NGL Energy Partners LP (NGL)

[srains]

I was pleased with today's pricing action. Being able to pick up stock at this price is great.


Options can be risky but I dont see them as stock, more as a div. My last play is a safe play but it is a gamble. Usually, I just sell the calls against my stock for a bit of extra money. Take NGL, right now, you can sell the $15 January 18 "Calls" for .10. If you wait for a bounce, you should be able to get .15. Let's say you have 50,000 shares and you sold the $15 January calls for .15., not counting fees, that is $7,500.

Are we going to hit $15 by January? If yes, fantastic, if your stock gets called away, you can always buy it back. If not, you are up $7,500.