My original put in ARLP expired out of the money.

music selection:  “Put Me In Your Lay Away” — Muddy Waters

Alliance Resource Partners is one third of my three part position in high yielding thermal coal.  There are a lot of losers in the space but I found three real survivors.  ARLP currently yields over 11%.  I can do better with options though and am looking to be assigned at a favorable price.  On Monday, I sold ARLP160715P00015000 for 45 cents a share.  The trade will be in force for 26 days and yields an impressive 42.12% annualized.  In addition, the trade enjoys 6.67% downside protection.

The three part position is doing very well.  The industry as a whole is in terminal decline but I think there is good money to be made as the survivors wind down to zero.  The three tickers are AHGP, ARLP, and CNXC.

Devour your prey raptors!

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