Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (38925)	9/28/2003 7:43:57 PM
From: TobagoJack	Respond to of 74559

Hi KyrosL, <<NLY>> ... It was an OK trade the last few times I tried it ... Message 18995692 <<June 2nd, 2003 ... 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. It is a way to bet with BurnAndKaput and wager together with Greensputin :0) NLY doing well depends on (a) low short term rates, (b) steep yield curve, and (c) no derivatives explosion. Although I am bearish on the US markets overall, I try not to fall into the genuine bear trap of being negative just to be not positive or just because it is perhaps intellectually more stimulating. So I exercise in the stormy markets, to test the waters, keep in practice, gain some loot, and keep an open mind. Excursions such as NLY help me to do all that ;0) Chugs, Jay