Alon USA Partners, LP (ALDW)

[Watch30]

Thanks. Been working for me. Not to sure about puts to hedge. Gotta do some research. Sold Hlx this morn. Dec. 10 call 40 units =4000 shares. For .80 =3,200 deposited into my account. Also sold Mdr .44 @50 units = 2,200. I try n do this every month. Works better than a dividend in my eyes. The only downside (and has happened to me ) is a big run up in the stock. You are limited to strike price plus your call premium. I got burnt on NGL months back. Bought around 9 sold 10.00 calls one Month out for .90 so I made a 1.90 per share profit but the stock shot to about 20. I got called away at 10 and kept the .90