I purchased an equity because it announced very good fundamental performance, as well as a "special" cash dividend. I dont see much, if any risk, other than market movement, to lose on this trade. I just want to WIN MORE! I think the price is going to fluctuate after the dividend is paid, and would like to benefit from the price movement. Problem is, I am new to all this, and dont want to lose my butt. so, can anyone help me out a bit? I was thinking a collar, or an iron condor, but dont know the limits for the strategies. guidance please?