above 18 in a down market. Its a positive if NLY can close above 18 this week, with equity index continuing like last week, but not to the extreme.This morning, majority of mREIT down slightly <0.75% - and hope it stays that way the rest of trading day.Investors will buy NLY and other mREIT based on the yield and price stability. Low interest rates may result in NLY capital appreciation - has a chance to go over 19+ and its 52-week highs.Some sold believing the yo-yo affect - take your profits and run. A little bit of prayer doesn't hurt for the buy and holder.Just my 2 centsGLTA
Open mouth, insert foot...thanks
<<Its a positive if NLY can close above 18 this week, >>Open interest on the options suggests that the MMs/specialists may try to move it below 18. The way it's holding strong, might be hard for them to move it much lower than 17.99. :-)
I'm not an option guy...they good forecasters of good/bad things to come?I was informed this Friday is option expiration. Many holding positions will lose out what they put down for their 'insurance' money?NLY < 18 probably with another <500 point> down day in DJIA. Was yesterday's $0.47 NLY upmove justified? It's holding those gains today.