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Strategies & Market Trends : Calls and Puts for Income

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To: Bocor who wrote (5691)4/16/2013 9:05:59 PM
From: Jim P.  Read Replies (1) of 5891
 
I am confident $31 is a very safe bet for APL. If you did get that price it would not be below it for very long.
Management went out on a limb and gave guidance for 2014. Not like them. Very confident and holding more cards is what is happening. Unless there is a crash in NGL and natural gas prices beyond the last large drop I am still looking at likely 75 cents a quarter by first February 2014. $31 will look like a great buy then.

I am going to switch my portfolio around to generate more income with puts but think it may be 6 months before I do. I. Want to let current positions ride if i can.
Income taxes bit quite a bit more than expected. My miscalculation on closing out an MLP sale. I hate those kinds of surprises.
Jim
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