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American Capital Agency Corp. Message Board

  • reits_r_us reits_r_us Oct 31, 2012 11:32 AM Flag

    Bull Put Spread

    Moved my spread up 1.00 and took out the Dec 33/32 Bull Put Spread for .60 credit, will add more on weakness....

    DocReits

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    • Got more 33/32 Bull Put Spreads for .75.... BE @ 32.25 by Dec OPEX.... Max profit .75/contract.... Max loss .25/contract..... 3/1 odds.... Couldn't pass it up....;-)

    • Hi Doc,

      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 :)

      Igster

 
AGNC
22.68+0.20(+0.89%)12:18 PMEDT

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