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American Capital Agency Corp. Message Board

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  • igsteri igsteri Jan 24, 2013 6:18 PM Flag


    Hi Doc,

    I'm joining you with a small position in FSC tomorrow, are you entering at opening or end of day?

    I'm also shorting BMY via long puts and will add more if it keeps climbing.

    RIMM has climbed a lot in anticipation of the new blackberry coming out end of month. I want to take a short position but the put premiums are so crazy high. I tried to short calls but my broker doesn't let me. What do you do when you want to take a short position on a stock with high premiums other then shorting shares?

    Good luck,

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    • Hi Igster,

      It depends on your time line and anticipated PPS by OPEX. When the premiums are high I look for a spread. As an example, look at Feb 16, on the 19/18 Put Spread for a cost of .60, today. If Rimm is trading at 18 or less by Feb 16, you pocket .40.

      Good luck,


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