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Ok finished reading your post, grabbed my nut sack,and nothing!!! Squeezed a lil then bought 2k @16.70. Then sold February 16 17.50 call for .35 so with my distribution back out my cost is under 16
Jugs : I’m taking this ride with you , albeit on a 50% less investment but 100% of life changing opportunity!! Good luck to all of us to n the next 2 weeks and out.
I like what your doing ! I’m doing similar with ngl 60 k margin but besides collecting distributions I’m collecting monthly premiums on covered calls out of the money , which approximately equals the distribution. Jugs , the way I see your situation is : you have 7 k shares of ngl on margin (approximate #s) your distribution on this yearly ,without any increases is about 11,200 if your interest on this is 7 k this gives you a over a 4 k profit + the annual appreciation!! Seems like a no brainer. Keep on doing as you do !!!
Excellent!!! 1,250 in the bank ! NICE
I just couldn’t just stand around and watch you guys have all the fun. Just got 1k @17.34 ten seconds later sold February 16 17.50 call for .60 with the distribution should net me 1.15 in 3 weeks.
Good move. Was thinking of doing the same. I think Friday they will announce div. And with a small pop I’ll sell feb. 17.50 calls . First week of feb. Earnings will come out. Everything is falling into place nicely. Good luck.
We should hear from ngl on Friday if my calculations are right.
Thank you gentlemen!! And mrs Jugs !
Thanks!! We love kids. Especially seeing underprivileged kids fishing , clamming , swimming , jet skiing Seeing their smiles were the best. One of the kids we adopted was a blonde hair blue eye 1 month old. Was abused and left by the mother with a block of cheese and a gallon of milk in the middle of a the floor. Thank god neighbors heard him crying. Well after a year the biological mother shows up and wants visitation!! After a couple months our case worker tells us she may get James back. Well I flipped. I loved this kid ! He’s calling me dada! So I tell my wife on the next supervised visit ask her if we give her 10 k she would sign him over to us. Now this woman was basically homeless recovering drug addict she tells my wife if you love him that much take care of him !! I don’t want your money!!! Well that was 32 years ago and as I type this we are bowling and he is my fishing buddy and he works with me in the family garage door business. Life is strange I was biting my fingernails waiting to find out what she said The last thing I expected was what my wife told me when she came home from the visit. My boy James has his challenges from the abuse he’s suffered but that makes me love him more. Sorry for the long non stock related story
??I agree no chasing!! But if you pay a lil more you may get a I’ll more on the call premium. I think your better off with a feb. A March. Then a April. You’ll get a lot more and your not stuck for 4 months. I know there’s no march but one may come up after Jan. Expires. Not sure.
YOU can wait for a lil pull back. Or pay 15.40 collect .55 on the call and .39 on the divi. Still about 900 profit for 28 trading days. Not terrible
LOl. Ok guys must set the record straight. We have 3 biological 2 adopted and 14 long term foster kids!!!
Great story!! Years ago the wife n I were paying 50.00 per week for our daughter to take horseback riding lessons. After 2 months we stopped in for a progress report and Lowe n behold, the instructor never heard of Our daughter Tracy. OH BOY !! So we went home the wife looks through her drawers and finds about 3-400 worth of new clothes !! She was going to the mall shopping with her friends in liue of riding lessons. So the wife in a bit of a rage grabs a pair of scissors and proceeds to shred every piece!! The look on my daughters face when she walked into her room. Priceless. Even though I was spanked as a kid , I was always afraid to hit them being 6-4 280 lbs NY state arm wrestling champ. I found showing them how disappointed I was , made them so guilty that they never wanted to disappoint me. Thank god all 19 turned out ok !!! Yes 19 not a typo !!
Yes technically it’s 39 days but in my mind there’s no trading on weekends , so I look at it as 29 days.
Thanks for the affirmation. Puts me at ease a bit. :) but I gotta say it feels like I’m outa the game when I sell covered calls
Thanks. That’s what I’m thinking. If the stock drops I repurchase the calls for pennies then can sell again for the same monthly expiration!! But I must admit when I sell a call like Mdr and it goes up another .30-.50 it kills me!! Lol. A long time ago , my mentor that got me started in the market told me , be very careful with buying options. Approximately 80 % lose money! I looked him on the eye and said if 80% of people that buy calls lose $$ wouldn’t that mean 80 % of the people that sell options make $$$. He just winked at me. I can remember like it was yesterday.
Yes lol. I’m getting brave , and maybe a little reckless!! 2 weeks ago I picked up 10k of Mdr @6.75 after a couple days sold feb. 16 7s for .40 so feb 16 can’t get here fast enough. I’m pretty sure I’ll get called away on Mdr and the 1k of ngl I got this morning. But hope to retain my 6195 of ngl. Unless it’s over 17:50 on feb 16 then I’ll have to wait for a pull back to get back in. Hope this all works out. :)
Yes. I hear that. I just can’t sit still !! Bought 1000. @ 15.20 on margin then immediately sold feb 16 15 strike for .95 I figure with divi. I’ll make 1115 in a lil over a month We will see.
