Replies to post #1577 on NGL Energy Partners LP (NGL)

[Watch30]

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.