Quote from TorontoTrader2:
So why is RMBS up 30% today? I did not see any news.
Too bad you didnt catch my thread on the RMBS Nov $20 calls - You still could have gotten in than late morning and caught 40% of the underlying run as it crushed $20 and ended up deep in the money. I spotted the calls around .45 on huge insane volume. They closed the day around 1.80
RMBS is up on pure speculation of a favorable upcoming FTC ruling.