Currently Bob has been writing options against positions in Annaly Capital ( NLY) and Cypress Sharpbridge ( CYS) both high yielding mortgage REITs (15% and 17% respectively).
Newer entrants like American Capital Agency ( AGNC) and CYS Investments ( CYS), and have returned 32% annualized and 23% annualized from July 2009 through August 2011.
Mortgage REIT investors received mixed news after the bell yesterday as both Capstead Mortgage ( CMO) and Cypress Sharpridge Investments ( CYS) issued press releases to their shareholders.
Among the largest underlying components of REM, in trading today Annaly Capital Management Inc ( NYSE: NLY) is up about 0.3%, American Capital Agency Corp ( NASD: AGNC) is up about 0.4%, and CYS Investments, Inc. ( NYSE: CYS) is lower by about 0.1%.