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!

Write Put Alliance Resource Partners (ARLP)

Never miss another opportunity to devour prey!

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