you are viewing a single comment's thread.view the rest of the posts
Yep. If AGNC retraces to 30 this close to div announcement, then the max price might be only 31.25
That means a lot of people on this board (myself included) are ruined. Thanks options...
Not too worry because a lot of this selling pressure comes from sorts/puts and those betting that the dividend will be cut in December. When that doesn't happen, the price will bounce quickly back to the $33 area.
That's what I'm betting.
AGNC also may be delaying the div. declaration and letting the stock drop for further buybacks.
Somewhere between today and the 19th is the normal div. declaration window.
Any day now AGNC will declare 1.25, then a 33-34pps still may not be out of the question this quarter.
I hope that helps you Olie.
Good luck to you Al,
Olee: I bought it at $35.95, 2k and losing about $12k. Did you buy at the similer price? Bernake is ruining every body. I have $30k cash in my brokage account. What I get in Money Morket is $0.09 per month . What a joke it is.
And many people were questioning why I bought the preffy AGNCP I am yielding 8% and at a profit.Better than buying AGNC at a 16% yield and being down 10% on price.
I own AGNC too but I'm just sayin...
Yes Bernanke is ruining or trying to ruin everybody but his banker friends. I wonder how many old retired people who depend on fixed income have actually died as a result of his zero interest policy?
You need to learn more about options trading before you bet the farm, You should never put yourself in a position to be "ruined" no matter what happens. Chalk it up as a learning experience.
The market is really giving you a great opportunity here. Longer term this company will do well if it sticks to the business plan it has. The Fed is screwing things up now. Things will change as they always do.
You don't listen very well. Who's betting the farm?
Most of my trades have been 3-4k trades. I had beginner's luck in the beginning. 10 3k trades turned into 60k. Double my money in 2 months.
Then luck turns. 20 3k trades turned into 0.
What I should have done was stuck with my original position and never traded options in the first place. Doc is probably the most experienced options trader here and he lost ALL of his money THREE times.
AGNC is at 34 before earnings. You buy 100 shares. Drops to 30. You lost $400. No big deal.
AGNC is 34 before earnings. You buy 10 31dec22 calls. Drops to 30. You lost everything, the entire $3400. Times that by 20 trades.
Think before you speak.
Olee, why would you bet the farm going into
1) The fiscal cliff
2) Another round of QE
3) Reit Bellweather NLY is in the crapper which probably is hampering the industry a little bit.
I'm not advocating don't do options, but why would place a huge bet right now in these conditions that could ruin you?
I didn't bet the farm on AGNC. I diversify. Unfortunately with options, diversification doesn't mean #$%$.
I lost money buying puts on
I lost money buying calls on
I made money buying puts on
I made money buying calls on
Yep, I know I have only myself to blame. If I were not so desperate due to losing my business and my savings, I would have never traded options in the first place. I was right in 2010 when I argued that options were 100% more riskier than stocks. But, I saw all these posts about everyone on this forum making so much money on options, so I had to jump on the bandwagon.
I thought there would be nothing worse than preparing myself to die of cancer. Nope, this is even worse, I'm going to be homeless. Now I know how Job felt. Thanks again options...