AGNC....What a Great Stock....Options on Sale...Trading close to Par!
I am a buyer. Sep34Calls at 1.06, and Short Sep35Puts at .80, at .26 debit, reap .74/combo at a mere 35 by Sept OPEX, more if PPS higher, if EX is post OPEX. If not its a BE trade or better by a dime or a quarter. Good odds , IMO. Shorted a bunch of Sept36Puts for 1.75 on Friday. BE @ 34.25 by OPEX, if EX not Jimmied.
Doing the same for BMY. Between the two, I am hoping for 25-40k. Small compared to X, or Rim, but I'm still collecting the Crumbs under the table.....;-)
What a great trade idea...Just a reminder Doc and to any followers, Short options carry great risk, and you could end up owning shares @ that 35 Short strike price. If the PPS falls off the cliff, to 25 or so, you would be out lots of money....so be careful out there...most people don't like jumping out of planes...;-)
I don't know...any conservative can't have a clue...I'll take that bet by buying those Short Sept 35Puts from you for .80. If the EX is before or on the 21st, and the PPS stays around 35 or less, those 35's will be worth 1.25, minimum, and that will be a quick .45/contract. I'm voting for O and for the EX to be early....