Huge call volume today in MFA Financial (MFA)?

J

Jay B

New member
Over 20k call options were opened today in MFA at 7.5 October. Anyone have a quick and easy explanation? I really don't see any info that would make me believe this is as super bullish as the 20k calls indicate...
 
MFA is trading close to its "book value" (what you would get if you closed the company down tomorow, sold everything, paid off all debts, and shared what was left proportionately among stockholders), which is currently $7.42/share. What that indicates is that MOST investors seem not believe they have any future potential, thus are unwilling to pay any kind of premium...


http://finance.yahoo.com/q/ks?s=MFA

Furthermore, compared with their "competitors", they look to seriously lack earnings growth in the future...

http://finance.yahoo.com/q/co?s=MFA
 
Why do you think this is bullish.

Every single call that was bought was one that was sold by somebody else. Only time will tell who was right.
 
Why do you think this is bullish.

Every single call that was bought was one that was sold by somebody else. Only time will tell who was right.
 
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