LPI +.97 to 50.52, I picked up some shares today at 50.81 and sold the April $60 Calls for $4.70. So my cost basis on the stock for this purchase is a mere $46.11, fairly safe imho. The last time LPI traded at $46 was in August of 2021 when crude oil was $67/bbl and the balance sheet had a lot more debt than they have now.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.