My old strangle on LNG expired out of the money and I am back for more.

music selection:  “Almost Easy” — Avenged Sevenfold

Cheneire Energy is building natural gas export infrastructure.  It should lead to a highly predictable and profitable business.  I own 200 shares and will add 200 more at the right price.  To that end I wrote LNG160610P00035000 for a 1.35 a share.  The trade will be in force for 39 days and yields 36.10% annualized.  The trade also enjoys 13.14% downside protection.  The put is slightly in the money as of this writing.

I also sold covered calls, well out of the money, on my shares.  I sold LNG160610C00048500 for 14 cents a share.  That trade will be in force for 39 days and has an annualized yield of 4.28% against my 30.60 cost basis.

This one is a favorite of Carl Icahn who owns 19% and is agitating for more shareholder friendly management practices.  I feel good about my chances here.

Devour your prey raptors!

Sharing is caring!

Strangle Cheneire Energy (LNG)

Never miss another opportunity to devour prey!

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.