Jan 30 calls for 1.25. Book value is 32.45. I'm pretty low on cash right now, but I'm very tempted by this. Anyone buying calls now or do you think the price will continue to fall in the short term?
Increased my stake in MTGE. Why is everyone still mostly buying calls in AGNC over MTGE. MTGE has the same management, but they also have the flexibility to invest in non-agency securities. They are both selling at approximately equal discount to book value of 4-5%. Also, the premium on MTGE is slightly cheaper than AGNC.
Still too much risk out there for me. With sequestration and a potential debt ceiling standoff both potentially coming to head around ex-dividend, I may sit this one out.
I think those buying today could make money, so best of luck to you.
I,m buying with both hands
AGNC Jan 31s @ 1.30, @1.10, @.95
PSEC Feb 10s@.95, @.85, @.75
NYMT stock @6.60. @6.50@, @6.40
All MREITS for Divy plays
Today is not without precedent, look at 2008 with OBAMA winning, huge sell-off day after election with quick bounce back
some real bargains out there like PSEC announces next three month dividends, with a small increase in Divys each month, currently paying over 15% Why would anybody not buy PSEC today?
My insurance company sent me a projection for the 2013 stock market: down 40%. Looks like Wall Street doesn't like the voters choice. Hold off a while longer (until Thanksgiving or early December) for the AGNC run-up to XD date ... assuming that there will be a run-up now.
I don't think BV is a good indicator anymore. This looks to be the start of a general stock market correction, I'll bought some small positions, but won't take any large positions until later this month.