Oct. 3 at 8:25 PM
$CONY This has a fighting chance of staying above
$7.00 for the remainder of this month even after the ex-dividend date coming up on October 16. I'll give it 50/50 odds at this point, with shares needing to close above
$7.70 on October 15 to give me confidence that will be the case. Next distribution should be in the $.50-$.60 range - maybe $.65 - unless the fund manager really screwed things up (again). With options expiration occurring the day after the ex-dividend date, I don't know how much that might impact the
$7.00 level holding on October 17. Open interest on the
$7.00 strike for the October 17 calls is 3,867 contracts.