Ask Alan 195: Will the Upcoming Dividend Cause My Shares to Be Sold?

Alan answers a question posed by Elliot, who asks:

Hi Alan,
Hi Alan,
I bought SBLK and sold the 3/18/2022 $29.00 call. The stock closed today (2/26) at $31.76 and there is an upcoming ex-dividend date on 3/2/2022. Will my shares be sold on Monday, the day before the ex-date?
Thanks,
Bob

The main cause of early exercise of our covered call trades are ex-dividend dates. This video will make a case for and against the probability of early exercise of SBLK shares. A technical chart analysis is part of the presentation.

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