I was paddling my canoe throught the blood in the streets, and couldn't resist picking up some AGNC shares in the 24.60s. Let's plan on a decent DD and a little boost over the next week. I'm going to eat quite a few June calls, but such is the nature of the dance ("Roys" would have been more prudent).
Hi Jim, sorry to hear about your June's. I'm $5k underwater with Roy right now, but Roy and I have gills and patience. I have taken a few profits on AGNC options already this cycle and used the gains to buy more MTGE shares.
jim - i'll eat some Jun 29's with you I guess... but have been adding to my hoarde of AGNC even though I'm overallocated, under the theory that it would be ridiculous to hold my position through the down draft unless I were willing to add, ergo......
We'll see how it all turns out but I expect GK and gang have a few arrows in their quiver...
Great job. I especially like the margin part. Don't forget to borrow on your home as well. Never say die. You can beat those shorts if you go all in. Like the little train the could.
Sentiment: Strong Sell
I would join you, but I am exposed enough. I think these are very oversold, and we need confirmation of dividend and the Feds policy. It could happen fast, next week, but it looks like I have to hold these calls for awhile, likely till earnings. Break even is fine, but I won't buy anymore until I can buy on a sustained move up. Good luck to both of us.