SPY红利的问题

google

周五是SPY ex dividend day，我能不能在周四买入SPY，再卖出卡窝靠，既收红利又保股价？

MLat42

Got assignment before friday, mostly likely tursday.

Lazyman

no way! the options price will be adjusted accordingly.

google

Lazyman 发表于 2014-9-17 03:31 PM
no way! the options price will be adjusted accordingly.

say, I buy SPY at $200, and sell covered call at $5 on Thursday.
On Friday, SPY price reduce to 199 because of dividend, and call price also shrink accordingly, I don't mind the shrinkage of SPY price,
because I will receive dividend; in the mean time, since I sold SPY covered call, I receive additional reward from the reduced call price.

google

MLat42 发表于 2014-9-17 03:30 PM
Got assignment before friday, mostly likely tursday.

我是谁

“周四买入SPY，再卖出卡窝靠，既收红利又保股价？” 理论上显得美

实际上， 这个Thursday  您去看看SPY的市价和同时的 SPY Friday  各个 strike  price  和 spread  就知道，赚不到一分钱

xiaochong

too good to be true

xiaochong

google 发表于 2014-9-17 02:42 PM
say, I buy SPY at $200, and sell covered call at $5 on Thursday.
On Friday, SPY price reduce to 1 ...

so your spy will be in the money and your call will be executed before dividend

Lazyman

我是谁 发表于 2014-9-17 02:51 PM
“周四买入SPY，再卖出卡窝靠，既收红利又保股价？” 理论上显得美

实际上， 这个Thursday  您去看看SPY ...

correct! one can't make a penny from it. everything is well designed beforehand.
“周四买入SPY，再卖出卡窝靠，既收红利又保股价？” it's a wishful thinking.

google

估计所有的漏洞都被ＭＭ堵死了

google

xiaochong 发表于 2014-9-17 03:58 PM
so your spy will be in the money and your call will be executed before dividend

call could be OTM for future month

xiaochong

google 发表于 2014-9-17 03:10 PM
call could be OTM for future month

远期的call在计算价值的时候已经把分红考虑进去了，你赚不到便宜的

google

xiaochong 发表于 2014-9-17 04:33 PM
远期的call在计算价值的时候已经把分红考虑进去了，你赚不到便宜的

我的意思，周四和周五靠的价格不会波动以反映ＳＰＹ价格变化吗？

MLat42

google 发表于 2014-9-17 03:51 PM
我的意思，周四和周五靠的价格不会波动以反映ＳＰＹ价格变化吗？

如果你买了spy的call，这周四肯定要求执行，否则就是错误。

有人会犯这种错误。

google

MLat42 发表于 2014-9-17 05:50 PM
如果你买了spy的call，这周四肯定要求执行，否则就是错误。

有人会犯这种错误。

still confused
not weekly call, may be OTM call for next month

MLat42

google 发表于 2014-9-17 05:19 PM
still confused
not weekly call, may be OTM call for next month

分红那个月的spy 在周四的in the money 必须 要求执行，这是常识，否则周五的call要贬值。下周五的call 也 不比这周五高多少。

MLat42

OTM 会很便宜。

cyu163

楼上各位并没有真正解答楼主的问题，有点乱。

其实楼主的 “周四买入SPY，再卖出卡窝靠” 是伪命题，并不能 “既收红利又保股价” 。 如果明天股指崩盘，楼主将损失巨大.
只有买 SPY,同时买 PUT 才理论上 收红利 保股价 但是 PUT的价格已经将红利计算在内，于是楼主就一分也赚不到了。

cyu163

楼上各位并没有真正解答楼主的问题，有点乱。

其实楼主的 “周四买入SPY，再卖出卡窝靠” 是伪命题，并不能 “既收红利又保股价” 。 如果明天股指崩盘，楼主将损失巨大.
只有买 SPY,同时买 PUT 才理论上 收红利 保股价 但是 PUT的价格已经将红利计算在内，于是楼主就一分也赚不到了。

cyu163

哈，手一抖竟然发了重复贴。如果不斑竹扣分，那 我到是做到了“既收红利又保股价”