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American Capital Agency Corp. Message Board

  • reits_r_us reits_r_us Apr 25, 2013 1:27 PM Flag


    MAIN's EX happens to be on May's OPEX. What that means is expiration of options occurs on the EX date. This makes May Short Puts very appealing as MAIN is trading off of its recent lows over 1.00 dollar below its 200 day SMA.

    I just filled a combo May30/30/25 Long Call/Short Put/Long Call for .25 credit. This places BE at 29.75, the current PPS, and retains the 30 Long Calls for any run towards May EX. Risk is 4.75/contract @ 25 or below at May OPEX.

    Good luck!


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    • Doc, I saw this after hours and tried to enter an order for tomorrow. If I read this right and entered it correctly, it shows a net debit of over $4. Please take another look at this. I am interested, but I must be missing something.

      • 1 Reply to mcdanst
      • Thanks MC,

        Erratum on the original entry:

        Should be May30/30/25....Long Call/ShortPut/LongPut. It was basically a Put spread on the last two entries. So a Long 25 Put, not a Long 25Call..Sorry for any confusion.

        I would not bet the farm here as MAIN is under pressure from shorts every PM as MrPhil has pointed out, like today. They have their agenda and we have ours. We'll see who wins...;-)


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