I closing out on the short trade on Capstead Mortgage (ticker CMO). CMO has fully retraced it pseudo flash crash on Oct 2nd and I think the directional risk may be to the upside for time being. The more I am reading on the company and industry, the more I think that earnings and dividends will come under pressure, as margins are squeezed in future in periods.
That said, I am happy to take the 7%+ return on the trade. As a reminder, the public profile page of the short-portfolio trading portfolio can be found here.
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