March 11th: Update on $KO diagnal spread
$Coca-Cola Company(KO.US)$ Tomorrow is the Ex-right day for the dividend, which means tomorrow the sellers will have the right to the dividend, not the buyers. As a covered call seller, there is a risk that I could get assigned today (even though the chance is low, but it will ruin my experiment). To avoid the risk, I decide to roll out my 4 covered calls to next week. I got $0.09 credit for the roll out. After today, the stock price will be lowered by the dividend amount(at least in theory), so will be the option price. Let's see what happens tomorrow.
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