Why the crash

10baggerbamm : look at the premiums on the calls for 2 days.
you could buy it right here at $39.63 on the ask immediately sell a January 3rd call this Friday and collect over $5 that gives you a $5 hedge to the downside lower than where it's been since November 6th split adjusted

TheOracleOfBroMaha OP : For some reason bags every time you put a post it doubles it like it doubles what you wrote. I’ve noticed that on like four of your posts just an FYI. And as always, thank you for the info. It’s not like I was gonna sell anyways, but I wish I knew that beforehand. I’m kind of a I’m kind of a novice when it comes to this shit, but I really do appreciateyour expertise thank you, brother.

Zilla 10baggerbamm : why is the premium for calls so high that are expiring in 2 days?

10baggerbamm Zilla : that's because they paid a dividend today I didn't realize that so there's a $14 dividend built into it that's why that option price is screwed up.
I thought I was getting a free gift when I saw this huge premium I went out and I bought the stock I sold a call against it and I'm looking at my account I'm like what the hell's going on here cuz it showed a huge loss on the trade already and I was able to unwind it and sell micro strategy for an eighth more and buy the call options back at 10:00  (I sold a 39 call at 11, and when I realized what the hell was going on with the dividend I don't want to pay taxes on a dividend, so I unwound the position and I was able to close out the contracts by buying them back at 10:00 and then dumping the stock for an eighth profit over what I paid) so I was able to unwind the position relatively quickly before everything dumped.

TheOracleOfBroMaha OP 10baggerbamm : Yeah, I was wondering man I was thinking like the options price is it must be way under what it should be. Anyways, that 14 bucks is gonna end up getting built it’s it’s gonna end up going right to every share that the ETF holds so I’m gonna hold this bag.

10baggerbamm : so now I understand what you were saying why the crash.
they paid a $14 dividend today's x date.
so the ETF was marked down by $14

TheOracleOfBroMaha OP : Am I wrong though because I’m in the ETF shouldn’t take a $14 hit that’s not the way that works or shouldn’t be also for every year the ETF owns maybe minus taxes at tax time but it should on January 2 get a $14 jump per share. That’s correct right it works the same way as a mutual fund if a mutual fund holds a dividend paying in stock the dividend goes back into the mutual fund obviously so that should compound it back up the day that the $14 goes in obviously they wouldn’t count for it today. Traders might