Alon USA Partners, LP (ALDW)

[srains]

I just picked up 15 contracts for the November 17, $12.50. Probably should have paid .55 to .60 but I went ahead and got them at .70. I am basically taking half of this qtrs dividend payout or about $1,100 and bought these options. I felt that volatility had not been priced into the options. I also felt that for us to move another $2+ in 6 months was much more likely than it staying where it was.

I did not sell any of my options but if the stock moves up to $13.50 or if I take a larger position in the option contracts, I could do some covered calls, we will see.

Again, I do not post my trades in order to encourage others to do the same. I post them so people know why I am doing what I am doing and possibly learn from my mistakes.