After further study of ECT, the trends, past quarters, price of Natty Gas, and other trusts, I think Thursday AH is the end of $10+ for the remainder of the year. ECT will follow the trend of its peers and hit somewhere around $9 with a slight run up to its ex-div date. Financials aren't going to be that spectacular and that should send it down a good %
Just my thoughts again. I think this might be worth a bit more in the future, but just don't see it happening until 2014 - 2015.
Keeping some April $10 calls around though. But after Thursday, I'm out.
Just look at the chart data and then check any of the other trusts: WHZ, WHX, SDR, CHKR... All are down since inception...
Now I think there will be a bump up in the coming year, but for anyone playing this as a trade in the short-term, I think they are about to get burned. Again, just my thoughts. Also, if I'm wrong then that's great! However, I am ditching most of my options tomorrow and getting ready to buy the ~$9ish price and hold.