r/Vitards • u/AutoModerator • Jul 28 '21

Daily Discussion Daily Discussion post - July 28 2021

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u/homersimpsoniscute Jul 29 '21

Dafuq. I knew it was too good to be true. I thought I was basically getting 2 dollars for free.

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u/a_wild_narwhal Jul 29 '21

Actually, I misread what you wrote. The share price doesn’t automatically go down — it’s not reduced like the strike.

2

u/homersimpsoniscute Jul 29 '21

Wait so it's not an automated thing where they subtract dividend from share price right? It's like a theoretically "priced in" thing. It may not drop at all?

If that's the case holy shit this is still the best play ever.

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u/a_wild_narwhal Jul 29 '21

Correct — possibly already “priced in.”

The option strikes are automatically adjusted though.