Bloody hell Hatto. How the mighty have fallen. FTSE250 at all-time highs and going like the clappers and you are doing £25k trades on Lloyds. Must admit I am surprised you are bothering especially as trading swings has not been your forte over the years. I could understand, almost, if you were building up a long-term large position for the dividend. I have a friend who used to work for a bank that got taken over by Lloyds more than 10 years ago. He had his substantial option holding converted into Lloyds shares and has been living a very good life off the dividend ever since.