Generating Alpha – Short Positions


Symbol Contract Future Bid Stock Last Dividend Premium # of Days Implied Annualized Premium
SRDX1D 2014-05 22.5300 22.4500 OCX.NoDivRisk $0.08 31 4.11%
SRDX1D 2014-06 22.4900 22.4500 OCX.NoDivRisk $0.04 66 0.96%
SBUX1D 2014-09 70.3600 70.2100 OCX.NoDivRisk $0.15 157 0.49%
NKE1D 2014-09 74.2000 74.0500 OCX.NoDivRisk $0.15 157 0.46%
ESV1D 2014-09 50.0900 49.9900 OCX.NoDivRisk $0.10 157 0.46%
JPM1D 2014-09 55.4200 55.3100 OCX.NoDivRisk $0.11 157 0.46%
PG1D 2014-09 81.9600 81.8000 OCX.NoDivRisk $0.16 157 0.45%
IBM1D 2014-09 190.5000 190.1400 OCX.NoDivRisk $0.36 157 0.43%
WFC1D 2014-09 49.0900 49.0000 OCX.NoDivRisk $0.09 157 0.42%
TGT1D 2014-09 60.0900 59.9800 OCX.NoDivRisk $0.11 157 0.42%

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 2014-04-17, and will have fresh updates throughout the trading day. HOVER over the symbol to see the range of the implied annualized discount for 2014-04-17.

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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