NGL Energy Partners LP (NGL)

[bar1080]

Thanks Leftovers. That's a fabulous detailed explanation and I'm very tempted to duplicate your trade as a learning experience.

Several problems: I really don't want to own NGL stock if it comes to that. Plus, I'm too busy today to dive into options. I'd have to learn my way around my brokerage account options trading system. Don't want to do something wrong and end up owing my broker $20 million because of a single dumb keystroke. Or worse, end up owning 10% of NGL's float. Ha!

Also concerned about the tax angles of options, which are surely complex.

Maybe I'll pick a stock I like better than NGL (and one without a K1 form) and give that sort of trade a go when I get more time. Will follow along with you.

Again, Thanks and GL!