Assumes working knowledge of options and a willingness to learn about new things — like volatility
In trying to capture dividends there is no free lunch. In fact, since Wall street is involved, the best you can hope for is an affordable lunch. I have looked at, and tried quite a few approaches—most of which don’t work, but I have found one approach that does work with some ETFs. Ironically you don’t actually collect the dividend most of the time, but …
I put a bear spread into place on SPY, selling April 100 calls at 8.10 and buying April 108 calls at 1.30 — net credit of 6.80. Worst case loss is 1.2 per call pair, best case profit is 6.8 per call pair.
The 2023 Ex-Dividend and Pay Date information below is based on Ishares distribution schedule. MONTHLY DISTRIBUTION — BlackRock, Bloomberg Barclays, iBoxx, JPMorgan 2023 Ex-Dividend Dates 1-Feb 1-Mar 3-Apr 1-May 1-Jun 3-Jul 1-Aug 1-Sep 2-Oct 1-Nov 1-Dec 14-Dec Pay / Distribution Dates 7-Feb 7-Mar 7-Apr 5-May 7-Jun 10-Jul 7-Aug 8-Sep 6-Oct 7-Nov 7-Dec 20-Dec AGZ iShares Barclays Agency Bond Fund (AGZ) CFT …
In 2010 options symbols transitioned to a new terminology. Unfortunately Fidelity and Schwab decided they didn’t want to use the standard, generic format, so they invented their own “better” version of the new symbols. Here are the new formats: Generic, industry standard format: “SPY 10417C00114000” (<symbol> <YYMMDD> <C or P><5 digit whole dollar strike><3 digit decimal>). Schwab’s systems: “SPY 04/17/2010 114.00 …
I have only found one site that offers completely free option charts for stocks, Exchange Traded Products, and indexes: BigCharts. I provide more information about it below. Recently Schwab (StreetSmart Pro) and Fidelity (Active Trader Pro and standard web site) have started offering option charts to customers, but they require you to at least setup an account with them. Neither of these use the “standard” …
