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Fifth Street Finance Corp. Message Board

deeremanuk 5 posts  |  Last Activity: Dec 17, 2014 4:39 PM Member since: Dec 3, 2001
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  • I got in because of the huge premium on the $7.50 calls - I have both Dec & Jan. I really didn't do a lot of research into the Co. until today. The wild action and suspended trading today certainly caught my eye. I now live in California, but as a former resident of Westchester County (and avid gambler) I think the new casino adds significant value. I think "fair value" is closer to today's inter day high than the closing price. Will I buy more? It all depends on the option premiums since this is my investment vehicle of choice.

    Sentiment: Hold

  • John Walker is always well hedged. Yes, rebound in prices is need for 2017 dividend.

  • deeremanuk by deeremanuk Dec 10, 2014 11:51 AM Flag

    With so much buying around $11 this year, I think tax selling is a factor. Could easily pop to $10 in Jan. I like the $7.50 Jan Call Options. I have not pulled the trigger yet, but getting close.

    Sentiment: Buy

  • Reply to

    SVXY Going To $90 By Mid Jan

    by deeremanuk Dec 3, 2014 5:05 PM
    deeremanuk deeremanuk Dec 5, 2014 2:36 PM Flag

    I just don't know. I know we are in a strong market now that should last into January but after that I am prepared to convert covered "SVXY" calls to naked calls.

    My play for January is the "January Effect" - stocks that are beaten down in 2014, especially at year end due to tax selling. I follow the small O&G shale stocks. I am currently selling Dec naked calls on five of them. The ones that are setting up nicely for January jumps are the ones primarily in natural gas (e.g. "MHR") and the oil ones with good hedges (e.g. "EPE"). These two areas are selling at ridiculous discounts to their intrinsic value.

  • Predictions are always iffy, but with Russia muted, a slow growth US economy, World interest trending down, a steep VIX contango (12.47 14.20 15.55) and the best seasonal time of the year for stocks, I feel fairly comfortable with SVXY Jan covered calls at $90. After Jan 17th things could reverse fast.

    Sentiment: Buy

7.84-0.05(-0.63%)Jan 30 4:00 PMEST

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