Hey everyone
I’m long $VALE and have been since $10/share. They’re trading at a 35% discount from their high a month ago($22) at $15/share and just announced a $1.5 (10%!!) dividend.
This feels like free $ to me, and it will be since I own so much stock.
Now, I have more $ in a brokerage account solely dedicated to derivatives. Is there any way that I could simultaneously bet on the stock price rising or not falling while also being able to suck up much of this dividend?
Thanks!
Submitted September 20, 2021 at 10:12AM by fenwalt https://ift.tt/3nXvVnc
