Generating Alpha – Short Positions


Symbol Contract Future Bid Dividend Premium # of Days Implied Annualized Premium
LORL1D 2014-12 73.7500 OCX.NoDivRisk $0.12 31 1.88%
AAPL1D 2015-03 116.6200 OCX.NoDivRisk $0.23 122 0.58%
GILD1D 2015-03 100.5500 OCX.NoDivRisk $0.19 122 0.56%
BRKB1D 2015-03 145.8200 OCX.NoDivRisk $0.26 122 0.53%
KORS1D 2015-03 73.5300 OCX.NoDivRisk $0.13 122 0.52%
IBM1D 2015-06 160.9100 OCX.NoDivRisk $0.48 213 0.51%
PRU1D 2015-03 84.1400 OCX.NoDivRisk $0.14 122 0.49%
SBUX1D 2015-03 78.2900 OCX.NoDivRisk $0.13 122 0.49%
HAL1D 2015-06 49.1900 OCX.NoDivRisk $0.14 213 0.48%
HAL1D 2015-03 49.1300 OCX.NoDivRisk $0.08 122 0.48%

The above SSF are currently bid above the last stock tick. Meaning you can sell the future, hold to expiration and get the short stock at a premium to the current cash price. All prices above were last updated at 15:54:01 EST on 2014-11-20, and will have fresh updates throughout the trading day.

If you are currently short the stock, you can sell the exchange for physical (EFP), thus converting your short stock position to short futures, capturing the premium and eliminating your short interest charges. Learn more about EFPs at EFP education.

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