Trading options in REITs for those not holding AGNC stock

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:

2010-12-13 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: $36,943.74
Total investment                        -$60,152.29
Percentage profit:     36943.74/60152.29 = 61.42%



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