I am a pragmatist and a gambler. A strange marriage but I believe it is the best way to invest. So I am allowing my trades the legs to run to 35 and 37 while keeping my BE at an avg of 31.50. That is a wide range, IMO. Yes, I lose big if we go to 30.00 at EX, but that, IMO, is the same likelihood of us hitting 37.00....;-).
Btw, the reason that 2010's Dec run fizzled was because of the SPO in December, that year. Last year was hit with much uncertainty also, like now, especially coming off of the SEC scare a month or so earlier. It took until the end of Feb, this year, for the "under the bed" crowd to come out, like bed bugs feeding on an almost dead carcass, as a reduced dividend announcement was made. Whoopee, less money, let's get it...go figure.
The market is a crap shoot. The consistency of AGNC, in the face of all of these "crises" gives us an edge. I wish all longs much success!