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Crosstex Energy, Komandit Şirket Message Board

  • ross.john51 ross.john51 Dec 9, 2010 4:41 PM Flag

    Can someone explain Seekingalpha article on "bullish options" sentiment

    In an article written in "Seekingalpha" which can be found on the XTEX finance.yahoo.com summary page under headlines, the article states: "Call open interest at 552 contracts vs. put open interest at 106 contracts (Put/Call ratio at 0.19). Short float at 0.88%, which implies a short ratio of 1.41 days." I know nothing of options trading and would like to know what type of bullish indicator this is (you might even wish to read the article at http://seekingalpha.com/article/240867-top-25-gas-companies-with-bullish-options-sentiment?source=yahoo)referring and provide the less knowledgeable of us with some insight.
    Note: I did notice the first company on their list had some call ratio of approx 25000 to 900.

    Thanks to all.

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    • I think TT (all versions) does not handle partial sales correctly without manual intervention at the forms level.

      For that reason, I do not sell partial positions (either sell the whole position or none, which usually means I sell none).

      "I keep the # of MLPs I hold small and dont trade them much"

      No reason to keep the number of MLPs you hold low, except that TT limits the number of K-1s to 30. So long as you have less than 30 K-1s and you don't sell partial positions you should be fine with any TT version.

    • Lisa
      I tried TT last year with just 3 MLPs (XTEX, APL, OKS) but had my doubts about how it handled partial sales mid year and partial sales across year ends. I gave up after many hours trying to get advice on where and how to show the in and out stuff on the IRS forms,
      ... had to hire a CPA to help just because of those partials and in&outs. And many of them were confused by the MLPs K1 info.
      -because of that complexity, I keep the # of MLPs I hold small and dont trade them much (even when Mr Mkt is a little wrong)

      Do you think TT deluxe handles these situations well enuf to use it yourself (ie no tax acct).

      thxs.
      O.

    • Yes, TT handles it pretty well except for sale of a partial position.
      But your comment about different versions for MLPs and trusts is nonsense. How can you use 2 versions for one tax return?

      I own a lot of MLPs and trusts and get by fine with the Deluxe version, although I understand even basic version handles it fine too.

    • Can you let us know which version to buy if we are going to be handling K1s for our distributions?

    • Last year Turbo tax was able to handle MLP's. Intuit is pretty smart - they have one version for MLP K1's another for trusts, etc - so you have to buy more than version. Buy Intuit too!!!

    • Trading MLPs like XTEX is going to cause tax headaches. It is not just capital gain/loss when you sell. Better make sure you understand MLP taxation. If you just declare your gains on schedule D you will likely be audited.

    • From Zacks: The short ratio is the number of shares sold short (short interest or bets that the stock will go lower in price) divided by the average daily volume. This is sometimes referred to as the "days to cover" ratio because it tells approximately how many days it will take short-sellers to cover their positions if good news sends the price higher.

      The higher the ratio, the longer it would take to buy back the 'sold' (borrowed) shares. And, in theory, the more short positions there are to cover, the stronger the short covering rally would be.

      Many people who use this indicator look for the number of "days to cover" to be higher than 8-10 days. It's generally believed that a short ratio of that size could prove difficult to cover and, therefore, trigger a strong rally on any hint of an upswing. (My personal preference is to take that into consideration, but also compare it to the industry's average ratio and the stock's own historical ratio.)