Panjang
HCLP is Showing Signs of Bottoming at this Level
At this point, we could be seeing some price stabilization, but I am playing it safe and waiting for some kind of confirmation regarding the fundamentals of Hi-Crush. If their next earnings report surprises to the upside and we start hearing frac sand producers say that conditions are improving, then I would probably activate the trade.
I have started selling naked puts however, since some of these options would provide me with enough premium to give an adjusted cost basis around 1.85-2.85. If I am assigned this stock at these price levels, then I would be more than comfortable with that long term, and if not, then the premiums collected will hopefully somewhat offset the opportunity cost of waiting if I buy in later at a higher price.
I have started selling naked puts however, since some of these options would provide me with enough premium to give an adjusted cost basis around 1.85-2.85. If I am assigned this stock at these price levels, then I would be more than comfortable with that long term, and if not, then the premiums collected will hopefully somewhat offset the opportunity cost of waiting if I buy in later at a higher price.
Nota
Buying back half of my $2.50 naked puts at a considerable gain per contract today... raised more cash and now looking for a pull back to buy HCLP stock outright.Nota
Also, if anyone has questions about what I mean when I describe options moves, feel free to ask. I only do simple 1 and 2 leg strategies, so nothing too crazy!Dagangan aktif
I am beginning to cost average in at $3.75; buying 1/3 position here.Also selling Puts that, if assigned, would give me a cost basis around $3.10.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.