Apply for a level three option trading permission. Tell them you are being mentored by the finest option trader in the country. And if that guy is busy lol 
I will show you how to snipe dividends with some option premium on the side. You gotta pick your spots but it works pretty good.
As far as normal dancing in and out of positions with long shares. Sometimes you can escape quickly, sometimes the stock price stays down Ex-Div. The higher the Div, the more likely it does in my experience. NLY is one of those stocks that would likely be tougher than average.
I will show you how to snipe dividends with some option premium on the side. You gotta pick your spots but it works pretty good. As far as normal dancing in and out of positions with long shares. Sometimes you can escape quickly, sometimes the stock price stays down Ex-Div. The higher the Div, the more likely it does in my experience. NLY is one of those stocks that would likely be tougher than average.