Today I noticed a big volume of shares that were traded in our beloved AGNC, a total of 18,954,135. Usually 5-7 million shares are traded daily. Even after hours activity shows that several 100,000 share orders and even a big 400,000 buy order is coming in from only the Lord knows whom. I think the dividend hungry masses are flocking to AGNC for the dividend...
What do you think?
I still haven't sold my Bmy July $34 calls yet, I bought more and now my position is 1,818 calls. The current bid on them is 0.94 if I decided to sell them now, my cost basis is 0.72 on each call. I'm aiming for an exit between 1.15 to 1.50. I'm still holding my position.
My estimated cost on this trade was 0.84 on the 1,312 contracts after commissions. My exit price was 1.10.
0.84 x 1,312 contracts = $110,208
1.10 x 1,312 contracts = $144,320 - $1,322 commissions = net $142,998
143-110 = 33k/110k = 0.3 x 100 = 30% return
I use TDAmeritrade for all of my trades, the market makers were giving me such a hard time this morning. I kept my bid @ 1.10 and they kept trying to keep it @ 1.07 - 1.08. I kept insisting on 1,312 GTC Sell to Close @ 1.10, until it was finally filled. I did notice that my broker TDA breaks up my order into smaller pieces, like 25 here in exchange A, then 55 on exchange B, and so on. I have headed to BMY already, I just purchased 1,777 BMY July $34 Calls @ 0.72 and my goal is to sell them @ 1.00 hopefully by the end of June during BMY's dividend run up. Hopefully we will see BMY reaching $35 soon. Good luck to all ( =