Seeking Alpha
  • JayWright
    CCMP!! $15 per share divy!!! I got my shares with a little cap gain to go with it!!
    2/16/12
    Reply (7)
    • SobaNoodle: You do realize that it will probably drop by $15 once it goes ex and that option contracts will likely be adjusted, right?
      2/16/12
    • JayWright: of course i realize it will drop after ex-date. the same recently with WINA. i know i will have to hold on a while to recoup my capital.
      2/16/12
    • JayWright: The same could pretty much be said about all stocks after the ex-divy date.
      2/16/12
    • DR203: What do you mean option prices will get adjusted?
      2/16/12
    • DR203: Say u buy 100 shares at50.87.Total $5087 and one April 45 PUT option for $70 dollars.Collect the $15 dividend free of riskWhat am I missing?
      2/16/12
    • SobaNoodle: Under the "What is a contract adjustment heading?" http://bit.ly/ww1Rar Note the mention of special dividend.
      2/17/12
    • SobaNoodle: So your 45 put will become a 30 put and won't help you at all.
      2/17/12