RE:RE:RE:MORE EXPENSIVE DEBTI never said 6% amco bond.
I said the AMCO bond was a HY 9.5% coupon loan.
Please don't twist up my words.
Isnt it nice when you have an educated person on the board? Its different when you fool average retail investors. The whole reason why i started posting was because your numbers do not make sense.
My guess is that you either a) Sold 5$ calls naked for the October expiry or b) Hold puts below 5. It works well scaring away the bid and shaking out retail small joes when the bid is weak.
THAT being said. Q32016 might have suprises - maybe impairment etc.. I will most likely a) hedge. b) exit and reenter.