Replies to post #24420 on Options Wonderland

[Ithildriel]

I'm always ready for a leg over.

Oh wait, you said leg up. Yes ready for that too. :)

Carrying some IPI calls into earnings on Monday...wish me luck!

[samaelrocks]

Absolutely. I reduced my risk by selling some of my June $60 calls at .35 that I purchased at .25. Not much profit but I feel good going into Monday.

IPI has been beaten down so bad that I doubt we have the cut in premium price the way it happened with some of the other plays on earnings day.

IMO, IPI will beat $60 before June's expiration. That's only a little over 20% from today's PPS.