It was great reading all of your comments a bit late and after the event. We never saw $28.00 and now we are at $29.20. Probably, would have been better to trade 1,000 shares or so. Anyway, I bought puts now, 50 Sept. 31's for $2.20. I learned my lesson last time in terms of the MREITs taking a hit, so this time I am going to stay comfortable holding puts for awhile. There will be a down day, certainly. I only need to get $28.25 or so.
Depends on how our gov works out its debt problems. If a real reduction plan is done then rates should stay down. if not then rates will go up. Hopefully AGNC has done enough hedging to cover the risk and therefore make money either way. If this was 3 years from now I would be very worried about their hedging, for now I am not.