These shares get snapped up and we trade $25+ again. Market in general is getting heated and value disappearing rapidly from everywhere. Mtge is cheap today, probably won't be 1 week from now or less.
NAV rose today yet prices down on mtge and agnc. Lol!!!
Agencies actually rallied today, NAV rose today... Lol! Thus far anyways.
05/13/2013 13:36:51 Bought 100 MTGE Dec 21 2013 25.0 Call @ 0.5
-5,083.70 6,841.76
05/13/2013 13:48:08 Bought 28 MTGE Dec 21 2013 25.0 Call @ 0.45
-1,288.48 5,553.28
05/13/2013 13:58:06 Bought 72 MTGE Dec 21 2013 25.0 Call @ 0.5
-3,662.23 1,891.05
05/14/2013 11:32:19 Bought 1 MTGE Dec 21 2013 25.0 Call @ 0.45
-52.77 1,838.28
05/14/2013 14:09:20 Bought 7 MTGE Dec 21 2013 25.0 Call @ 0.5
-362.37 1,475.91
05/14/2013 14:09:44 Bought 22 MTGE Dec 21 2013 25.0 Call @ 0.5
-1,116.88 359.03
Bud, I bought 200 contracts yesterday, and 30 more today. I have a total of 230 contracts for the $25 strike. Expire in December. I also own 21,500 shares. I have a bunch of a money at risk in MTGE and I have no regrets. The cost average on the calls is 0.493696. I am playing the dividend run up and I believe MTGE will see $26+ again soon.
Long 21,500 shares and 230 $25 calls for dec.
talking about mtge
Bought 200 $25 call options for december 2013 @ 0.493. That was in addition to my 21,500 shares I already own.
Bought the rest at 0.50.. So cost average just shy now of 0.50 at 0.493. 200 contracts.
I think so, given the feds active buying and housing sector improvements book should stabilize and move higher by year end. and thanks AV. I think I'm up to 128 calls now. Hopefully I'll complete at 0.45 and have 200 cost average 0.475.
Bought 100 dec $25 calls @ 0.50. Going to buy 100 more at 0.45 if I can.
Wider spreads. Book value is near $24, but spreads are going wider and that means margins improve the longer we stay here in agency mbs pricing. The fed is not going anywhere for a long time. Interest rates factoring in a 50 bp move in short rates in 2016. So what. Even that could change the other way if the us economy doesn't improve as quick, not to mention higher rates on the long side hurt economic recovery. Look what the fed has to do to keep the economy afloat! Buying 85b a month of treasury and mbs!! And people are worried about rising rates with all that going on and the fed trying to push even rates lower???
EFC*
ETC? Enemy Flag Carrier? =P JK. Too much WoW PvP
"Hedging: During the fourth quarter the percentage of repos swapped was up 35%
from last quarter at 81%. The duration of the swaps is 6.5 years. The company has an
additional 33% of its repos hedged through swaptions to help protect book value in an
up interest rate environment. The combination of swaps and swaptions covered 114%
of repos."
There will not be another AGNC or MTGE SPO for a long time unless the Share price is very much well ahead of book.. So AGNC would need to be around $33 and MTGE would need to be $26.00+
#$%$ #$%$
#$%$*King #$%$. Sorry didnt show up. thanks yahoo filter.
Bush, you are #$%$ #$%$ lol. Watch AGNC rally next week. So dumb.
Disclosure: I'm long 21,500 shares of MTGE.