AGNC – Bull Put Spread – Trade Adjustment

Agnc has sold off so we roll into 31 put. Position is still making money overall, so no need to panic yet. Rolling down still makes approx $400 realised profit, on the upper short leg of the spread (even though market was down).

Purchase  PUT  AGNC 33 Sept2013 AGNC1321U33 8 contracts  2.77  -2,228.95
    Sale  PUT  AGNC 31 Sept2013 AGNC1321U31 -8 contracts 1.4    1,107.02

If agnc makes a move up from here this combination will still make money. So we will hold on and see how it does.

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