Jan 35 calls, Doc, Rim, Ole would appreciate input
I agree with Olee, I am a little cautious with the earnings, and just sold my 130119c35s for $1.05 I bought them on the SPO and couldnt risk losing a 25.5% gain in 2 weeks. I am still long AGNC stock and some options. And bullish long term.
FWIW, over the past 2 years, AGNC has only dropped after earnings two times. Those were in July and October of 2011 and directly coincided with big drops in the S&P. These were also times when the pps of AGNC was closely following the market, whereas now the pps of AGNC seems to have separated from the market.
History is not always a good guide of what a stock will do, and I am not trying to convince anyone that the pps will not drop if the earnings report disappoints. Just trying to give another small data point to further confuse the issue. ;-)