If he finds I have the right to continue in the farm, he would not wish to dispossess me. The Rival Crusoes W.H.G. Kingston Finally, it occurred to me to dispossess the dog and take his place beneath the bush.
As a percentage of CRF's recent stock price of $21.28, this dividend works out to approximately 1.56%, so look for shares of Cornerstone Total Return Fund to trade 1.56% lower â all else being equal â when CRF shares open for trading on 2/11/15.
The strike price of $70 means that the stock price must rise above $70 before the call option is worth anything; furthermore, because the contract is $3.15 per share, the break-even price would be $73.15. When the stock price is $67, it's less than the $70 strike price, so the option is worthless. But don't forget that you've paid $315 for the option, so you are currently down by this amount. Three weeks later the stock price is $78.