Matt Levine
speaker
3,472 appearances
9 recordings
1 series
first heard Jun 2026
last heard 11 Sep
Matt Levine’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 9 in all, peaking in Jul 2026 with 5.
Appearances
So you know the SP stocks pay dividends throughout the year and like these ETFs accumulate the dividends and they have them in cash.
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And then at some point they say, Okay, we're gonna pay out the cash, right?
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So Iv pays out its cash about a week before Vu.
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And so the way you do the trade is you own if and then
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day or two or day or two or three days before the dividend date.
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You get out of if and into Vu.
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So you like sell your IV, you buy your vo.
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The if
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And so then you don't own if when it pays the dividend.
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Yes.
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And when it pays the dividend, the stock should drop.
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The value of like the share price of IV should drop, right?
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It should drop by about the amount of the dividend.
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So for a little while, if is trading below Vu, and then you switch back.
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You like sell your vo, you buy back your if.
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And so you're you sell if at the high price, you buy vo at the high price, you sell vo at the high price, and then you buy if at the low price.
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price.
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So you have captured the dividend by selling high and buying low.
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And like the difference in the price is basically the amount of the dividend.
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With a little bit of a
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Showing 981–1000 of 3,472 · page 50 of 174
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