Thursday, March 17, 2022

CNQ call assigned early

Underlying Security Symbol: CNQ


Ah, these call buyers are getting so smart. CNQ is a Canadian Natural Resources company.  I had a $55 call with an April 14 expiration.  My basis is $50 and I bought January 27, 2022. The ex-dividend date is today.  The dividend is $.70 CAD.

The call buyer exercised their option early and the reason is they want the dividend.  

I book the $5.00 profit and the $2.95 I received on Feb 28, 2022.  Good enough for fewer than 60 days.








MM MoneyMadam

Data from and Marketxls 

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