Bought a number of HTS Oct29calls last week for .35 after the panic of Sept 21(Lions and tigers and bears..oh my)...there is a predictable event..this one is free..when a secondary announcement hits with same day loss of over 6% up on 1200%(really) volume..you usu.make free money buying nearby calls.
Anyway..Unloaded half of them Friday @ .70 to take my money off the table. Will unload rest on Monday @ mrkt since it goes EX-DIV on the 28th. Thought of a threefer like AGNC. Not likely as the Dow had such an incredible run Friday.
Have my buy to open on AGNC Oct28puts for .50 (almost hit Fri). Figure that's more free money over next three days. My best estimate is 27.00 minimum low within three days. That should give @ least an .80 bid sell.
NLY goes EX-DIV on the 30th. I will not touch it. Too low PPS on incredible daily volume and nuts institutional holds(56% cf. AGNC 28%) What big boys want ..big boys get.
Next big speculation for me is my buddy Ben's ETP. Buy this at 47.00 for you shareholders and ride to EX-DIV which should be around Nov 5th @ 49-50. I want to collect as many Nov and Dec 50 calls as possible on down days B4 then. Sweet Oct special of the month: ETP Dec50calls @ .60ask or less. Look @ the open interest already there(>4k).
way to go! I got some too - and some CYS since it was also issued @10 percent below its last high. I wasn't sure if AGNC would drop enough so ill hold these for the time being. They're both up about 4 percent already!