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Strategies & Market Trends : Option Strategies

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To: alanrs who wrote (1727)	8/18/2016 10:10:54 AM
From: robert b furman	Read Replies (2) of 2591

HI al, I'm feeling better about my OH WELL KMI. Morgan Stanley raised their rating on it today and have a PT of 24. If so I'll actually be near in the money on the many puts I sold out some 15 months. They all come home to roost in January. I'm up over 10 on Rig - looks like the gain on Rig will cover the loss on ESV. So my wild buying of energy stocks (that were intended to be very long term) and hopefully get back to paying a dividend at some point in the future will hopefully allow me a break even as the industry settles in for a long climb back to profitability. I likened the energy stocks of 2015 to the semis of 2000 - it wasn't that far off. Give them 5-10 years and they'll be dividend paying doubles - that's the plan any how. I have sold some January $12.50 puts on cmtl for $1.30 - %1.40 cmtl just had a big merger and they have committed to continuing the $1.20 annual dividend. Current bid ask is 1.25 - 1.45. so 12.50 -1.35 = 11.15 net purchase and a dividend yield of 10.77 ? I've had a stink bid in at 1.50 fro quite some time and no bites. screencast.com Bob

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