On Monday, I wrote some covered calls on Hi-Crush Partners LP (HCLP).

music selection:  “And She Was” — Talking Heads

I previously wrote puts on Hi-Crush Partners LP (HCLP) that were assigned.  The price has continued to fall as demand for fracking sand has deteriorated.  I think this one will be back as they get significant revenue from non-frack sand customers.

I was able to sell HCLP160115C00012500 for 0.10 a contract.  The trade will be in force for 54 days and provides 5.41% bonus yield while I wait for price to recover.  The underlying yields a little over 6% on my cost basis so I think this one is going to work out OK for the Lizard King.

Devour your prey raptors!

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Covered call Hi-Crush Partners LP (HCLP)

Never miss another opportunity to devour prey!

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