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REDDIT

SPY Dividend Risk for Upcoming Dividend

F
Jun 18, 2026 · 19:09

I am short several SPY calls that are all OTM, expiring the earliest next Friday.

I am curious if the dividend risk has passed already. Not sure if it's the ex-date or before the ex-date. Also, given they are all OTM, I am assume the risk is extremely low.