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Linn Energy, LLC Message Board

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  • ronharv ronharv Feb 1, 2013 1:10 PM Flag

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    Well, I did close out my sale of 65 April 32 puts by buying back a $.05. A nice trade, as I initially received $.715 (on avg.) for the sale. Should LINE drop a few points over the coming weeks, I'll keep my eye on the July 33s or 32s. And if the units can rise a bit from here either today or Monday, I wouldn't mind selling the July 43 covered calls if I could do so for $.50.

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    • You know ron,

      LINE usually drops by at least the divie amount. If their is a SO you may pick up a few more points down. It isn't acting like it has in the past. So maybe we need to look at LINE a different way. Such as growth may be slowing, and till they find what they want to buy. We may be in a holding pattern.JMO

 
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