Cheers guys and yes thanks Tommiegun for keeping the faith. I started buying options last year and owned some Jan 14 - 12 calls at under $1. I bought some May 13 -11s a couple of months ago and sold those when the pop occurred earlier this year. Sold some of the 12s today but think this might go to 15-16 in the next week.
Good to see you have a great day .
My business background is in construction and real estate in the SF Bay Area . I saw first hand the devastation of the bursting of the housing bubble ..when many of my friend over leveraged themselves into to many properties that were ultimately fore closed on , repossed and sold for half of what that paid for them .
They lost big, as well as any company that insured their loans .
Now I am seeing the reverse .
Anyone that survived the crash is doing their best to hang on ..even tho they are still underwater on their loans , with the current price appreciation they can see getting back to par is possible .....no one that I know is walking away or mailing their keys to the bank .
I am very long RDN and to lesser extents MTG and MBI