问一个关于SPY dividend的问题

milan1126

请教各位老大，我之前long了SPY，但由于昨天的大跌，所以sell了call来hedge，今天发现我sell的call全被提前exercised了，请问dividend还归我么？我sell call时是按dividend归我来算的，卖价不高，如果dividend不归我的话就太不划算了

Cobra

up

milan1126

Cobra 发表于 2012-9-21 07:09 PM
up

不知cobra老大怎么看？

xiaochong

if you spy call away yesterday, no
if call away today, yes

Cobra

milan1126 发表于 2012-9-21 07:12 PM
不知cobra老大怎么看？

不清楚，所以帮你up了，没有回答。

我是谁

If you woke up today and found out your SPY was gone TODAY(SPY was there yesterday), you will not get the divident. You lost some money.
Next time March/Jun/Sep/Dec OE week, pay attention, you will notice this: before OE Friday, say Thursday/yesterday,  when SPY was trading at $146.00, bidding price for  SPY Sep. calls would be $0.98 for 145 strike price; 1.98 for 144 strike price; 2.98 for 143 strike price; etc.
These happened to me many many times already. Today I had some SPY disapppeared, too.  Since I knew this might happen, So I made sure If my SPY would be taken away, I would still make a couple of dollars. Some times my SPY call did not get exercised earlier on Thursday.
Sorry for your lose.  But now you know more,  you will do better and get your money back.

Cobra

我是谁 发表于 2012-9-21 08:45 PM
If you woke up today and found out your SPY was gone TODAY(SPY was there yesterday), you will not ge ...

contr

我是谁 发表于 2012-9-21 08:45 PM
If you woke up today and found out your SPY was gone TODAY(SPY was there yesterday), you will not ge ...

good summary. but I think there is nothing lost if we do not factor in tax.

Druid

ETF的Option都是American Style的，即如果Option变成In The Money了，买入的人随时可以执行，不需要等到到期日。

“An in the money (ITM) call option on a stock is often exercised just before the stock pays a dividend which would lower its value by more than the option's remaining time value.”

所以有人选择要dividend。

Cobra

Druid 发表于 2012-9-21 08:56 PM
ETF的Option都是American Style的，即如果Option变成In The Money了，买入的人随时可以执行，不需要等到到 ...

Summerrose

没有人会把call流到星期五的，有call的人都在星期四excersie的。
我曾经试了很多次，买入大量的spy，卖出in the money call，基本上spy call away,没call away 的也就几百股，一点意思也没有。

lite1067

我几次call被人提前exercise, 都是在ex dividend前一天.

:-)

milan1126

多谢各位老大的解答，其实我是中午才发现我的SPY被拿走了，但按大家的说法几乎肯定是昨晚就被执行了，下次要吸取教训~大部分情况下dividend stock在ex-dividend date还是会回到发dividend前的价位，使得long的人dividend白拿，这时候sell call相当不值~

milan1126

Cobra 发表于 2012-9-21 08:21 PM
不清楚，所以帮你up了，没有回答。

感谢蛇大友情一顶~

milan1126

我是谁 发表于 2012-9-21 08:45 PM
If you woke up today and found out your SPY was gone TODAY(SPY was there yesterday), you will not ge ...

Tks，it's a good lesson for me~

learner2009

我是谁 发表于 2012-9-21 08:45 PM
If you woke up today and found out your SPY was gone TODAY(SPY was there yesterday), you will not ge ...

What happen if only have call or put? Thx.

contr

其实拿call的人是没有办法－－要不就卖call，要不就行权。

jerrywu

silicon_beaver

Druid 发表于 2012-9-21 06:56 PM
ETF的Option都是American Style的，即如果Option变成In The Money了，买入的人随时可以执行，不需要等到到 ...

Should be
CBOE options 都是American Style的   

Druid

silicon_beaver 发表于 2012-9-23 12:47 AM
Should be
CBOE options 都是American Style的

SPX就不是American style的


这就是玩SPX和SPY Option的一点区别。