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Annaly Capital Management, Inc. Message Board

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  • cacainusa cacainusa Sep 29, 2010 4:31 PM Flag

    Oct call action

    Wow! I should expect very brutal selling of NLY for at least 3 weeks starting tomorrow, Thursday. In addition, the index plung which is due for September rally.

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    • It's actually 2 million contracts for October calls, another 60 thousand for November, 330 thousand for January 2011, more than 65 thousand for April 2011, and more than 200 thousand for January 2012.

      These smell of the "early dividend assignment" play: call option positions deep-in-the money, which profit if they are not assigned to capture the dividend (given the huge numbers, even if a small fraction of investors neglect to send in their notices to their brokerages, the profits can add up).

      nly_investor who used to post here was doing something like this without being a professional.

      If you do it with leverage, the profits (when it works, and nothing huge goes actually against the stock) can mount up even more.

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