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Latest | Highest ratedIs Thornburg Mortgage Common Really Worth $3.88B? [View article]
I am an investor who has NO .. read .. ABSOLUTELY NO idea of what the heck is going on with TMA fundamentally...
But I do find the authors disclosure of being short through options pretty funny .. considering he thinks he has done a great analysis of the situation and is better than S&P analysts .. and considering ALL the options are trading at an implied volatility of above 300% ..
I am a TRADER ... and all I have done is SOLD SHORT Jan 09 and Jan 10 puts for TMA ...
I sold 100 of each for 2.15 and 2.20 respectively ... in effect having a potential loss of $6500 IF, a BIG IF, TMA goes bankrupt ... or a max profit potential of $ 50,000 IF and MAYBE its a BIG IF too that TMA trades above 2.5 on those dates ... but the risk reward makes this a no brainer trade ..