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American Capital Agency Corp. Message Board

  • engie095 engie095 Oct 30, 2012 9:29 PM Flag

    My plan for Wednesday, exit MLPs, enter (more) AGNC

    It looks like the market closing the past two days will hurt me, as I was forced to hold my CQP and PAA calls through ExDiv. I'm looking to exit all my MLPs (CQP, PAA, ETP) tomorrow, hoping to catch a spike up if there's big volatility. Limit orders are set. With whatever funds I have, I'll be entering more AGNC, and possibly MTGE, positions.

    On Friday I decided to bank on a significant increase in AGNC book value, so I went semi-big (for me) on AGNC Dec.31 calls for $1.84. I guessed correctly on the significant BV increase, even underestimating how much it would go up. I had planned to get even more calls on Monday, but twas not to be. Stupid hurricane. ARG says I. Of course, we might be living in Bizarro Market and AGNC share prices doesn't track up with BV. If that happens...I dunno. Load more for the Dec runup?

    Tomorrow's going to be interesting to say the least.

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