The dividend shuffle game?

[fenders53]

(07-24-2021, 07:43 PM)NilesMike Wrote:

(07-24-2021, 07:27 PM)fenders53 Wrote:

(07-24-2021, 06:08 PM)NilesMike Wrote:

(04-28-2021, 07:02 AM)NilesMike Wrote: A little ,more laborious but works better IMO this way. Look at ex div day on stock of your choice, stock will usually fall. Wait for a close above the high day before ex div date. Buy stock, hold for a week, usually better pop than than what the dividend pays.

It is easy to forget watching and get distracted, don't ask how I know-LOL

Update/refinement;

1)I have added a 200SMA to my chart and only take the trade is above SMA

2) If ex-dividend day closes above the prior day's high, enter long the next day and hold for 2X dividend payout.
Nearly 100% success rate on this strat with longest holding time about 10 days.

(RE: MVO  example referenced above, wait for a close above 4/13 High (5.70) on 5/14, enter next open and by end of week, you had nearly 3X dividend payout.)

Looking to see if I can lever it up a bit more with options, but I'm afraid it will limit choice of tickers because of liquidity constraints.

Just to be clear you are playing a few days of momentum if the stock completely recovers on ex-Div day?

Any time post ex div date. If it recovers ON ex div date, the move is bigger.

Interesting.  Not a trend I would have expected.  Half my stocks are often slugs for a few weeks after ex-div.  I guess that's why you screen for exceptions because there definitely are exceptions.