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Noble Corporation plc Message Board

  • nysfparachute nysfparachute Apr 5, 2013 2:03 PM Flag

    sold stock switched to puts

    I sold all my shares today on this rally which is pretty impressive given the down market, but sold an equivalent number of April 35 puts at .60
    I'm basically betting that there is not much more upside into earnings for NE, but perfectly willing to be put shares at 35 given the premium I'll collect by selling the puts. I could easily see myself being wrong, but I've decided to take a conservative....let it come to me....stance going into May in case we get the "sell in May" reaction which happened over the past 2 years.

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