January 5th 2018.
Found this interesting article on ngl by Forbes. My top pick for 2018 is Tulsa, Oklahoma-based NGL Energy Partners LP. Oil prices have staged a nice rebound, with WTI trading between $55-$60/bbl. and yet tax-loss related selling continues to weigh on most of the energy sector from depressed pricing for most of 2017.
In light of this dislocation of the stronger commodity pricing and weak investor demand, I’m looking to take advantage of this disparity by adding NGL Energy as a speculative buy. The master limited partnership currently yields 12%. This is not a pure play on oil, but rather a spread play on different aspects of the energy distribution, logistics and refining operations.
I remain in the camp there is ample supply of oil and gas, but moving it, storing it and refining it stand to largely benefit from a strengthening economy as demand rises and NGL Energy is one of those companies that are seeing improving margins in all these segments of its business.
As to the $1.56 per share annual distribution, the trailing 12-month distribution coverage is 0.80, which implies the current payout is secure. The CEO has pledged to maintain it with the intention of raising it.
I’m betting on the combination of better business conditions shaping up for NGL Energy Partners and yield-hungry buyers looking for a company that has both pricing power and offers a nice inflation hedge. I look toward another upbeat update in the first quarter of 2018 and look for the stock to continue its steady rebound in the months ahead with a price target of $20.
I probably coulda sold at 15.55 /15.60 today bought back at 15.40 and made the same 1500. Lol. I’m always second guessing myself! Lol the classic Monday morning quarter back!! And buyer : seller remorse as soon as the trade is confirmed!! Lol.
Thanks. I understand my risk. But I calculated if I get called away I’ll be up like 16,000 from today in approximately 1 month And I can live with that. Plus If I lose ngl I will get back in on any pull backs. Hope on February 16 ngl is 17.49 lol
This is what I did today. Sold 61 contracts ngl 17.50 feb. 16. For .25 = 1,500 figure worst case scenario is ngl goes to 18+ which I would gain 12k plus the 1500 call plus the 2,500 distribution. If ngl stays under 17.50 I still collect the 1500 and the 2,500. Only way I lose is ngl goes crazy by feb. 16 over 17.75 +++ we will see.
VEry very happy with ngl. Holding 6200 @9.20 up about 40k with the previous 2 distributions. Thank to Jugs. This is my biggest winner as I usually take profits and miss the big run up. But Being a part of this ngl board has convinced me to stay the course. Thankful I didn’t sell at 11,12,13 I’ve been very tempted!! Even this morning I was looking to sell ngl feb 16 or 17:50 covered calls But held off. Then considered selling at 15.10 and buy back lower , but held off again. Like Jugs n Pete say , when you least expect it this stock can jump .70-1.00 in a day. And I wanna be a part of that. Lol. Also the distributions are nice every 3 months. I own a garage door company on Long Island NY and you gotta hang a lot of garage doors and garage door openers to make 40 k so I’m all warm n fuzzy inside. If we hit Jugs projections and there’s a increase in distribution it will certainly be a life changer for me n my family!! Happy new year to all in ngl land.
Yes I know. Reread my original post. I was estimating the timed announcements between class b and common units. And come up with a January 19th announcement for us common folk
Went back in ngl news and found on September 19th they announced quarterly distribution for class b shares on October 19th they announced the distribution for us common unit holders . On December 19th they announced their distribution for class b shares , so I would guess they will announce our distribution on January 19th 2018..... lets hope for a good day in ngl land.
Mdr just announced a huge contract. Hope this has a good day , as I over extended a couple days ago @6:47 range
Could be a good day tomorrow. CFO purchased 10,000 shares yesterday. Let’s hope for a repeat of today. Gltu !!
Hey Jugs. Do you still follow Mdr. If so what do you think of the merger ?
There’s always hope. I’m holding a lot of ngl. A big portion of my total portfolio. I’m sure some of the smart guys on this board can go back and see if they here’s a correlation on the the amount of distribution to preferred class b units. To the amount we get. I’m not that smart lol
ON September 19th they announced a .675 distribution. Today they announced a .562 distribution. This is for preferred class b holders. Hopefully this is not a reflection of cuts down the road or less earnings = less distributions.
Class B preferred took a .11 cut
Yes. Trying. 34 minutes with TD trying to get last in first out. I’m on the phone as I’m typing. Very frustrating
Sold 4000 @13.93
Just added 4000 @ 13.57
Up .15 more in after hours !!
Very good over here !! All smiles.
Now that ngl is in the Alerian index, how many shares must they purchase by December 15 ?
PLease Don’t let that happen again.