and I wouldn't change this system for the world.Submitted by moonyou22 t3_11dfyy3 in wallstreetbets
Drivesabrowntruck t1_jaa1zcs wrote
Reply to comment by CheeseSteak17 in and I wouldn't change this system for the world. by moonyou22
The special dividend wasn’t accounted for, before those options were written, so Theta was already priced in. Short sellers have to pay the DIV on shares shorted, so they took a hit on the strike price they borrowed at, if not hedged
CheeseSteak17 t1_jaa42i5 wrote
All options had the strike lowered by 0.65, which accounts for the special dividend.
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