I want to trade safe, solid preferred stocks with low bid-ask spreads. What would you suggest?

KO,CL,PG,T

How big is your bankroll? If you have under $5,000, the gain you might make will get eaten up by brokerage fees.

Most large cap stocks have very small spreads, and you can look at the last 12 months to see what the stock has done on previous ex-dividend dates.

Also, though, understand what ex-dividend means: holding the stock gets you a dividend check; selling at a discount means the buyer gets that dividend in the form of a reduced price.

Since most dividend-paying stocks have a 2-4% yield, that means any single quarter would have a dividend check between 1/2% - 1% of the share price. That size a dip looks like background noise compared to the normal ups and downs of the market.

What's the difference between buying before or after? If you buy before, you get to collect the dividend.

I'd buy before and sell an itm call against it.

So if the stock is 22 and (making up numbers for clarity) let's say the dividend is $1.

Sell a $20 call, you'll get (22-20+a few pennies).

If someone early excises and you're aasigned, you lose the shares early, but locked in a profit.

If they don't youll be on the list to get the dividend since you owned the shares plus you keep your premium and you get the remaining $20 the following monday....assuming the stock stayed above 20.

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