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American Capital Agency Corp. Message Board

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  • gniognat gniognat Nov 17, 2012 4:45 PM Flag

    OT - BMY

    Why BMY since its Yield is only 4.40%?

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    • Hi Gniognat,

      A lot of the AGNC folks trade BMY for one reason only....its consistent dividend run from one month out to EX. A lot of us just look at historical runs and then see the percentage of wins over a given period.

      Last time I looked I think BMY is over 90% positive(.50, or higher, one month out, on the run) for the past 15 quarters, often running 2-3 dollars on a 32 dollar stock.

      Another nice thing about BMY is that the spread is so tight..just a cent or two, between bid/ask. I ran a few hundred 30/31 or 29/30(I can't remember)Bull Call Spreads last run for 7-10k profit, I believe. I was able to unwind them so neatly as the PPS climbed, because the spread was really tight. Try that on mReits or MLP' deal on most.

      This run might be more tenuous as we have this wall in front of us, Jan 1st....

      Good luck,


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