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Thursday, March 28, 2024

Comment by phil

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  1. phil

    VLO/Learner – Things just go up and up.  I would think oil has risen faster than gasoline and that's bad for VLOs margins.  Have to wait for earnings but, if earnings justify the move, the March $87.50s are $10 and the Jan $95s are $10 so not a terrible roll and you can offset with 2020 $75 puts at $5.65 to give you even more room to run before even doubling down on the longs.

    FTR/Dhall – There's nothing to do, you simply have a covered stock and will be called away at $8 for a net $1.89 (31%) profit plus the dividends – my heart bleeds for you!   The $8 puts are now $3.30 and that's not too bad and you can sell 1/2 so at least you get that if they keep going up and, if they go down, you can sell the other half for $4 and than you avg a not bad $3.65 on all 6. If not, so sorry about the 31% profit while you collect 0.60 (10%) dividends each quarter – what a disaster!  cheeky

    FAZ/Dhall – Well that's worse because you didn't want to be naked long and now the Feb $10s 0.90 and the $11s are just 0.30 so the spread is now 0.60.  Since you only did one I'd simply wait and either FAZ goes up next week and you get your 0.45 for the short $11s or it goes lower and then you can DD cheaply and maybe roll to a deeper position.  

    /DX/Japar – Yes, those (4) I'm just hanging on to.

    TEVA/Learner – The stock doesn't seem to care much.

    LOL Jabob.

    /RB back at $1.85 is tempting again for the weekend.   Check out the massive exports (22Mb/week) and we still had a build in product!  

    What's crazy to me is, no matter how many times I point this out – the media never mentions it.  They just take the "demand" number from the headline draw and ignore the build in stocks every time.  

    Nice essay BDC.   Let me know when you have time to plot getting GRE to a penny!  



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