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6 Best Choices for Dividend-Capture

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TOTAL S.A. (ADR) (TOT - Get Report)

TOTAL S.A., together with its subsidiaries, operates as an integrated oil and gas company worldwide. The company operates in three segments: upstream, downstream and chemicals.

Yield: 6.9%
Dividend Amount: 77 cents
Ex-Dividend Date: June 13, 2012
Beta: 1.00

Strategy: Sell the June $42.50 strike or lower call for 60 cents over the intrinsic value and buy TOT. This is a dividend capture without the dividend. Because the dividend amount is much higher than the option premium, we expect to get exercised the day before TOT trades ex-dividend. The goal is to capture the 60 cents option premium, get exercised and move on with only three weeks risk exposure. I prefer to get exercised with ADRs because of potential tax issues.

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KO $40.89 0.00%
TOT $51.87 0.00%
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