Merry Xmas everyone.
I need some help with calculating the dividend on 22 Dec.
I went short $150 on CMC aus200 on 22 Dec and closed on 23 Dec.
Made a solid profit on that trade but got a nasty surprise of $1462.50 div charged on my account.
i rang client service and the guy i've spoken to couldnt really explained it. he said there are about 40 company go exdiv om that date.
Still it seems to be unbelievable large amount in 1 day.