I think I will sell my calls @ 1.50 when mtge hits $24. I know this is a little crazy, perhaps I have already lost my remaining sanity. Im feeling a little bit like Jesse Livermore, it's do or die. If I win I win. If I lose...I will start again from zero. If I die on this one, I'm going to start all over again. I would do this all over again, even if I lost every penny. Please pray for me... If I succeed for the first time in my life I will have $100k dollars. My buddies who are my age are obsessed with video games and getting laid, I find making money on these trades to be more fun and rewarding ( =
Smart move. You're playing with the "house's" money on what looks to be a nice uptrend. Well done on your quick double. I know that you were planning to relax for a month after your big BMY play, but it is hard not to have a dog in the hunt (Trader's Boredom). Let's hope that Ben's right about MTGE reaching 24 in the next dividend run. The Earnings Announcement on 5/4/12 should set the table one way or another.