Dallas, Texas 08/20/2013 (Financialstrend) – Shares of Chimera Investment Corporation (NYSE:CIM) had recently been buzzing with much attention of the investors and analysts on the Wall Street. It had recently been noted that the stock of this financial services company had been at the focus of many analysts especially owing to its trend in price movements and the heavy trading volumes reported in the recent days. It had further been observed that investors would benefit from purchasing a put option on the stock at the exercise price of $2.50 per share and a premium of 20 cents. This mentioned put option is to expire by January 2015 and given the present trend in the prices of this stock, it is expected that this put contract would enable the investors to earn an annualized rate of return at 5.4 percent.
Chimera Investment Corporation (NYSE:CIM) presently operates as a specialty financial services company with primary focus on investments in the residential mortgage backed securities, real estate related securities, commercial mortgage loans, residential mortgage loans and other related asset classes. The company makes investments in such specialty asset classes either directly or indirectly through the subsidiaries.
Chimera Investment Corporation (NYSE:CIM) had been moving down on Monday to lose around 1.35% in prices and thereby had closed at $2.92 per share. The stock had moved on to present fluctuations in prices in the range of $2.90 to $2.98 per share for the day. The stock had further reported trading volume at 18.21 million shares on the first day of the week, while the company on an average had recorded trading volumes at 5.90 million shares per day. The shares of this company had presently reported the 52 week low of $2.36 and 52 week high of $3.34 per share.