Otherwise, Santa Claus is rallying my portfolio big-time. 3.5% gain in gross value in just two days.
If the elves in DC can decide that whole Glacial Crevasse issue or whetever it is, I'll be popping open the good egg nog on Monday.
I predict Friday will see light activity on the street, and the half-day Monday will be all but a ghost town. Thursday looks like Santa's wheelhouse. And I'll be travelling. It will get verrry interesting trying to unwind this 27B/6 of an options parade I'm marshalling.
On Gamma, on Theta, on Rho and Recoup! On Stop-loss, on Specialist, on SPO, margin-oop!
AGNC should be going up more than MTGE into ex given that AGNC is undervalued relative to MTGE. AGNC (@$31.13) is currently is trading $1.36 below its 3rd qtr BV whereas MTGE (@$25.45) is trading $.36) above its 3rd qtr BV.
And BTW MTGE's 'hybrid' status is currently the 'rage', but is mostly a mirage as most all of it's earnings and holdings are agency mbs. The non-agency mbs it holds is mostly legacy stuff from before the offering as there is little securitized jumbo mbs for sale and the subprime/non-performing stuff they bought initially is now expensive and not capable of producing the kind of non-leveraged returns equal to what you can get from leveraged agency returns even at today's reduced spreads.
Yep ... PSEC dropped $0.30 [2.75%] this morning after announcing convertible debt last night ... I picked up another 9,000 shares ... and it closed even from yesterday. See I have lived a good life, and I'm being rewarded.