I'm keeping a close eye on the LINE $35 February13 Calls that are going for $2.05 right now. If LINE can go up to $38 pps at the height of its early February dividend run up, I can sell these for 3.00 or 3.25. I plan to wait a week and see if the LINE pps holds up or falls lower than what it's now, I'm sure the market euphoria should be worn off by then. Do any of you plan to trade LINE?
Sentiment: Strong Buy
Any theories on the drop in LINE today? MLP's were a mixed bag with no pattern that I could discern, but LINE & EVEP were the biggest losers among the ones I track by a substantial margin.
I don't see anything in the news and the LINE board appears to be one giant ego contest.
except for a couple april calls.
IN advance of skittcal flittishness due in feb.
Last time the market anticipated earlier than I exptectd so I took modest profit.
Sitting in cash now, for the most part.
My hardest lesson has been hanging out to maximize tops and bottoms. Now after sufficient lossed in late autumn, I have finally come around to accepting good profits over maximum profit.
I'm holding (a much smaller position than usual). Looking at past quarters, the 11th of the month has always been the low, and then it runs up around $2 into the end of the month... I too am skittish after the Q3 debacle, followed by the fiscal cliff hurting AGNC, so I just took a much smaller position...
We will see if this run holds, or I just may give up trading for awhile until the market is behaving again.
and it moved up a full point since then.\
EPD has been strong I am sorry I passed on that train ticket.
Line does not announce for another two weeks and we will be sinking by then in response to congressional uncertainty.
I might build a position in the Feb 34's in a week or so. They've done a Dec/Jan SPO the last two years, so I'm going to wait a bit more.
I don't have all the new fiscal cliff stuff straight yet, but I know there's talk of another showdown about the time this goes XD, so that's something else I might look at. I hate congress.