Harry1951
Aug 10, 2012, 09:46 AM
I owned a stock that had an ex dividend date of 8/10/12. I had sold a covered call which was well in the money so I expected to see the call exercised on 8/9/12. The call was not exercised 8/9 but when I opened my brokerage account on 8/10/12, it had exercised on that date.
Per my understanding, since the option was not exercised until 8/10 which is the ex-dividend date, I should get the dividend. Am I correct and if not where I am going wrong.
Per my understanding, since the option was not exercised until 8/10 which is the ex-dividend date, I should get the dividend. Am I correct and if not where I am going wrong.