Replies to post #3202 on NGL Energy Partners LP (NGL)

[jugs]

Excellent explanation for which I thank you. I do think we will fall back towards $11.60 at some point over the next month and a half but like you, that won't stop me in my quest for more NGL. My portfolio value would suffer but the net asset value counts only on January 1st when I face myself as a stock person. For now, then, I have to make moves.

This is what you are doing. I commend you for having your head on straight.

[Watch30]

Thank you. I understand now. May look into it on Monday. So worst case scenario is stock tanks to 10?? But your buying at 11:95. If it stays above strike price by final date u keep stock n premium. Thanks.

[Watch30]

So if The stock tanked with bad news or a market correction, say to 9. You would have to purchase 1000 shares at 9 ?