I still have a bunch of shares bought at 90! It usually recovers real fast, except for oil being so down this time. I wouldn't worry too much though because ERX will come back. I bought these shares to cover my naked call options, but then had to wait until those calls expired, and by then ERX was much lower. Good luck.
Ok, I see. ERX is not a limited partnership, but rather an Exchange Traded Fund or ETF made up of many stocks with a bias toward energy shares.
That is what I do sometimes. Just have to be patient until Jan, unless ERX goes way down, and you can buy your calls back real cheap.
I am not sure if we'll see T in 33's anymore, at least not for a while. I too have sold 35 and 37 calls, and I bet they'll be all called.
I had expected AB to be further along by now, but still it is gaining nicely. I am still counting on a price target of 30, or perhaps a bit lower.
We'll see. I added more today, and hope the price keeps going higher from here. I am betting that LINE has a good chance to survive.
AB should be moving higher as we get closer to tax deadline due to people putting additional funds into their IRA and Roth accounts, and as energy stabilizes. I am hoping for a price target of 30, even though it sounds far fetched
Sentiment: Strong Buy