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American Capital Agency Corp. Message Board

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  • reits_r_us reits_r_us Dec 31, 2012 3:27 AM Flag

    OT: EPD and KMP dividend run ups...

    Hey X,

    Don't forget Feb Options are coming on-line today. Jan OPEX is early so I see some danger there with Jan Calls. FC is almost a certainty and danger there. I would wait until direction and economy is clearer. I was looking myself at EPD for the Long Feb50Call offset with the Short Jan49Put for .15 debit. If things were stable that would be my bet....but things are not stable...;-(

    Good luck in whatever you decide. Hey, whatever happened to your Jan EPD Calls? Didn't you have about 2000 of those??

    DocReits

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    • X,

      I looked back and saw your exit. Good thing you got out when you did, as those Mar48's are selling @ 2.20( a .55 hit to your original 2.75 cost) currently. I think we see 47.00 or less as we go over the cliff. Lots of good prices soon served...;-)

      DocReits

      • 1 Reply to reits_r_us
      • I have exited all of my EPD positions. I had purchased on 12/31/12 the following 2 EPD positions, I took the gamble on these 2. I purchased 376 EPD March13 $48 Calls @ 2.60 and 100 EPD January13 $48 Calls for 2.00. I'm glad the 2 sides finally made a deal.
        This morning I sold my 376 EPD March13 $48 Calls for 3.52 and my 100 EPD January13 $48 Calls for 3.30. So I was able to make a 0.92 gain per call or $34,592 profit on my March13 $48 Calls and a 1.30 gain or $13,000 profit on my January13 $48 Calls.
        I'm working on my recovery right now. I'm buying Long term and deep in the money calls.

        Sentiment: Strong Buy

    • No, Doc. I don't own 2,000 Epd January Calls. I'm still wondering why EPD closed up at $50.08 today, I was afraid that it would go down to $47. I don't know, Doc, the market is out of control and unpredictable during this Fiscal Cliff thing.

      Sentiment: Strong Buy

      • 1 Reply to xionrevolutions
      • --------------
        No, Doc. I don't own 2,000 Epd January Calls. I'm still wondering why EPD closed up at $50.08 today, I was afraid that it would go down to $47. I don't know, Doc, the market is out of control and unpredictable during this Fiscal Cliff thing.
        --------------

        Nothing wrong with sitting out once in a while Xion if your not certain.

        I've actually been doing the same as you. I've been eye balling EPD but just haven't been willing to commit to it.

 
AGNC
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