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William Campbell

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  • Options And Special Dividends [View article]
    LIttle Apple's comment is great. This does get tricky because all info not accurate. Per dividend.com COST ex-div is indeed 12/6. Good idea to get in early to be safe.

    Amount Ex-Div Date Record Date Pay Date Declare Date
    $7.00 12/6/2012 12/10/2012 12/18/2012 11/28/2012
    $0.275 11/14/2012 11/16/2012 11/30/2012 10/30/2012
    $0.275 8/8/2012 8/10/2012 8/24/2012 7/23/2012
    $0.275 5/23/2012 5/25/2012 6/8/2012 5/9/2012
    Dec 4 05:08 PM | 1 Like Like |Link to Comment
  • Playing The Continuing Drought Using Options [View article]
    Was trying to figure out how I came across as a global warming skeptic, when I am not. It's because the helpful SA editors put "s around realist. In the end, decided to go long on AGA, so do have skin in the game, rblake.
    Jul 29 08:39 PM | Likes Like |Link to Comment
  • A Collar On Steroids - The Covered Call Ratio Spread [View article]
    Certainly call spreads could generate money, but you would never have a position in the stock. I prefer to do covered calls on stocks I would like to own. If it gets called away that's OK but would prefer to have it expire and go round after round with a good stock, especially if there is a dividend. On something that looks like it might really pop will often simply buy separate long calls.

    Two call spreads to fund the long put also works. But if there is appreciation and you have to cover, you have little to show for it. With short puts on a good company you get in at a discount during a rough patch and have stock shares to show for your trouble.

    Complexity becomes an issue at some point. Would almost need a computer program to track all the legs of the synthetic fly, but a very interesting idea. Certainly if margin is an issue the butterfly hedge with extra long put lower down is reasonable and not very expensive, but then why not just do a bull put spread 1:1. If the stock is a solid one, would lower the basis and insure against a severe sell off. But I like to play FDA roulette and have had better luck with the bear put spread.

    Like the Apple strategy, throws in the calendar element.
    Jul 14 08:36 AM | Likes Like |Link to Comment
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