My understanding of Options and Warrants and shorting on MYR.
The Warrant writers write and sell Warrants on MYR and to hedge their exposure then either Buy or Short MYR to create a net gain Arbritage trade.
MYR seems to be the stock that is mostly affected by the way Funds etc play this Arbritate Trade.
The time to the next Ex date affects the time and profitability of these types of Arbritage trades.
So assuming Im right with how I understand it, The next dividend being March.
Id expect some SP recovery from now until Christmas,
Then a sell down from Christmas towards the March Dividend.
Because the near term dividend in March, makes the Arbitrage Trade again a profitable trade again from a lofty level, heading into a dividend ex date that factors the ex-date dip into the margin of the Warrant over spot price.
If anyone Clearly understands this better than me , then By all means knock yourself out and explain away.
MYR Price at posting:
74.3¢ Sentiment: Buy Disclosure: Held
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