TLS Strategy 1
Short 10k shares at the close on 26-Aug, close trade at the close on 27-Aug.
Profit = $600 less fees as described earlier.
TLS Strategy 2
Buy 10k shares 4 weeks before ex-div date. That is, buy at the open on 30-Jul at 5.47.
Sell 10k shares 1 week before ex-div date. That is, sell at the close on 20-Aug at 5.66. Long trade profit = $1,900.
Short 10k shares 1 week before ex-div date. That is, short at the close on 20-Aug at 5.66.
Pay dividend of 15 cps on 27-Aug, which is $1,500.
Close short trade at the close on 27-Aug at $5.53. Short trade profit = (5.66 - 5.53) x 10k = $1,300.
Total Strategy 2 profit = 1,900 - 1,500 + 1,300 = $1,700 less fees.
Now repeat the above calcs for the ASX50 for every ex-div date for the past 5 years. The results would be interesting, but I would need to find the data in a csv file, for example, otherwise the process would take too long.
