j'adoube

Fear of Rising Interest Rates Sends Annaly Mortgage Lower: Time to Buy

". . . Hit the button and paid $14.30. Not liking to pay a lot over the tangible book value of $11.78, I decided to sell some Jan 2009 15 strike calls at $1.30 to lower my cost to $12.00."

$14.30 - $1.30 = $13.00, not $12.00

I'm a little concerned about a "former Wall Street trader" who has trouble with basic subtraction.