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American Capital Agency Corp. Message Board

  • yourbestfriendintheworld yourbestfriendintheworld Feb 8, 2013 3:33 PM Flag

    Closed my calls

    I'm out of these (still long a bunch of shares).

    The theory in buying them yesterday was that the market had made a mistake, and that theory has been proved correct. No need to continue taking risk on this experiment, as the market has corrected itself and then some.

    long agnc 3/16/2013 31 call 2/7/2013 buy@ask 0.63 2/8/2013 sell@limit 1.25 profit 0.62 roi 98% irr 35921% risk 0.63 ror 98% irrr 35921%

    Now THAT is a pretty line score. The market needs to slip on the banana peel more often. Oh, and the sell limit was 3 cents inside the book and still filled in seconds, like it was at-market.

    P.S. I closed my Wynn calls also, for a 10,000% IRR. Same deal. Misinterpreted news made the market flinch and I helped pick it back up and it rewarded me. Totally coincidental that these happened a day apart and produced the same effect, but I ain't complaining about the extra work. The green is a nice base of operations for 2013's total returns.

    If you need me, I'll be explaining this to a lobster and a white bordeaux.

20.18+0.34(+1.71%)Oct 25 4:00 PMEDT