Generating Alpha – Short Positions


Symbol Contract Future Bid Stock Last Dividend Premium # of Days Implied Annualized Premium
YELP1D 2014-11 59.4100 59.3800 OCX.NoDivRisk $0.03 30 0.61%
GILD1D 2015-03 110.9900 110.7400 OCX.NoDivRisk $0.25 149 0.55%
AMZN1D 2015-03 287.9900 287.3900 OCX.NoDivRisk $0.60 149 0.50%
AAPL1D 2015-03 105.2900 105.0800 OCX.NoDivRisk $0.21 149 0.48%
SBUX1D 2015-03 75.9400 75.7900 OCX.NoDivRisk $0.15 149 0.48%
BA1D 2015-03 122.6400 122.4200 OCX.NoDivRisk $0.22 149 0.43%
KORS1D 2015-03 75.8000 75.6700 OCX.NoDivRisk $0.13 149 0.42%
BRKB1D 2015-03 139.5200 139.3000 OCX.NoDivRisk $0.22 149 0.38%
KIE1D 2014-11 63.5600 63.5400 OCX.NoDivRisk $0.02 30 0.38%
IBM1D 2015-03 162.2900 162.0500 OCX.NoDivRisk $0.24 149 0.36%

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 2014-10-24, 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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