Mcaffe announced a one-time special cash dividend of $4.50 per share! Yolo Calls on $MCFE $30c 8/20/...

This is just a pure ex-dividend arbitrage. First time doing a play like this. There is usually a run up towards a ex dividend date. McAfee is declaring a one time special cash dividend of $4.50 per share. YES $4.50 per share. They have earnings 8/10/21 ..This only tells me a few things.. One they don't know what to do with all the extra cash flow, advertising for new buyers and earnings must be crazy. Option Chain is limited so 8/20/21 is the best up. IV is low and premiums is cheap. The Ex-dividend date is 8/16/21 ..so you want to close the option latest 8/13/21, which is last day for shareholders to buy shares and get the dividend specials.. Cause the probability of sell off is really high on 8/16/21 Oh yeah the calls are peanuts my fill $0.44 -$0.50 $30c 8/20/21 140contracts @ fill 0.44 Thank me later with some tikka masala Posted 1:33pm 8/4/21

back
scot-tagscot-icon

Scouted Idea

We scour the net for great ideas, so you don't have to

Original Post

portfolio-reddit logo

Is this your Reddit account?

Claim this username to collect earnings from this post, and the portfolio!

portfolio reddit logoportfolio utradea logo

Mcaffe announced a one-time special cash dividend of $4.50 per share! Yolo Calls on $MCFE $30c 8/20/...

bullish

general Analysis

[1 min Read]

This is just a pure ex-dividend arbitrage. First time doing a play like this. There is usually a run up towards a ex dividend date. McAfee is declaring a one time special cash dividend of $4.50 per share. YES $4.50 per share. They have earnings 8/10/21 ..This only tells me a few things.. One they don't know what to do with all the extra cash flow, advertising for new buyers and earnings must be crazy. Option Chain is limited so 8/20/21 is the best up. IV is low and premiums is cheap.

The Ex-dividend date is 8/16/21 ..so you want to close the option latest 8/13/21, which is last day for shareholders to buy shares and get the dividend specials.. Cause the probability of sell off is really high on 8/16/21 Oh yeah the calls are peanuts my fill $0.44 -$0.50

$30c 8/20/21 140contracts @ fill 0.44

Thank me later with some tikka masala

Posted 1:33pm 8/4/21

page loading card

MCFE

McAfee Corp.

25.99

0
0.00%

Return

-9.16%
Change % Since Posting
-2.62
Change Since Posting
28.61
Price When Posted

Metrics

30.00
Target Price
9/ 10
Confidence
2-4 Weeks
Timeframe
catalyst icon
Earnings Release
catalyst icon
News
catalyst icon
SEC
Filing
catalyst icon
Sentiment
catalyst icon
Other Catalyst

Access the latest tools and discussion channels with an account

reddit-sentiment

Reddit Sentiment
Analysis

portfolio-balancer

Portfolio Balancer
with brokerages

sec-dashboard

SEC Dashboard
with NLP

aiodd-ad
next