Today is the ex div date. The dividend is $0.6249. With 5,700 shares that is about $3561.93, payable on 10/31/2011. I’m going to include this in the totals since I will be paid even if I sell my position before then.
9/16
SPY -$10,602.00
hedge $1,897.23
Net for this trade
-$8,704.77 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
+$3,561.93 (estimated dividend)
————————
$142.17
Net positive right now even tho SPY is -$10k.