BX/QC - I do like them when they are cheap. You never know what skeletons investment funds may have in their closets - it's really a question of trusting the management team with your money - just like any fund. Hard to say how Brexit will affect them - perhaps they are on the wrong side of things but lack of IPOs has been what's hurting BX since last summer and I think those might start coming back - if we survive the Summer!
BX only made $1.82/share last year so $40 was ridiculous but $24 not too bad considering they should track back to $3 over the next couple of years (barring catastrophe). I think $20 should certainly hold so selling the 2018 $20s is essentially getting a free $3.10 so I'd sell those and buy the 2018 $23 ($3.65)/$30 ($1.35) bull call spread at $2.30 so it's a net 0.80 credit and your worst case is owning them for net $19.20, which is 20% off and your best case is $7.80 in profit, which is 32% of the current price, so even in an IRA it's a good 18-month return. Let's add a set of 10 to the LTP to keep an eye on them.
By the way, on oil - I would LOVE to see a sell-off that we can buy into, that's my preference. I would not want to chase them if they pop on inventory news.
