I sold CUSIP: 032359AE1
music selection: “Warning” — Queensryche
On 10JUN2020, I bought the 6.1250 coupon AFSI bond with 15AUG2023 maturity for 93.5000 cents on the dollar. I originally had 6 bonds but one sold earlier in the week. The remaining five bonds cleared the market at par today.
I initially paid 5 dollars in commissions as well as 166.20 in accrued interest. Today’s sell at 100.0000 includes 5.75 in commissions and fees, a coupon payment plus accrued interest totaling to 257.74. Total cash out was 4,846.20 and total cash in was 5,2521.99. My profit is thus 405.79 which is 8.37% over 187 days or 16.34% annualized.
This was always a “money good” bond. I feel pretty lucky to have found such easy money. I’ll be monitoring the bond price and getting back in if it falls to 92 or below again. I have already flipped this bond between 90 and 100 twice. A third time would be just keen.
Devour your prey raptors!