05-06-2015, 02:07 PM
Just got sucked into a short term play. Bought 200 shares of HCP at $38.93. Ex dividend for 56.5 cents tomorrow. Sold July $37.50 calls for $2.00. Will capture the dividend, plus if the share price holds, will net another dividend equivalent from the call sell and exercise. Play is break even down to about $36.50.
Alex