tag:blogger.com,1999:blog-4749115770202162460.post3695827509416119754..comments2023-08-05T09:59:40.423-04:00Comments on Jim Kingsland's Financial Balderdash: Wendesday Curtain RaiserAnonymoushttp://www.blogger.com/profile/07411606067910659252noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-4749115770202162460.post-5235401577538834762007-03-08T13:58:00.000-05:002007-03-08T13:58:00.000-05:00The LEH march puts are getting hammered today. Wi...The LEH march puts are getting hammered today. With all the bad economic news out this week regarding factory orders, that housing comment from DR-H, Greenspan's "recession likely", bad retail sales, are the rest of the market not reading the same newspapers that I read?Lawrence Chiuhttps://www.blogger.com/profile/05412184365085411757noreply@blogger.comtag:blogger.com,1999:blog-4749115770202162460.post-52131687683584543572007-03-07T15:12:00.000-05:002007-03-07T15:12:00.000-05:00actually i played it a little safer with the april...actually i played it a little safer with the april's anywayjeff phttps://www.blogger.com/profile/12956622370133978519noreply@blogger.comtag:blogger.com,1999:blog-4749115770202162460.post-34878707129242046722007-03-07T15:06:00.000-05:002007-03-07T15:06:00.000-05:00no way. and if they die because I was too early, i...no way. and if they die because I was too early, i will buy the Aprils. I may even buy more of the March 70's this week. I think next week going into expiration is going to be interesting for the markets... quadrupling withching week with alot of bad baggage. I may end up having to hold those March's right to expiration. Don't do this unless you are prepared to loss it all.Anonymoushttps://www.blogger.com/profile/06600639357521599493noreply@blogger.comtag:blogger.com,1999:blog-4749115770202162460.post-31135214855346257252007-03-07T14:58:00.000-05:002007-03-07T14:58:00.000-05:00are you bailing on your leh puts?are you bailing on your leh puts?jeff phttps://www.blogger.com/profile/12956622370133978519noreply@blogger.comtag:blogger.com,1999:blog-4749115770202162460.post-41372438217575122182007-03-06T23:34:00.000-05:002007-03-06T23:34:00.000-05:00I posted this on yahoo AHM board regarding the rel...I posted this on yahoo AHM board regarding the release numbers tonight.<BR/><BR/>Well I looked at the release number tonight. It is as expected for an alt-a pay option arms player. The part that would make me worry is the high number of high LTV pay option arms. The 80+ LTV is about 20~25% of total loan volume. These should scare any long going into the housing bust as those are the riskiest. As for the weighted FICO being high, the explanation is fairly simple. In order to qualified for such high LTV, the fico must be at the minimum of 720+. A 720+ is good at paying his bills but if things become dire , sickness, layoff, divorce etc...that high LTV pay option arm just became an albatross as it is nearly impossible to refinance or sell out of such mortgage without incurring a loss. I hold a small put position so if I get squeeze out it is ok. I made enough this week on NEW. Just want to let people see it without the blinders of longs or shorts.<BR/><BR/>GL to you all,<BR/><BR/>MikeMaxPowershttps://www.blogger.com/profile/06371930224634183293noreply@blogger.com