I was going to trade MTGE on this dip, but the in-the-money options are so cheap you can daytrade several times as much. Picked up the 20's for 5.20.
sleger, I picked up the same June 20's too but paid 5.30...............close enough
Yah they might be back down again.
Playing with 22.50's now, with remaining powder but premium is higher.
Maybe cheap because pricing in another SPO by then?
I will trade out the options when mtge goes above 26. I do not think they will offer another secondary until pps 26.