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 Schwab.com and Marketxls
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