As promised, anytime we send a text trade, we will try and have a quick post on the reasoning and strategy going forward. I also emailed anyone who is having possible issues with the texts so that they will not miss the idea if the text does not go to their phone.
We have watched this stock for a while and had some trades on it last month. Last night I actually took it off my 'Stocks I like" list, as I thought the drop in oil prices may hurt the stock. But as folks continue to look for a return on their investment, this one fits the bill as one that can get longer term investors a nice bang for their bucks with a 11%+ dividend.
The Stock is BP Prudhoe Trust (BPT) - we grabbed some of the 85 C @ .30 and like the stock to break towards $86 in short order. We will looks to close some of our calls at .70 or so, and hold the rest. The June 90C may also be a nice option at .15 x 30. If the stock does see $86 anytime soon, those 90calls will be a 3-4 bagger.
Please email email@example.com if you have any issues with the text, as we are working to fix any issues folks may have.
Best of luck to everyone, and please understand this is a trade idea i executed and is extremely risky. You can and will lose all your money trading stock options.