Wes - looks like you have been correct on this. Hats off to you. So are you still holding for upper 60's to cover? With oil price breaking down you look to be on to something.
I am here for the long haul and it certainly has been painful but adding to my position every 1 point lower in the stock.
I am also interested in your take on Apple you mentioned going long in the 420s - still looking to get into that? Curious as to why that price point and what your overall plan is on that one.
Yes it seems to be the gift that keeps on giving. I wanted to time the trade to coincide with the market volatility and sell off. Looks like the short will catch the BETA on this name now and it should do very well (outperform to the downside).
With the strong dollar in tow we can see lower commodity prices as fears rise and the horses run back into the barn. Fear trade - buy the US Dollar. All factors are now working on the position nicely.
It will not last forever of course but I still has a bit to go I think.