Great trade, I think it's a winer! Good luck with it!
I tried to place it too, but apparently I'm level 1 so no spreads allowed. It's weird because they are letting me short puts but no spreads. How is a spread more risky than a short put?
Anyways, I ended up buying 13Mar28 and 13June28 Calls @ $4.90 .
Also, added more to my Nov31's , premium is cheap close to par, I'll roll them into leap calls if AGNC climbs a little more in November before OPEX.
Also shorted Dec33's at $1.57, I don't mind owning the shares at $31.43 if I can't get out in December.
Good luck with your trades and everyone long AGNC :)
I was looking at the Dec33Puts to short also. As I mentioned in a previous post, the EX is very likely to fall before Dec OPEX(as it did this last Sept). If that happens, the premium will most likely be adjusted up by .1-.3, and is not likely to give much back as the EX approaches, especially if the PPS is close to those strikes. I expect higher, but just saying , be forewarned.
If your strike is close to the money, there has to be a dividend left in the premium. That is why you score incredibly better if the EX is post OPEX. Here's hoping...;-)