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American Capital Agency Corp. Message Board

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  • slegermark slegermark Jan 5, 2013 12:56 PM Flag

    OT: Oil Trusts -- SDR, WHZ, /CHKR, etc

    I too, have been accumulating WHZ . I played the last "div run" with options and got slaughtered. When it dipped below 15 I loaded up matching my shares with june 12.5calls at 2.30-2.75. Just about then my son came into some money so I had him margin up and match shares with the same calls. So far he is pleased. We will be selling on the way up starting just before the declaration, probably two weeks from now. It seems in this market the div run ends just before declaration ala agnc.
    We will be holding some of the shares for the distribution. Half the profit will be left in retained shares. This way each cycle yields some long term periodic income.

    For "diversification" we did the same with WMC.

    We signed a pact that we would only trade in equities begginning in W.
    Oh carp, I was reading it upside down, it was supposed to be M.

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