I like this stock, but the chart appears to be breaking down right now. The downward stairstep pattern continues today taking out a recent 29.11 support level. I think the excessive gains of the last few months are being trimmed off and patient investors might do better to wait until the 25 area to get in. Maybe even sell some Dec 25 puts and rake in a few bucks while you're waiting?
Just wrote a couple of puts on the Mar. 25's. I'm fairly new to the options world, but this seems like a decent strategy. I'd be happy owning this stock and its divvy at 25 and just got paid over $300 to wait for it to hit that price.
My guess: stock just got ahead of itself. Look at the chart ... recent gains have been out of proportion with steady growth rate of previous years. Draw a trendline through the chart (or look at the 1-year moving avg.) going back to 2004 and you arrive at a price of roughly 25 today. If you believe in regression to the mean, it seems plausible OHI will revisit the 25 area in the not-too-distant future.