Generating Alpha – Short Positions


Symbol Contract Future Bid Stock Last Dividend Premium # of Days Implied Annualized Premium
SLV1D 2015-03 16.7300 16.7000 OCX.NoDivRisk $0.03 153 0.42%
BA1D 2015-03 124.4600 124.2400 OCX.NoDivRisk $0.22 153 0.42%
IBM1D 2015-03 169.2600 168.9700 OCX.NoDivRisk $0.29 153 0.40%
MA1D 2015-03 72.0100 71.8900 OCX.NoDivRisk $0.12 153 0.39%
SBUX1D 2015-03 74.7500 74.6300 OCX.NoDivRisk $0.12 153 0.38%
AAPL1D 2015-03 100.0700 99.9100 OCX.NoDivRisk $0.16 153 0.38%
AXP1D 2015-03 84.0800 83.9600 OCX.NoDivRisk $0.12 153 0.34%
GIS1D 2015-03 49.9900 49.9200 OCX.NoDivRisk $0.07 153 0.33%
BA1D 2014-12 124.3100 124.2400 OCX.NoDivRisk $0.07 62 0.33%
UTX1D 2015-03 101.5900 101.4500 OCX.NoDivRisk $0.14 153 0.32%

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 2014-10-20, 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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