Making easy $780 working perfect…

Previously I shared idea of taking a large position in $BDCL to capture the up coming dividend payment of $.78 a share. This cost me $19,580 (paid $19.58). Shares closed Monday at $19.91. That is $330 price appreciation. I mentioned in last post it completely possible capture the $780 in price increase alone. 

Keep in mind on ex-div day the stock will fall by $.78 at the open. If I am sitting on $500 or more profit at that point the day before I will likely close Part of the trade lock in some of that gain.

If all goes as planned I take profits, qualify for dividend and price will recover from the $.78 price drop. Win-win all around. 

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