Replies to post #70 on Northern Tier Energy LP (NTI)

[Porgie Tirebiter]

When I see a bid on puts that are 14% out of the money with only 5 weeks left, it tells there is an active "insurance" market. The institutionals don't want to hold without hedging.

NTI has a pretty short track record, and that dividend is not a fixed pay out.

Essentially, what I've done is gotten paid to place a bid at $22.50 per share. So I'm lurking way down in the weeds...