Generating Alpha – Short Positions


Symbol Contract Future Bid Dividend Premium # of Days Implied Annualized Premium
SLX1D 2015-01 35.2900 OCX.NoDivRisk $0.05 31 1.64%
NOC1D 2015-01 148.1800 OCX.NoDivRisk $0.12 31 0.94%
BRKB1D 2015-03 152.7900 OCX.NoDivRisk $0.35 94 0.88%
VV1D 2015-01 94.6700 OCX.NoDivRisk $0.07 31 0.86%
IBM1D 2015-06 157.8200 OCX.NoDivRisk $0.65 185 0.80%
BRKB1D 2015-01 152.5400 OCX.NoDivRisk $0.10 31 0.76%
AAPL1D 2015-03 112.6600 OCX.NoDivRisk $0.21 94 0.72%
BAC1D 2015-03 17.5100 OCX.NoDivRisk $0.03 94 0.66%
SNA1D 2015-03 136.6900 OCX.NoDivRisk $0.23 94 0.65%
APD1D 2015-03 144.8300 OCX.NoDivRisk $0.24 94 0.64%

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 15:54:00 EST on 2014-12-18, 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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