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Wednesday, September 28, 2005

Fannie Mae (FNM)

Fannie Mae isn't on the pink sheets, at least not yet. But it may end up there before too long. About a year ago I had bought a small nunber of put options with a strike price of $40 expiring on Jan 20, 2006 for 80 cents each. I had almost given up on them when today the stock took a serious nose dive on some serious allegations from an unnamed source familiar with an ongoing investigation into Fannie Mae. The options ended the day over $3.00. Fannie Mae stock is getting very close to the strike price, which is where you start getting the really big swings in options prices. From here, every dollar the stock drops adds nearly a dollar to the price of the options.

My goal is $20 or more.

Comments:
I think your **keyword** blog is
**generic compliment** also! Please visit my site about **crappy product no one wants** ASAP!

But seriously, one quick question. I'm new to the blog format. How to I know when you update a specific section of your blog? Is there any way for me to tell short of skimming over each entry?
 
Yeah I don't know what's up with all the spam comments that started cropping up. Stupid me, I didn't realize the first comment was spam. D'oh!

Well, there's this thing called an RSS feed (I seem to recall it stands for "really simple syndication"), which you can learn about all over the place. This blog generates a site feed, but I don't think it includes updates for when I go back and add something to an old entry, which I do every now and then.

So I don't know of any way to automatically get that information easily. If you're skilled at scripts or java, it's probably not that difficult to do a "diff" with a saved copy and look for changes.
 
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