A week ago Monday I created an IEF (iShares Lehman 7-10 Yr Treas Bond) bear spread in my Schwab margin account—with the short calls deep in the money at S90. Several of the calls were assigned that night when IEF went ex-dividend ($0.248/share). Since I wasn’t long IEF, this assignment resulted in a short position being created in my account. I was surprised the calls were assigned since …
Similar to last week I don’t expect much market action this week. I put a SPY condor in place with the quarterly options expiring this Friday the 31st. The puts were at S123 (buy at .19), S124 (sell-to-open at .33), and the calls at S126 (sell-to-open at .43) and S127 (buy at .16) for a net credit 0f 0.41. Worst case loss is 0.59. …
I don’t think much is going to happen with the market this week. Trading on that hunch I put a condor position in place Monday with SPY weekly options expiring this Thursday, the 23rd. The position is composed of short calls (S126 at .11) and short puts (S124 at .38) to create the upside of the position, with long calls (S127 at .04) and long puts(S123 …
For updated information see this post.
For updated information on SPY, IVV, and VOO dividends see this post. Some dividend related info: Excluding market action, Stock/ETF prices will drop by about the dividend amount when opening on their ex-dividend date. The equity no longer carries the value of the dividend, so it drops in value. The 500 stocks comprising the S&P index don’t go ex-dividend en-mass on the 17th, so the index …
