I bought more of the AFSI bond.
music selection: “Funky Cold Medina” — Tone Loc
On 18OCT2018, I bought 6 units of CUSIP 032359AE1, the 6.125 coupon Amtrust Financial 15AUG2023 maturity bonds for 95.0000. I attempted to sell the position on 15MAY2019 for 99.15, but only 5 units cleared market. I was left holding one bond I was unable to sell due to the minimum lot size of two at Interactive Brokers. Today, the bond fell back into buy range and I bought 6 more at 93.5000. The trade has a yield to maturity a little over 8% but I expect to do better by exiting the next time the bond approaches par.
Devour your prey raptors!