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American Capital Agency Corp. Message Board

whosejake1 4 posts  |  Last Activity: Jan 7, 2015 11:55 AM Member since: Apr 6, 2012
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  • Reply to

    STRONG BUY

    by saltydog711 Jan 5, 2015 7:54 PM
    whosejake1 whosejake1 Jan 7, 2015 11:55 AM Flag

    Here's what I'm doing.I'm selling(not buying) covered calls against my shares.The May 15 strike calls were bid .50,ask .95.I'll ask for 5 cents less than the current ask price,then keep dropping in 5 cent increments ,once per hour till I get a bid.I don't want to sell anything too far out, 2016 etc because a lot can change between now and then.

  • Reply to

    STRONG BUY

    by saltydog711 Jan 5, 2015 7:54 PM
    whosejake1 whosejake1 Jan 6, 2015 6:47 PM Flag

    .Why do you want to buy options?You should sell covered calls against the shares you own.That way you collect the option premium plus the monthly dividend.

  • Reply to

    STRONG BUY

    by saltydog711 Jan 5, 2015 7:54 PM
    whosejake1 whosejake1 Jan 6, 2015 10:27 AM Flag

    You got it backwards,you want to sell calls against your shares.They pay you to "rent " your shares.Get options approval,then pick a strike(the price the shares get called),then pick the options expiration date from the available list.

  • Reply to

    Bad trade confession

    by kresge_eater Dec 18, 2014 12:47 PM
    whosejake1 whosejake1 Dec 18, 2014 1:50 PM Flag

    For the most part I stopped buying options,only sell covered calls.It's not as exciting,but steady and slow wins the race.When you win big playing with options,you also lose big.I got burned and lost my nerve last year along with a lot of money.Think about it 90 percent of options expire worthless.

AGNC
21.91-0.150(-0.68%)Jan 27 4:00 PMEST

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