Trading options in REITs

Settlemet of the new 8 million shares of AGNC is due on December 14, 2010.  We anticipate a subsequent
decline in price of the stock as many new holders simply flip the stock for a quick profit. We take the
following actions:

2010-12-09 SLD 200 AGNC DEC 29 CAL @ 0.30 to open          5,637.18
2010-12-13 SLD 177 AGNC DEC 29 CAL @ 0.75 to open        13.129.63
2010-12-16 BOT 377 AGNC DEC 29 CAL @ 0.20 to close        -7,837.86
Profit.                                                                                            $10,928.97

2010-12-13 BOT 340 AGNC DEC 30 PUT @ 0.55 TO OPEN    -18,979.59
2010-12-15 SLD 216 AGNC DEC 30 PUT @ 0.80 TO CLOSE    17,104.78
2010-12-16 SLD 124 AGNC DEC 30 PUT @ 1.15 TO CLOSE    14,155.08
Profit                                                                                              $12,280.27

2010-12-03 BOT OPEN 100 AGNC JAN 30 PUT @ 2.15          -21,586.35
2010-12-07 BOT OPEN 100 AGNC JAN 30 PUT @ 1.95          -19,586.35
2010-12-09 SLD CLOS  200 AGNC JAN 30 PUT @ 3.30           65,836.17
Profit                                                                                             $24,663.47

Net gain of trading on the downward price pressure due to the additional float: $47,872.71
It is difficult to present a percentage profit because one must also own AGNC stock to participate in the
short calls portion of these trades.
For those of you who wouldn't have the AGNC stock to write calls against, see
this page.  It will provide you
with the results of the last two sets of transactions and give you a percentage gain.

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