Dumped my May 22.50 calls yesterday and today for a 52% profit since Apr 3 and 4. Probably early, but bird in the hand...........Still holding May 25 calls. First quarter earnings report will be released May 1, and could provide a nice price boost. Based on the past, dividend declaration should be Friday Apr 26 for estimated X of May 3. Historically, May 1 would be the exit day.
Divy of 0.61 is much higher than what I expected. You might want to hold onto a couple until after earnings. Results on new plant could be exciting and are in no way factored into the share price
I have the May 22.50s also. Considered selling half yesterday for what would have been the total I paid for all the calls but the price the last week has shown no signs of leveling. Even the early morning push downs always recover by afternoon and today has been up the whole day .... wouldn't be the first time I held too long lol.
UAN is a Carl Icahn baby, they tend to be shareholder friendly for a while. So is her sister MLP, CVRR who is planning on paying ~6+/- in divs this year.
Slight volume increase each day with upward movement, and we expect the div to double[about .50 this q] which will move it an extra buck. 27 by xd-1 30+ by august opex.
Can't argue with a quick 50% though. Not to late to get back in on a dippy manipu-lippy in the morning.
I expect a broad profit taking day tomorrow. Bad day for earnings positive suprises trying to rally into it. Truly hope I am wrong.