State Street Corp. (STT)
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- General Discussion on STT
- Dividend Analysis: State Street Corporation [view article]
- Bank Executive Compensation and the Bailout [view article]
- State Street Corp Should Be Falling, not Rising [view article]
- Large Banks' Net Income History [view article]
- Mid-Caps Are Outperforming Large- and Small-Caps [view article]
- The Facts Behind the Coming Congressional Mortgage Bailout Bill [view article]
- ETF Industry Data Summary: 1H'08 [view article]
- Next Week Is a Big One for Bank Reports [view article]
- Options Trader: Tuesday Outlook [view article]
- U.S. Bank Dividend Yields Revisited [view article]
- Why Have Most Investment Advisers Been Slow to Adopt ETFs? [view article]
- Zoltek Blowing in the Wind, Cramer's Lightning Round (4/23/08) [view article]
loading ...Recent STT Articles
- PFI: PowerShares Dynamic Financials Outperforms Its Peers
- Dividend Analysis: State Street Corporation
- Large Banks' Net Income History
- Large Banks' Yield and Price-to-Book
- ETF Industry Data Summary: 1H'08
- The Facts Behind the Coming Congressional Mortgage Bailout Bill
- Bank Executive Compensation and the Bailout
- Next Week Is a Big One for Bank Reports
- Options Trader: Tuesday Outlook
- Earnings Preview: State Street
- Full List of Articles »
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Annaly Capital: Outstanding Performance in a Down Market [view article]
Wrong. ReplyEli Hoffmann
Wall Street Breakfast: Must-Know News [view article]
Thank you. Glad you find it useful. ReplyWall Street Breakfast: Must-Know News [view article]
Excellent summary. Very much appreciated, particularly your coverage of int'l markets. ReplyBKX Put Option Spread Idea [view article]
Hmmm, one time you wrote April $75 put and the other time March $75 put. The latter is actually what I do a lot. I always buy the upper put with twice the duration as the lower put. That way, the written put decays faster, and it gives me more freedom to react, depending where it is after a few weeks. I can then write another put at a lower price potentially for the second time interval. ReplyBKX Put Option Spread Idea [view article]
There are other instruments like the XLF which have much more liquid option markets. Options trading on the AMEX can have very large spreads and the risk of assignment is much higher since the liquidity is low. The XLF should be very strongly correlated to the BKX. ReplySenkov
BKX Put Option Spread Idea [view article]
Interesting idea. While your theoretical exposure is indeed limited to the premium differential, I would be worried about exercise risk. Please correct me if i'm wrong, but let's consider this scenario:Suppose you've sold $99 put and bought $100 put on a volatile stock. It's expiration day and the stock is trading just above $100. Suppose options are trading at a wide spread again, just like the day you made your first trade, arbitrageurs aren't touching it with 10 ft pole and buying your spread back isn't a good option at this point.
You need to make a decision if you want to exercise your option or not. Your deadline to make this call may not be the same as for the guy who bought your option. He is probably one of the arbitrageurs and has better access to the market. Your broker probably made you sign an agreement with a fine print that sets a draconian dead line. You let the deadline pass. Then something big is announced and stock is trading at $90. You've just lost another $9 that you were not planning to lose. They won't let you exercise your $100 put after your deadline has passed.
Having said that in this particular scenario i think you're relatively safe. Reply
Eli Hoffmann
Wall Street Breakfast: Must-Know News [view article]
Yes I did. Thanks Richard. Corrected. ReplySchweitzer
Wall Street Breakfast: Must-Know News [view article]
under STT did you mean to say "actively managed" rather than actively traded? ReplyAnnaly Capital: Outstanding Performance in a Down Market [view article]
I am long NLY since 2004, and have been adding all the up from the $12 range last year. I rode it down, due to the realization of the risks that jonnycars mentioned. I have to say that this is the ideal operating environment for Annaly, but they took significant steps during the inverted yield curve of two years ago to reposition their assets to perform better (not great, but better) if that trend continued or reemerges. What you buy when you invest in Annaly is a great, not good, management team with experience and very sound judgment.One thing you're not doing, as the article's author suggests, is investing in NYC real estate. Annaly makes its money by buying MBS with actual or implied AAA rating -- borrowing short and cheap and then harvesting the yield differential from these high quality assets, mixed with fixed, floating, and ARM terms to spread the risk and provide performance in various environments. As of their last quarter, this spread was up to almost 1%, having tripled over the inverted yield days. Reply
Annaly Capital: Outstanding Performance in a Down Market [view article]
This company does not buy sub prime; gee, I wonder why? Could it be on a more sane path? And if so how come other financial s did not understand this? ReplyAnnaly Capital: Outstanding Performance in a Down Market [view article]
I have followed Annaly for a number of years and know that they have a great management team. But some of the arguments here are flimsy. A 6.6% dividend yield and a 162% revenue growth are meaningless when trying to determine whether Annaly represents a good investment at this point.The major driver of earnings and int turn the stock price will be the shape of the yield curve. Annaly's strategy works extremely well when we have a positively shaped yield curve and low interest rates overall which we have now. But any sign that the current interest rate environment reverts to more unfavorable conditions could be lethal for the stock.
I am not saying that there is going to be an imminent change in the interest rate environment. What I am saying is that there is risk here and one should be familiar with those risks.
Disclosure: I have no position in the stock. Reply
Radhakrishna
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A Volatile January for Financials, Healthcare [view article]
sun rising: Sorry, didn't see your question. Now that the event's over, i hope you did exit. Oil this year might not have a good run. ReplyA Volatile January for Financials, Healthcare [view article]
is it advisable to sell cvx at 2-3% loss prior to earning report? ReplyJim Cramer's Mad Money Lightning Round, 11/30/07: Abbott and Cost-Cutter [view article]
Wrong Cramer, AHR isn't a residential reit. Replystreet
A Volatile January for Financials, Healthcare [view article]
Well so far you are correct but there are other sections of the market taking hits like technology, all that it would appear that they will be getting positive gains in the upcoming month. Although I would like to note your comment about Goldman Sachs, with the big boost in the investment banking market, GS is almost back to 200. Will it last, only time will tell with a crazy market like this. Reply