it, the Ex-Date is based on market close (after extended hours, yes?) and so since I'm now flat, I won't have to pay the dividend. Right? Would this be better suited in a different sub-forum? I ended up in the position due to an option, but I could easily see this being a question about dividends rather than options - my appologies if so.