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American Capital Agency Corp. Message Board

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  • xxavatarxx xxavatarxx Dec 12, 2012 3:16 PM Flag

    Even the most beautiful women....

    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?

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    • I didn't bet the farm on AGNC. I diversify. Unfortunately with options, diversification doesn't mean #$%$.

      I lost money buying puts on
      FB
      NFLX
      AMZN
      RIMM
      LLY

      I lost money buying calls on
      FB
      AMD
      CQP
      EPD
      BMY

      I made money buying puts on
      BMY
      BBBY
      FB
      NFLX
      LLY

      I made money buying calls on
      AGNC
      MTGE
      LINE
      ETP
      BMY

      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...

      • 1 Reply to olee2116
      • My heart goes out to you, Olee; I hope you're not really homeless. Yikes. Do not give up. You know that the guy who founded Patron Tequila and Paul Mitchell Salon Products was once homeless living in his old car. Today, he is worth $5 billion. Things change.

        I have made some mistakes investing, but I have stayed away from options and margin. I am staying with my strategy of buying high-yield securities 'cause they still pay even if the PPS goes down.

        Hope you're staying on this board. When is the OPEX for you?

 
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