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American Capital Agency Corp. Message Board

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  • xxavatarxx xxavatarxx Dec 4, 2012 1:21 PM Flag

    Let's talk about mReits, especially AGNC

    Its to bad NLY is weighing on this reit. AGNC doesn't have the same type of MBS's in their portfolio as NLY, nor did they have to finance risky high coupon mortgages as NLY did during the bubble years.

    NLY is turning into a head scratcher for me.
    It's a terd, but I was still expecting it to rally at least a little bit and maybe be around $15 by now.

    Still seems like a potential option play going into he EX.
    If your willing to fork over for ITM 14's for Dec or Jan, they look cheap.
    OTM Dec $15's are 6 cents.

    I picked up 20 NLY calls about 2 weeks ago which are now down about 20%.
    Pondering weather to pick up some more.

    OT, I sold 35 of my 60 NYMT calls this morning.
    And have 25 JAN $5 left at 1.20.

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    • xxavatarxx - I agree with you on NLY. I have some shares and I'm down on those and was looking to add more but I like the idea of the Jan 14's instead. It is the weakest of the group and should see some sort of bounce here.

      • 1 Reply to jtrader64
      • Haha,, your right. Definitely worth paying 4 cents more for the Jan 14 with where NLY's EX data historically lines up.

        If they keep having more weakness this week, I think I'm going to pick up 20-40 of the Jan 14 to add to the 20 Dec $14's I have.

        Dang.. those Dec 15's are temping me!
        I just want to roll the dice and buy this guys whole sell order. 616 calls at .07.
        Must resist. : (

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