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Two Harbors Investment Corp. Message Board

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  • headhunter80904 headhunter80904 Jul 13, 2011 11:05 AM Flag

    Reason for today's big drop

    << An investor sold 12,000 August 5 calls for $5.62. >>

    Doesn't really explain the drop to me; maybe he was just trying to free up some cash for some other opportunities. There are 10 insties holding enough shares to sell that many calls covered; hard to imagine they were naked calls, especially since he didn't get any premium in the sale.

    In any case, I think yesterday's move down was more a movement "in sympathy" with the other REITs, following on NLY's SPO.

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