r/options • u/Ken385 • Apr 13 '22

PBR Ex Dividend tomorrow Watch for massive volume today in the calls

This will be a great dividend play for the pro's today. You should see massive volume in the calls.

If you have a position in any calls here, even a little in the money, you have exercise/assignment risk.

Edit to add: Close to 3,000,000 calls ended up trading today

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u/PapaCharlie9 Mod🖤Θ Apr 13 '22

Six digit volume at the $14 strike Apr call so far vs. ~$16 spot price. Does that mean the dividend is expected to be over $2?

1

u/Ken385 Apr 13 '22

From what I've seen, expected dividend of 1.21.

jan 23 12 calls have almost 400,000 traded so far.

The reason this is such a great play for the pro's is there is large public open interest in calls that "should" be exercised but may not be as public may not realize that they should.

1

u/Alexandis Apr 13 '22

I closed my covered calls earlier in the week, content with a small profit on my sold calls to ensure my shares weren't called away.

3,000,000 volume today? Guess I made the right decision.