Hello Pezz, Last Night’s Report:
I bought back my dollops of Annaly (NLY) October Put strike price 17.5 at USD 0.60/option.
They were first shorted here at USD USD 1.85/1.95 Message 18732391
(March 21st, 2003), thus allowing me to harvest another undeserved gain of USD 1.3/option.
I say “again” because, like a bad habit, I had done it before, when I posted to you
Message 18181090
(October 31st, 2002)
… and then …
Message 18765055
(March 28th, 2003)
So, as you see, I have collected USD 3.00/option over a 7 months period, which is, of course, much higher return than buying the shares and waiting for its high dividend. NLY may have to cut the high dividend, and until that happens, I will ignore it.
Chugs, Jay
<<Will you stop saying that!!>> ... you must give elmat an opportunity to be wrong;0) |
