Oct. 1 at 1:19 AM
$TLT Hi, my name is Michael. I'm calling from Charles
$SCHW's margin department from our risk department line. 📞 We're trying to reach *DoCtA FlaMeZ* about his individual account ending in #907. DoCtA, we wanted to give you a heads up as a courtesy about TLT. It is going to trade ex-dividend tomorrow. Therefore, they're short in the money calls, you have 30 of the 85 and a halfs that expire on the 3rd. They do face early assignment risk, given the little extrinsic remaining on the options. If you do take assignment on all these or part of them, you're going to be short stock going into the ex-dividend date and you would owe the dividend out to the long holder of the shares. So to avoid that, you could close those out, ummm reestablish a new strategy. But ultimately, if you didn't, right, and you took assignment, it's a total dividend payment on 3,000 shares, it's going to be close to
$1,000. So to avoid that, again, you could close it out. I don't think we're going to have to...
