Generating Alpha – Short Positions


Symbol Contract Future Bid Stock Last Dividend Premium # of Days Implied Annualized Premium
SWK1D 2014-05 83.4500 82.4900 OCX.NoDivRisk $0.96 24 19.16%
TNA1D 2014-05 73.6000 72.6700 OCX.NoDivRisk $0.93 24 18.91%
XLK1D 2014-05 36.3800 35.9300 OCX.NoDivRisk $0.45 24 18.62%
GT1D 2014-06 28.0800 27.3200 OCX.NoDivRisk $0.76 59 18.54%
SWN1D 2014-05 48.3500 47.8200 OCX.NoDivRisk $0.53 24 18.13%
PHM1D 2014-06 19.1000 18.5600 OCX.NoDivRisk $0.54 59 17.82%
WLP1D 2014-05 95.7200 94.6700 OCX.NoDivRisk $1.05 24 17.50%
MGM1D 2014-05 24.4600 24.1800 OCX.NoDivRisk $0.28 24 17.43%
GM1D 2014-06 35.3500 34.4100 OCX.NoDivRisk $0.94 59 16.80%
TXN1D 2014-06 47.7700 46.4600 OCX.NoDivRisk $1.31 59 16.65%

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 09:31:01 EST on 2014-04-24, and will have fresh updates throughout the trading day. HOVER over the symbol to see the range of the implied annualized discount for 2014-04-24.

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. See current EFP prices at EFP prices. Learn more about EFPs at EFP education.

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