American Capital Agency (AGNC), a Bethesda, MD residential REIT, saw a spike lower to $30.30 this morning and is down $1.18 to $32.89 on heavy volume of 19.5 million shares. By way of comparison, typical volume in the first hour is about 2.75 milllion. Options on AGNC are also actively traded. 14,000 puts and 9,800 calls so far. Aug 32 and 33 puts are the most actives and seem to be seeing a mix of buying and selling, opening and closing. Aug and Sep 33 calls are the next most actives iun the name. Vols are up about 5 percent to 28 after the stock was downgraded to hold from buy at theStreet — LINK.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.