Generating Alpha – Short Positions


Symbol Contract Future Bid Stock Last Dividend Premium # of Days Implied Annualized Premium
IYZ1D 2014-09 30.5300 30.4900 OCX.NoDivRisk $0.04 25 1.88%
RRC1D 2015-03 78.2500 77.9900 OCX.NoDivRisk $0.26 207 0.58%
CELG1D 2015-03 94.9200 94.6300 OCX.NoDivRisk $0.29 207 0.53%
MCD1D 2015-03 94.9500 94.6600 OCX.NoDivRisk $0.29 207 0.53%
AAPL1D 2015-03 102.3100 102.0000 OCX.NoDivRisk $0.31 207 0.53%
GILD1D 2015-03 107.7200 107.4000 OCX.NoDivRisk $0.32 207 0.52%
RRC1D 2014-12 78.1200 77.9900 OCX.NoDivRisk $0.13 116 0.52%
IBM1D 2015-03 192.7600 192.2100 OCX.NoDivRisk $0.55 207 0.50%
MCD1D 2014-12 94.8100 94.6600 OCX.NoDivRisk $0.15 116 0.49%
A1D 2014-12 57.4900 57.4000 OCX.NoDivRisk $0.09 116 0.49%

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 2014-08-27, and will have fresh updates throughout the trading day. HOVER over the symbol to see the range of the implied annualized discount for 2014-08-27.

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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