I expect LINE to be over $34 after quarterly report
I expect LINE to be over $34 after the next quarterly report. It may happen sooner, but once the DCF beat is official and all the nice Q4 numbers and forward projections are out ,LINE should be at least a couple of bucks higher.
I had sold January $37 calls for 30 cents on some earlier run up. I thought that it was a safe bet that I would keep my stock and collect a nice premium (better than an extra month's divy). I will not be selling any additional calls until after the quarterly report. The premium is not good enough right now and I think that I'd miss a nice gain that is coming soon. Perhaps after the quarterly report it will be time to sell a few calls in the upper thirties.
Personally, I expect higher numbers for Linn Energy this year.... and a boat load of "deals". The room is right for making money. Linn is a hungry/aggressive deal maker. So put on your seat belt and hang on. This year is going to be fun.