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