I couldn't quite bring myself to sell SXL at this level so sold Feb $36.67 calls today for $.85. I'm good up to $37.80 on Feb 17th (would need to go up 6.9% from here).I feel SXL is a little ahead of itself & now looking for another LP that maybe hasn't run up as much.
Hope they don't get acquired in that time frame. This one looks pretty ripe.
"good move"Was it?Aside from the price rise since wait until he has to deal with the tax costs, depending on how long & in what type account he had it in.Ayuh