NGL Energy Partners LP (NGL)

[leftovers]

I do the same thing now with TQQQ and UPRO except last week I deceided to give those 2 a rest as things are getting a little pricy and due for a correction.

With TQQQ I sold puts for three months each week and have pocketed a total of 72 dollars a share on 4 contracts so I essentially would have shares with a 30 dollar cost bases.

I sold 20 F Puts last week for .30 at a 10.5 strike and they expired worthless so I kept the 600 credit! Also sold 2 puts on IBM 118 strike for 1.90 another 380.00 for the week and finally 3 puts on WBA strike of 47 for .50 another 150 so for the week I pocketed over a 1000 for a 10 day holding period.

I find selling them on a Wednesday before the next week about 10 days till expiration is the hot spot for getting the best premium.

On NGL I will have you to thank because I lost track of this issue as I don't have much interest but you replied to a old post and I thought it looked interesting since the monthly options was only 14 days till expiration and the drop in price from the news made for a nice premium of .20 Thanks!