Eggman1

Frontline Ltd. Arbitrage Opportunity

When divi's are paid like Fro just did, does the options strike prices get adjusted to reflect the divi paid? Eggman1

Frontline Ltd. Arbitrage Opportunity

I am mostly an options seller and usually naked calls for the bearish ideas and naked puts for my favorites to own if necessary.
Wish I had loaded on the Fro ideas. I saw same thing in June when divi was paid. I sold naked 50 calls on Monday for .35 then closed that today for .05. Then sold naked Oct. 40 puts for .20 today. No brainer. You gotta love plays like that! Eggman1